November 29, 2016 - By Hazel Jackson
Clifton Pemble, the President and CEO of Garmin Ltd, made a sale of 175 shares of the company, worth roughly $9,188 U.S Dollars, based on $52.5 of a share. he today has 0.05% of the market cap of Garmin Ltd. This transaction was reported on 29/11/2016 and is already filed with the Washington-based SEC. The public report is at your disposal for a review to the public here.
Out of 12 analysts covering Garmin Ltd. (NASDAQ:GRMN), 1 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 8% are positive. $50 is the highest target while $12 is the lowest. The $35.75 average target is -31.81% below today’s ($52.43) stock price. Garmin Ltd. has been the topic of 22 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded Garmin Ltd. (NASDAQ:GRMN) on Wednesday, August 24 to “Sell” rating. On Thursday, July 30 the stock rating was downgraded by JP Morgan to “Underweight”. The rating was maintained by Credit Suisse on Thursday, February 18 with “Underperform”. The firm has “Neutral” rating given on Wednesday, August 17 by Longbow. The stock of Garmin Ltd. (NASDAQ:GRMN) earned “Neutral” rating by JP Morgan on Monday, October 19. The firm has “Mkt Perform” rating by Raymond James given on Monday, August 22. The firm has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets. The firm has “Neutral” rating by Citigroup given on Thursday, October 29. The company was downgraded on Monday, January 18 by Credit Suisse. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, October 15.
Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.06, from 1.1 in 2016Q1. The ratio improved, as 45 funds sold all Garmin Ltd. shares owned while 85 reduced positions. 40 funds bought stakes while 103 increased positions. They now own 66.55 million shares or 2.98% less from 68.60 million shares in 2016Q1.
Andra Ap accumulated 0.06% or 58,100 shares. The Tennessee-based State Of Tennessee Treasury Department has invested 0.01% in Garmin Ltd. (NASDAQ:GRMN). Paloma Prtn has invested 0% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). Suntrust Banks has invested 0.01% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). Aqr Ltd Liability Company last reported 14,578 shares in the company. Moreover, Ubs Asset Management Americas has 0.04% invested in Garmin Ltd. (NASDAQ:GRMN) for 883,314 shares. Cetera Advsrs Lc last reported 0.02% of its portfolio in the stock. Iowa Financial Bank owns 600 shares or 0.01% of their US portfolio. Glg Lc accumulated 5,807 shares or 0.02% of the stock. Point72 Asia (Hong Kong) Limited reported 22 shares or 0% of all its holdings. Moreover, Blackrock Lc has 0% invested in Garmin Ltd. (NASDAQ:GRMN) for 45,967 shares. Ladenburg Thalmann Financial Serv has 0% invested in the company for 3,958 shares. Moreover, Hanlon Mngmt Inc has 0.42% invested in Garmin Ltd. (NASDAQ:GRMN) for 114,411 shares. Bb&T Secs Ltd Liability Corp accumulated 0% or 7,259 shares. Amica Mutual Co holds 0.05% of its portfolio in Garmin Ltd. (NASDAQ:GRMN) for 11,884 shares.
Insider Transactions: Since August 3, 2016, the stock had 0 buys, and 5 selling transactions for $262,062 net activity. Bartel Danny J had sold 786 shares worth $42,861 on Friday, August 19. 1,429 shares were sold by PEMBLE CLIFTON A, worth $78,595. Straub Philip sold $60,010 worth of Garmin Ltd. (NASDAQ:GRMN) on Monday, August 15. 1,046 shares were sold by ETKIND ANDREW R, worth $57,425. 425 shares with value of $23,171 were sold by Biddlecombe Sean on Wednesday, August 17.
About 271,856 shares traded hands. Garmin Ltd. (NASDAQ:GRMN) has risen 25.02% since April 26, 2016 and is uptrending. It has outperformed by 19.76% the S&P500.
Garmin Ltd. and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The company has a market cap of $9.90 billion. Garmin designs, develops, makes, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor and information products. It has a 19.61 P/E ratio. It operates through five business divisions: marine, outdoor, fitness, auto and aviation.
According to Zacks Investment Research, “Garmin International is designs, manufactures, and markets navigation and communications equipment for a variety of markets, including aviation, marine, automotive, cellular, OEM, and general recreation. Specifically, the company aims to enrich the lives of customers, suppliers, distributors, and employees by providing the very best products that offer superior quality, safety, and operational features at affordable prices.”
Analysts await Garmin Ltd. (NASDAQ:GRMN) to report earnings on February, 15. They expect $0.59 earnings per share, down 20.27% or $0.15 from last year’s $0.74 per share. GRMN’s profit will be $111.41 million for 22.22 P/E if the $0.59 EPS becomes a reality. After $0.75 actual earnings per share reported by Garmin Ltd. for the previous quarter, Wall Street now forecasts -21.33% negative EPS growth.
More news for Garmin Ltd. (NASDAQ:GRMN) were recently published by: Profitconfidential.com, which released: “GRMN Stock: Garmin Ltd. is a Rising Threat with Wearables” on November 26, 2016. Fool.com‘s article titled: “A Strong Case for Buying Garmin Ltd. Stock” and published on November 08, 2016 is yet another important article.
Garmin Ltd. (Garmin), incorporated on February 9, 2010, and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. Garmin designs, develops, makes, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor and information products. The Firm operates through five business divisions: marine, outdoor, fitness, auto and aviation.
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