Ffcm LLC lifted its position in Garmin Ltd. (NASDAQ:GRMN) by 105.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,905 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,094 shares during the period. Ffcm LLC’s holdings in Garmin were worth $535,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Great West Life Assurance Co. Can raised its position in shares of Garmin by 4.8% in the 3rd quarter. Great West Life Assurance Co. Can now owns 88,500 shares of the scientific and technical instruments company’s stock valued at $4,775,000 after acquiring an additional 4,042 shares during the period. ING Groep NV raised its position in shares of Garmin by 51.7% in the 3rd quarter. ING Groep NV now owns 9,590 shares of the scientific and technical instruments company’s stock valued at $518,000 after acquiring an additional 3,267 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Garmin by 590.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 147,616 shares of the scientific and technical instruments company’s stock valued at $7,967,000 after acquiring an additional 126,244 shares during the period. Stephens Inc. AR raised its position in shares of Garmin by 213.6% in the 3rd quarter. Stephens Inc. AR now owns 15,156 shares of the scientific and technical instruments company’s stock valued at $818,000 after acquiring an additional 10,323 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of Garmin by 16.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 67,977 shares of the scientific and technical instruments company’s stock valued at $3,669,000 after acquiring an additional 9,416 shares during the period. Institutional investors and hedge funds own 38.72% of the company’s stock.

Several brokerages have commented on GRMN. ValuEngine upgraded shares of Garmin from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Morgan Stanley raised their target price on shares of Garmin from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Garmin from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Thursday, November 2nd. KeyCorp restated a “hold” rating on shares of Garmin in a report on Wednesday, November 1st. Finally, BidaskClub downgraded shares of Garmin from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Garmin currently has an average rating of “Hold” and an average target price of $56.33.

In other news, EVP Patrick Desbois sold 1,881 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $55.00, for a total transaction of $103,455.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Andrew R. Etkind sold 2,189 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $52.00, for a total transaction of $113,828.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,322,101 shares of company stock valued at $75,219,801 over the last ninety days. Company insiders own 18.30% of the company’s stock.

Shares of Garmin Ltd. (GRMN) opened at $61.79 on Monday. The company has a market cap of $12,239.18, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 2.55 and a beta of 0.81. Garmin Ltd. has a fifty-two week low of $47.03 and a fifty-two week high of $62.61.

Garmin (NASDAQ:GRMN) last announced its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $743.00 million for the quarter, compared to the consensus estimate of $722.00 million. Garmin had a net margin of 22.65% and a return on equity of 15.23%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. equities research analysts forecast that Garmin Ltd. will post 2.9 EPS for the current year.

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Garmin Company Profile

Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices.

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Institutional Ownership by Quarter for Garmin (NASDAQ:GRMN)

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