Garmin Ltd.

(New York Stock Exchange)
Back to all articles
Bullish +65

Value Partners Investments Takes New Position in Garmin

Activist investor AI-generated analysis

πŸ“ˆ Value Partners Investments Inc. purchased 10,363 shares of Garmin Ltd. valued at approximately $2.98 million in the third quarter.

πŸ“Š Dimensional Fund Advisors LP increased its stake by 2.5%, now holding 1,631,843 shares worth $378.54 million.

🏦 Bank of America Corp DE boosted its position by 73.8%, holding 1,295,199 shares valued at $300.50 million.

πŸ“ˆ Amundi raised its stake by 82.5%, now owning 1,017,314 shares worth $236.03 million.

πŸš€ SG Americas Securities LLC increased holdings by 192.8%, now owning 506,273 shares valued at $117.46 million.

πŸ‡¨πŸ‡­ Swiss National Bank raised its stake by 7.0%, now owning 479,800 shares worth $111.32 million.

πŸ“ˆ Institutional investors and hedge funds collectively own 81.60% of Garmin's stock.

πŸ’° Garmin's stock traded up $2.06 on Monday, reaching a price of $286.85.

πŸ“Š The company has a market capitalization of $55.32 billion and a PE ratio of 29.57.

πŸ“ˆ P/E/G ratio stands at 3.18, indicating growth relative to valuation metrics.

πŸ’΅ Garmin reported strong quarterly earnings with $2.81 earnings per share, surpassing analysts' estimates of $2.30.

πŸ“ˆ Revenue for the quarter was $2.02 billion, up 11.4% compared to the same quarter last year.

⭐ Weiss Ratings reaffirmed a 'buy (b)' rating for Garmin.

βš–οΈ Zacks Research lowered its rating to 'hold' amidst mixed analyst views.

🎯 Barclays increased its price target to $297.00 for the stock.

🎯 Morgan Stanley raised its price target to $289.00 following recent performance.

⭐ Arete Research initiated coverage with a 'buy' rating and a $335.00 price target.

πŸ“Š The stock currently has a consensus rating of 'Moderate Buy'.

🎯 Average analyst target price is set at $313.71, suggesting upside potential.

Bullish Signals
  • Value Partners Investments Inc. took a new position in Garmin Ltd., purchasing 10,363 shares valued at approximately $2.98 million in the third quarter.
  • Dimensional Fund Advisors LP increased its stake by 2.5%, now owning 1,631,843 shares worth $378.54 million.
  • Bank of America Corp DE boosted its position by 73.8%, holding 1,295,199 shares valued at $300.50 million.
  • Amundi raised its stake by 82.5%, now owning 1,017,314 shares worth $236.03 million.
  • SG Americas Securities LLC increased holdings by 192.8%, now owning 506,273 shares valued at $117.46 million.
  • Swiss National Bank raised its stake by 7.0%, now owning 479,800 shares worth $111.32 million.
  • Institutional investors and hedge funds collectively own 81.60% of Garmin's stock, indicating strong institutional confidence.
  • Garmin's stock traded up $2.06 on Monday, reaching $286.85 following positive market sentiment.
  • The company reported strong quarterly earnings with $2.81 earnings per share, surpassing analysts' estimates of $2.30.
  • Revenue for the quarter was $2.02 billion, up 11.4% compared to the same quarter last year.
  • Weiss Ratings reaffirmed a 'buy (b)' rating for Garmin.
  • Barclays increased its price target to $297.00 and Morgan Stanley raised its target to $289.00.
  • Arete Research initiated coverage with a 'buy' rating and a $335.00 price target.
Full Analysis
Value Partners Investments Inc. established a new position in Garmin Ltd., acquiring 10,363 shares valued at approximately $2.98 million during the third quarter. This transaction occurred alongside significant adjustments by other major institutional investors, including Dimensional Fund Advisors LP increasing its stake by 2.5% to own over $378 million, and Bank of America Corp DE boosting its holdings by 73.8%. The collective activity highlights sustained institutional interest in the company. Amundi and SG Americas Securities LLC also substantially increased their stakes, with Amundi raising its position by 82.5% and SG Americas increasing holdings by 192.8%. Swiss National Bank further added to its portfolio with a 7.0% increase. These moves contribute to institutional investors and hedge funds collectively owning 81.60% of Garmin's outstanding stock, indicating strong confidence from the investment community. Garmin reported robust financial performance in the recent quarter, delivering $2.81 earnings per share which significantly surpassed analyst estimates of $2.30. Revenue reached $2.02 billion, representing an 11.4% year-over-year increase. The stock traded up to $286.85 on Monday, reflecting positive market sentiment following the strong earnings beat and continued institutional accumulation.