Fieldview Capital Management LLC Purchases 19,077 Shares of Garmin Ltd. $GRMN

Fieldview Capital Management LLC grew its position in shares of Garmin Ltd. (NYSE:GRMN) by 421.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,605 shares of the scientific and technical instruments company’s stock after purchasing an additional 19,077 shares during the period. Garmin comprises about 0.8% of Fieldview Capital Management LLC’s holdings, making the stock its 15th largest holding. Fieldview Capital Management LLC’s holdings in Garmin were worth $4,788,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GRMN. Norges Bank bought a new stake in Garmin during the fourth quarter worth about $395,234,000. Alliancebernstein L.P. lifted its stake in Garmin by 649.2% during the third quarter. Alliancebernstein L.P. now owns 1,256,668 shares of the scientific and technical instruments company’s stock worth $309,417,000 after purchasing an additional 1,088,938 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Garmin during the fourth quarter worth about $214,382,000. Vanguard Group Inc. lifted its stake in Garmin by 2.5% during the third quarter. Vanguard Group Inc. now owns 20,197,564 shares of the scientific and technical instruments company’s stock worth $4,973,044,000 after purchasing an additional 499,235 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in Garmin during the fourth quarter worth about $68,106,000. Institutional investors own 81.60% of the company’s stock.

Insider Buying and Selling

In other Garmin news, CFO Douglas G. Boessen sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $237.91, for a total transaction of $475,820.00. Following the transaction, the chief financial officer owned 26,049 shares in the company, valued at approximately $6,197,317.59. This represents a 7.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph J. Hartnett sold 643 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $263.57, for a total value of $169,475.51. Following the transaction, the director owned 21,277 shares in the company, valued at $5,607,978.89. This trade represents a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 15.38% of the stock is currently owned by corporate insiders.

Garmin Price Performance

Shares of NYSE:GRMN opened at $238.23 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 $45.94 billion, a PE ratio of 26.56, a P/E/G ratio of 2.81 and a beta of 0.91. The stock’s 50-day moving average is $245.02 and its 200 day moving average is $226.81.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wall Street Zen raised Garmin from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Morgan Stanley set a $249.00 price objective on Garmin in a report on Thursday, April 30th. Tigress Financial boosted 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. JPMorgan Chase & Co. boosted 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. Finally, Zacks Research lowered Garmin from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, 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.