September 23, 2017 – By Vivian Park
Sentiment for Garmin LTD (NASDAQ:GRMN)
Garmin LTD (NASDAQ:GRMN) institutional sentiment decreased to 1.12 in 2017 Q2. Its down -0.42, from 1.54 in 2017Q1. The ratio turned negative, as 162 hedge funds increased and started new positions, while 145 decreased and sold stakes in Garmin LTD. The hedge funds in our partner’s database now hold: 71.31 million shares, down from 74.31 million shares in 2017Q1. Also, the number of hedge funds holding Garmin LTD in their top 10 positions increased from 0 to 1 for an increase of 1. Sold All: 39 Reduced: 106 Increased: 121 New Position: 41.
Garmin Ltd. and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The company has market cap of $10.38 billion. The Firm operates through five divisions. It has a 14.77 P/E ratio. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market.
The stock increased 0.79% or $0.41 on September 22, reaching $52.41. About 461,826 shares traded. Garmin Ltd. (NASDAQ:GRMN) has risen 28.63% since September 23, 2016 and is uptrending. It has outperformed by 11.93% the S&P500.
Analysts expect Garmin Ltd. (NASDAQ:GRMN) to report $0.66 EPS on October, 25.They anticipate $0.09 EPS change or 12.00 % from last quarter’s $0.75 EPS. GRMN’s profit would be $130.72 million giving it 19.85 P/E if the $0.66 EPS is correct. After having $0.88 EPS previously, Garmin Ltd.’s analysts see -25.00 % EPS growth.
Valicenti Advisory Services Inc holds 2.52% of its portfolio in Garmin Ltd. for 92,346 shares. Contravisory Investment Management Inc. owns 107,834 shares or 1.98% of their US portfolio. Moreover, Disciplined Growth Investors Inc Mn has 1.74% invested in the company for 1.63 million shares. The Louisiana-based Diversified Investment Strategies Llc has invested 1.7% in the stock. Canal Insurance Co, a South Carolina-based fund reported 86,500 shares.#img1#
Since January 1, 0001, it had 0 insider purchases, and 2 selling transactions for $15.67 million activity.
Garmin Ltd. (NASDAQ:GRMN) Ratings Coverage
Ratings analysis reveals 20% of Garmin Ltd.’s analysts are positive. Out of 15 Wall Street analysts rating Garmin Ltd., 3 give it “Buy”, 4 “Sell” rating, while 8 recommend “Hold”. The lowest target is $12 while the high is $50. The stock’s average target of $37.33 is -28.77% below today’s ($52.41) share price. GRMN was included in 26 notes of analysts from July 30, 2015. The stock of Garmin Ltd. (NASDAQ:GRMN) has “Neutral” rating given on Thursday, October 29 by Citigroup. The stock of Garmin Ltd. (NASDAQ:GRMN) has “Mkt Perform” rating given on Tuesday, August 25 by Raymond James. The rating was maintained by DA Davidson on Friday, September 11 with “Neutral”. The stock of Garmin Ltd. (NASDAQ:GRMN) has “Underweight” rating given on Thursday, February 18 by JP Morgan. The stock of Garmin Ltd. (NASDAQ:GRMN) has “Underweight” rating given on Thursday, July 30 by JP Morgan. The firm has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets. The stock of Garmin Ltd. (NASDAQ:GRMN) earned “Underperform” rating by Credit Suisse on Thursday, February 18. The company was upgraded on Wednesday, July 19 by Longbow. Dougherty & Company downgraded Garmin Ltd. (NASDAQ:GRMN) on Thursday, October 15 to “Neutral” rating. The firm has “Underperform” rating given on Monday, January 18 by Credit Suisse.
More notable recent Garmin Ltd. (NASDAQ:GRMN) news were published by: Zacks.com which released: “Garmin (GRMN) Boosts Marine Business with Products & Buyouts” on September 18, 2017, also Businesswire.com with their article: “Garmin® Boosts Its 5.7K VIRB® 360 Camera with State-of-the-Art Updates …” published on September 21, 2017, Nasdaq.com published: “Garmin Ltd. (GRMN) Ex-Dividend Date Scheduled for September 13, 2017” on September 12, 2017. More interesting news about Garmin Ltd. (NASDAQ:GRMN) were released by: Businesswire.com and their article: “introduces Panoptix Ice Bundle with new ice fishing transducer, a hard water …” published on September 12, 2017 as well as Streetinsider.com‘s news article titled: “Garmin Ltd. (GRMN) Disagrees with Verdict in Latest Navico Patent Lawsuit” with publication date: September 08, 2017.
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