Garmin Ltd. $GRMN Shares Bought by MUFG Securities EMEA plc

MUFG Securities EMEA plc raised its stake in Garmin Ltd. (NYSE:GRMN) by 6,790.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,815 shares of the scientific and technical instruments company’s stock after purchasing an additional 212,683 shares during the period. MUFG Securities EMEA plc owned about 0.11% of Garmin worth $43,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC raised 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 worth $39,000 after acquiring an additional 142 shares in the last quarter. GraniteShares Advisors LLC purchased a new position in Garmin during the 4th quarter worth approximately $41,000. Torren Management LLC purchased a new position in Garmin during the 4th quarter worth approximately $41,000. Elyxium Wealth LLC purchased a new position in Garmin during the 4th quarter worth approximately $60,000. Finally, Camelot Portfolios LLC purchased a new position in Garmin during the 4th quarter worth approximately $81,000. Institutional investors and hedge funds own 81.60% of the company’s stock.

Garmin Price Performance

Garmin stock opened at $234.00 on Friday. Garmin Ltd. has a 1-year low of $186.67 and a 1-year high of $273.32. The company has a market cap of $45.13 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 2.76 and a beta of 0.94. The stock’s 50 day moving average price is $244.55 and its 200 day moving average price is $223.74.

Garmin (NYSE:GRMN) last posted its quarterly 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. Garmin had a return on equity of 20.07% and a net margin of 23.26%.The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the business earned $1.61 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, equities research analysts anticipate that Garmin Ltd. will post 9.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GRMN has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Tigress Financial lifted their target price on Garmin from $320.00 to $325.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 20th. Morgan Stanley set a $249.00 target price on Garmin in a research note on Thursday, April 30th. Barclays lowered their target price on 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, Zacks Research downgraded Garmin from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently 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.