September 30, 2017 – By Peter Erickson
Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.42, from 1.54 in 2017Q1. It dived, as 39 investors sold Garmin Ltd. shares while 106 reduced holdings. 41 funds opened positions while 121 raised stakes. 71.31 million shares or 4.03% less from 74.31 million shares in 2017Q1 were reported.
Employees Retirement Of Texas reported 6,000 shares. Pub Employees Retirement Association Of Colorado, Colorado-based fund reported 22,277 shares. Liberty Mutual Group Asset Management holds 7,350 shares or 0.02% of its portfolio. Gilman Hill Asset Management Lc has invested 1.53% in Garmin Ltd. (NASDAQ:GRMN). Virginia Retirement Et Al reported 328,900 shares stake. Wealth Enhancement Advisory Serv Ltd Llc, a Minnesota-based fund reported 16,329 shares. Moreover, Prudential Public Limited Company has 0.02% invested in Garmin Ltd. (NASDAQ:GRMN) for 123,000 shares. Korea Invest stated it has 86,800 shares. Wells Fargo & Mn invested in 0% or 183,366 shares. Parallax Volatility Advisers L P holds 0% in Garmin Ltd. (NASDAQ:GRMN) or 1,343 shares. Global X Mgmt Co Lc accumulated 54,845 shares. Tudor Investment Et Al stated it has 32,951 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems holds 0.01% of its portfolio in Garmin Ltd. (NASDAQ:GRMN) for 8,523 shares. Comerica Natl Bank, a Michigan-based fund reported 48,616 shares. Quantitative Systematic Strategies Limited stated it has 50,220 shares.
Since May 26, 2017, it had 0 insider purchases, and 2 sales for $15.67 million activity.
The stock of Garmin Limited Switzerland (NASDAQ:GRMN) registered an increase of 2.4% in short interest. GRMN’s total short interest was 16.37 million shares in September as published by FINRA. Its up 2.4% from 15.99 million shares, reported previously. With 864,900 shares average volume, it will take short sellers 19 days to cover their GRMN’s short positions. The short interest to Garmin Limited Switzerland’s float is 18.59%.
The stock decreased 0.13% or $0.07 on September 29, reaching $53.97. About 780,394 shares traded. Garmin Ltd. (NASDAQ:GRMN) has risen 28.63% since September 30, 2016 and is uptrending. It has outperformed by 11.93% the S&P500.
Garmin Ltd. and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The company has market cap of $10.69 billion. The Firm operates through five divisions. It has a 15.21 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.
Garmin Ltd. (NASDAQ:GRMN) Ratings Coverage
Among 15 analysts covering Garmin Ltd. (NASDAQ:GRMN), 3 have Buy rating, 4 Sell and 8 Hold. Therefore 20% are positive. Garmin Ltd. had 26 analyst reports since July 30, 2015 according to SRatingsIntel. JP Morgan downgraded it to “Underweight” rating and $40 target in Thursday, July 30 report. RBC Capital Markets maintained Garmin Ltd. (NASDAQ:GRMN) on Thursday, July 30 with “Outperform” rating. The stock has “Mkt Perform” rating by Raymond James on Tuesday, August 25. Oppenheimer maintained the stock with “Hold” rating in Wednesday, August 2 report. The rating was maintained by RBC Capital Markets on Thursday, October 15 with “Outperform”. The rating was downgraded by Raymond James on Monday, August 22 to “Mkt Perform”. The stock has “Neutral” rating by Sterne Agee CRT on Tuesday, September 29. As per Thursday, February 18, the company rating was downgraded by JP Morgan. The rating was maintained by Morgan Stanley on Monday, July 31 with “Hold”. The rating was downgraded by Credit Suisse to “Underperform” on Monday, January 18.
More notable recent Garmin Ltd. (NASDAQ:GRMN) news were published by: Streetinsider.com which released: “Garmin Ltd. (GRMN) Disagrees with Verdict in Latest Navico Patent Lawsuit” on September 08, 2017, also Businesswire.com with their article: “introduces Panoptix Ice Bundle with new ice fishing transducer, a hard water …” published on September 12, 2017, Businesswire.com published: “and Disney bring motivation and imagination to the playground with the …” on September 27, 2017. More interesting news about Garmin Ltd. (NASDAQ:GRMN) were released by: Businesswire.com and their article: “Confirms September 29 Dividend Payment” published on September 01, 2017 as well as Businesswire.com‘s news article titled: “Garmin® Boosts Its 5.7K VIRB® 360 Camera with State-of-the-Art Updates …” with publication date: September 21, 2017.
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