Garmin Ltd. (NASDAQ:GRMN) insider Min H. Kao sold 95,814 shares of the stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $69.70, for a total value of $6,678,235.80. Following the transaction, the insider now directly owns 1,901,429 shares in the company, valued at approximately $132,529,601.30. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of NASDAQ GRMN opened at $69.59 on Friday. Garmin Ltd. has a 1-year low of $53.45 and a 1-year high of $70.75. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 2.87 and a beta of 1.03.

Garmin (NASDAQ:GRMN) last issued its quarterly earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. Garmin had a return on equity of 15.98% and a net margin of 18.72%. The company 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 earned $0.88 EPS. Garmin’s revenue was up 7.6% on a year-over-year basis. equities analysts expect that Garmin Ltd. will post 3.3 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. OppenheimerFunds Inc. increased its holdings in Garmin by 15.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 5,994 shares of the scientific and technical instruments company’s stock worth $366,000 after purchasing an additional 805 shares during the period. Millennium Management LLC increased its holdings in Garmin by 2.5% during the 2nd quarter. Millennium Management LLC now owns 33,946 shares of the scientific and technical instruments company’s stock worth $2,071,000 after purchasing an additional 842 shares during the period. Point72 Asia Hong Kong Ltd increased its holdings in Garmin by 105.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,736 shares of the scientific and technical instruments company’s stock worth $102,000 after purchasing an additional 891 shares during the period. Green Square Capital LLC increased its holdings in Garmin by 12.7% during the 2nd quarter. Green Square Capital LLC now owns 7,932 shares of the scientific and technical instruments company’s stock worth $484,000 after purchasing an additional 892 shares during the period. Finally, Segment Wealth Management LLC increased its holdings in Garmin by 1.5% during the 2nd quarter. Segment Wealth Management LLC now owns 60,235 shares of the scientific and technical instruments company’s stock worth $3,674,000 after purchasing an additional 905 shares during the period. Institutional investors own 39.81% of the company’s stock.

Several equities analysts recently issued reports on GRMN shares. BidaskClub lowered Garmin from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. ValuEngine raised Garmin from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. Morgan Stanley set a $77.00 target price on Garmin and gave the stock an “equal weight” rating in a research note on Friday, September 21st. Finally, Longbow Research set a $72.00 target price on Garmin and gave the stock a “buy” rating in a research note on Thursday, July 19th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Garmin has an average rating of “Buy” and a consensus target price of $67.40.

Garmin Company Profile

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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