Garmin Ltd. (GRMN) Insider Sells $145,503.90 in Stock

Garmin Ltd. (NASDAQ:GRMN) insider Clifton A. Pemble sold 2,413 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $60.30, for a total value of $145,503.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Clifton A. Pemble also recently made the following trade(s):

  • On Wednesday, November 1st, Clifton A. Pemble sold 38,302 shares of Garmin stock. The shares were sold at an average price of $60.00, for a total value of $2,298,120.00.

Garmin Ltd. (NASDAQ:GRMN) opened at $61.23 on Monday. Garmin Ltd. has a fifty-two week low of $47.03 and a fifty-two week high of $63.15. The stock has a market capitalization of $12,128.28, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 2.53 and a beta of 0.84.

Garmin (NASDAQ:GRMN) last posted its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.09. The company had revenue of $743.00 million for the quarter, compared to analyst estimates of $722.00 million. Garmin had a return on equity of 15.23% and a net margin of 22.65%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. equities analysts expect that Garmin Ltd. will post 2.9 earnings per share for the current fiscal year.

Several research firms have commented on GRMN. Oppenheimer reiterated a “market perform” rating on shares of Garmin in a research report on Tuesday, August 8th. BidaskClub cut Garmin from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research raised Garmin from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Thursday, November 2nd. KeyCorp reissued a “hold” rating on shares of Garmin in a research note on Wednesday, November 1st. Finally, ValuEngine raised Garmin from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Garmin has a consensus rating of “Hold” and a consensus price target of $56.33.

A number of institutional investors have recently modified their holdings of GRMN. WFG Advisors LP increased its position in Garmin by 11.5% in the second quarter. WFG Advisors LP now owns 2,175 shares of the scientific and technical instruments company’s stock worth $111,000 after buying an additional 225 shares during the last quarter. US Bancorp DE increased its position in Garmin by 8.8% in the second quarter. US Bancorp DE now owns 2,215 shares of the scientific and technical instruments company’s stock worth $113,000 after buying an additional 180 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Garmin by 72.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,741 shares of the scientific and technical instruments company’s stock valued at $191,000 after purchasing an additional 1,568 shares in the last quarter. Bank of Hawaii purchased a new position in shares of Garmin in the third quarter valued at $206,000. Finally, Cambridge Advisors Inc. purchased a new position in shares of Garmin in the third quarter valued at $208,000. Institutional investors and hedge funds own 39.37% of the company’s stock.

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About Garmin

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.

Insider Buying and Selling by Quarter for Garmin (NASDAQ:GRMN)

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