Garmin Ltd. (NASDAQ:GRMN) insider Min H. Kao sold 250,000 shares of Garmin stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $62.89, for a total value of $15,722,500.00. Following the transaction, the insider now directly owns 1,799,429 shares in the company, valued at approximately $113,166,089.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Garmin stock opened at $61.97 on Friday. The firm has a market cap of $12.49 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.60 and a beta of 0.99. Garmin Ltd. has a 12 month low of $55.22 and a 12 month high of $70.77.

Garmin (NASDAQ:GRMN) last issued its quarterly earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.12. The business had revenue of $894.50 million for the quarter, compared to analyst estimates of $844.76 million. Garmin had a return on equity of 15.98% and a net margin of 18.72%. Garmin’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share. On average, analysts anticipate that Garmin Ltd. will post 3.3 EPS for the current fiscal year.

Several research analysts recently issued reports on GRMN shares. ValuEngine raised Garmin from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. BidaskClub cut Garmin from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 27th. Longbow Research set a $72.00 target price on Garmin and gave the company a “buy” rating in a research report on Thursday, July 19th. Finally, Morgan Stanley set a $77.00 price target on Garmin and gave the stock an “equal weight” rating in a report on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $67.40.

A number of institutional investors have recently modified their holdings of the stock. Aperio Group LLC raised its stake in shares of Garmin by 103.9% in the third quarter. Aperio Group LLC now owns 176,219 shares of the scientific and technical instruments company’s stock valued at $12,344,000 after buying an additional 89,789 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Garmin by 1.2% in the third quarter. Nisa Investment Advisors LLC now owns 73,130 shares of the scientific and technical instruments company’s stock valued at $5,123,000 after buying an additional 860 shares during the period. First Hawaiian Bank bought a new stake in shares of Garmin in the third quarter valued at $118,000. Scout Investments Inc. raised its stake in shares of Garmin by 92.0% in the third quarter. Scout Investments Inc. now owns 282,806 shares of the scientific and technical instruments company’s stock valued at $19,811,000 after buying an additional 135,473 shares during the period. Finally, Capital Investment Advisors LLC bought a new stake in shares of Garmin in the third quarter valued at $209,000. Institutional investors and hedge funds own 38.65% of the company’s stock.

Garmin Company Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment systems; and action cameras, as well as mobile applications under the Garmin and NAVIGON names.

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Insider Buying and Selling by Quarter for Garmin (NASDAQ:GRMN)

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