11,923 Shares in Garmin Ltd. $GRMN Purchased by Integrity Alliance LLC.

Integrity Alliance LLC. acquired a new position in shares of Garmin Ltd. (NYSE:GRMN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,923 shares of the scientific and technical instruments company’s stock, valued at approximately $2,419,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GRMN. Brighton Jones LLC boosted its position in Garmin by 31.3% during the fourth quarter. Brighton Jones LLC now owns 1,943 shares of the scientific and technical instruments company’s stock worth $401,000 after purchasing an additional 463 shares during the period. NewEdge Advisors LLC boosted its position in Garmin by 6.2% during the first quarter. NewEdge Advisors LLC now owns 5,885 shares of the scientific and technical instruments company’s stock worth $1,278,000 after purchasing an additional 345 shares during the period. Woodline Partners LP boosted its position in Garmin by 40.6% during the first quarter. Woodline Partners LP now owns 13,017 shares of the scientific and technical instruments company’s stock worth $2,826,000 after purchasing an additional 3,757 shares during the period. Focus Partners Wealth boosted its position in Garmin by 51.1% during the first quarter. Focus Partners Wealth now owns 6,811 shares of the scientific and technical instruments company’s stock worth $1,479,000 after purchasing an additional 2,304 shares during the period. Finally, Sivia Capital Partners LLC boosted its position in Garmin by 17.0% during the second quarter. Sivia Capital Partners LLC now owns 1,662 shares of the scientific and technical instruments company’s stock worth $347,000 after purchasing an additional 242 shares during the period. Institutional investors own 81.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GRMN. Morgan Stanley set a $249.00 target price on shares of Garmin in a research report on Thursday, April 30th. Zacks Research lowered shares of Garmin from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Barclays cut their price objective on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Finally, Tigress Financial raised their price objective on shares of Garmin from $320.00 to $325.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Garmin presently has an average rating of “Moderate Buy” and a consensus target price of $269.40.

Garmin Price Performance

Shares of GRMN opened at $238.28 on Thursday. The firm’s 50 day simple moving average is $244.48 and its 200 day simple moving average is $223.42. The company has a market capitalization of $45.95 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.81 and a beta of 0.94. Garmin Ltd. has a 1-year low of $186.67 and a 1-year high of $273.32.

Garmin (NYSE:GRMN) last announced its earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.24. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Garmin had a net margin of 23.26% and a return on equity of 20.07%. Garmin’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, equities analysts anticipate that Garmin Ltd. will post 9.57 earnings per share for the current year.

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.