NEOS Investment Management LLC Acquires 7,497 Shares of Garmin Ltd. $GRMN

NEOS Investment Management LLC grew its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 82.2% during the third quarter, HoldingsChannel.com reports. The firm owned 16,613 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,497 shares during the quarter. NEOS Investment Management LLC’s holdings in Garmin were worth $4,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GRMN. Quaker Wealth Management LLC boosted its stake in shares of Garmin by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company’s stock valued at $28,000 after buying an additional 264 shares during the period. Richardson Financial Services Inc. raised its holdings in Garmin by 62.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 51 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Garmin by 788.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company’s stock valued at $39,000 after acquiring an additional 142 shares during the period. Tradewinds Capital Management LLC acquired a new stake in shares of Garmin during the 3rd quarter worth $44,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in shares of Garmin by 96.9% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 250 shares of the scientific and technical instruments company’s stock worth $52,000 after purchasing an additional 123 shares in the last quarter. 81.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Garmin from $250.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. Tigress Financial restated a “strong-buy” rating on shares of Garmin in a research report on Friday, December 19th. Morgan Stanley raised their target price on Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a report on Thursday, October 30th. Finally, Longbow Research upgraded Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $252.00.

Garmin Stock Performance

Shares of GRMN opened at $239.70 on Friday. Garmin Ltd. has a 52 week low of $169.26 and a 52 week high of $261.69. The stock has a market capitalization of $46.10 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 2.35 and a beta of 1.00. The stock has a fifty day moving average of $207.95 and a 200-day moving average of $220.46.

Garmin (NYSE:GRMN) last issued its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.40. Garmin had a return on equity of 19.64% and a net margin of 22.96%.The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the firm earned $2.41 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, equities analysts forecast that Garmin Ltd. will post 7.8 EPS for the current year.

Garmin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, March 12th. Garmin’s dividend payout ratio is 44.33%.

Insider Buying and Selling

In other Garmin news, COO Patrick Desbois sold 3,678 shares of Garmin stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $210.40, for a total transaction of $773,851.20. Following the transaction, the chief operating officer directly owned 61,798 shares of the company’s stock, valued at approximately $13,002,299.20. The trade was a 5.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas G. Boessen sold 479 shares of Garmin stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $215.41, for a total value of $103,181.39. Following the completion of the transaction, the chief financial officer directly owned 28,488 shares in the company, valued at approximately $6,136,600.08. This represents a 1.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,073 shares of company stock valued at $3,540,774 over the last 90 days. 15.38% of the stock is owned by insiders.

Key Stories Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q4 results topped estimates — pro forma EPS $2.79 vs. ~$2.39 expected and revenue $2.12B (up ~16.6% YoY); strength was led by Fitness (+42%), Aviation and Marine, signaling broad-based demand. Read More.
• Positive Sentiment: FY2026 guidance materially above consensus — Garmin guided to ~$7.9B revenue and $9.35 pro forma EPS (vs. consensus ~ $7.4B / $8.51), which underpins near-term multiple expansion and justified the rally. Read More.
• Positive Sentiment: Shareholder-return boost — company proposed a 17% dividend increase and a new $500M buyback program, improving cash-return optics and reducing float pressure over time. Read More.
• Positive Sentiment: Multiple sell- and buy-side notes upgraded price targets or raised models after the beat — including a recent JPMorgan-linked target lift to $265 (still “neutral”), which supports upside from here. Read More.
• Neutral Sentiment: Analyst consensus mixed — overall broker consensus is constructive (Moderate Buy on some aggregators) but several firms still carry cautious/underweight views, so continued multiple expansion depends on execution. Read More.
• Negative Sentiment: Minor insider selling disclosed (CFO sold a small stake) and some late-2025 underweights remain — these are modest negatives but worth monitoring for any change in insider trend or downgrades. Read More.

Garmin Profile

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.