Garmin Ltd. (NASDAQ:GRMN) insider Clifton A. Pemble sold 15,637 shares of the company’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $70.00, for a total value of $1,094,590.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

GRMN opened at $69.57 on Thursday. Garmin Ltd. has a one year low of $53.45 and a one year high of $70.75. The stock has a market capitalization of $13.80 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.88 and a beta of 1.03.

Garmin (NASDAQ:GRMN) last released its quarterly earnings data on Wednesday, August 1st. The scientific and technical instruments company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. Garmin had a return on equity of 15.98% and a net margin of 18.72%. The business had revenue of $894.50 million for the quarter, compared to the consensus estimate of $844.76 million. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. sell-side analysts forecast that Garmin Ltd. will post 3.3 earnings per share for the current year.

A number of research analysts have recently commented on GRMN shares. Longbow Research set a $72.00 price objective on Garmin and gave the company a “buy” rating in a report on Thursday, July 19th. BidaskClub upgraded Garmin from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. Morgan Stanley set a $77.00 price objective on Garmin and gave the company an “equal weight” rating in a report on Friday, September 21st. Finally, ValuEngine upgraded Garmin from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $67.40.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd boosted its position in shares of Garmin by 105.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,736 shares of the scientific and technical instruments company’s stock valued at $102,000 after purchasing an additional 891 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Garmin in the 2nd quarter valued at about $108,000. Sun Life Financial INC boosted its position in shares of Garmin by 1,601.7% in the 2nd quarter. Sun Life Financial INC now owns 1,974 shares of the scientific and technical instruments company’s stock valued at $120,000 after purchasing an additional 1,858 shares during the period. Fort L.P. acquired a new stake in shares of Garmin in the 2nd quarter valued at about $121,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Garmin by 3,291.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,103 shares of the scientific and technical instruments company’s stock valued at $128,000 after purchasing an additional 2,041 shares during the period. Institutional investors and hedge funds own 39.81% of the company’s stock.

About Garmin

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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