Integrity Alliance LLC. Invests $2.42 Million in Garmin Ltd. $GRMN

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

Other hedge funds have also recently made changes to their positions in the company. Penserra Capital Management LLC lifted its holdings in shares of Garmin by 43.4% in the 3rd quarter. Penserra Capital Management LLC now owns 22,496 shares of the scientific and technical instruments company’s stock worth $5,538,000 after acquiring an additional 6,806 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Garmin by 25.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,584 shares of the scientific and technical instruments company’s stock worth $5,314,000 after acquiring an additional 4,437 shares during the last quarter. Krilogy Financial LLC bought a new stake in shares of Garmin in the 3rd quarter worth approximately $1,519,000. ARK Investment Management LLC lifted its holdings in shares of Garmin by 10.9% in the 3rd quarter. ARK Investment Management LLC now owns 28,925 shares of the scientific and technical instruments company’s stock worth $7,122,000 after acquiring an additional 2,852 shares during the last quarter. Finally, Diversified Trust Co. lifted its holdings in shares of Garmin by 123.1% in the 4th quarter. Diversified Trust Co. now owns 8,248 shares of the scientific and technical instruments company’s stock worth $1,673,000 after acquiring an additional 4,551 shares during the last quarter. 81.60% of the stock is currently owned by institutional investors.

Garmin Stock Down 0.1%

Shares of NYSE GRMN opened at $238.28 on Thursday. Garmin Ltd. has a 52 week low of $186.67 and a 52 week high of $273.32. The firm’s fifty day moving average is $244.48 and its 200 day moving average is $223.42. The company has a market cap of $45.95 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.81 and a beta of 0.94.

Garmin (NYSE:GRMN) last issued its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share (EPS) 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%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.61 EPS. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Equities research analysts anticipate that Garmin Ltd. will post 9.57 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on GRMN. JPMorgan Chase & Co. lifted their target price on shares of Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Morgan Stanley set a $249.00 target price on shares of Garmin in a research note on Thursday, April 30th. Zacks Research downgraded shares of Garmin from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Barclays decreased their target price on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Finally, Tigress Financial lifted their target price on shares of Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $269.40.

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.