Anchyra Partners LLC Acquires Shares of 6,232 Garmin Ltd. $GRMN

Key Points

• Anchyra Partners LLC acquired a new stake of 6,232 Garmin shares in Q4 (≈$1.264M), and institutional investors now own about 81.6% of the stock.
• Garmin beat expectations for the quarter with EPS of $2.79 vs. $2.39 and revenue of $2.12B (up 16.6% YoY), and set FY2026 guidance at EPS 9.35 (analysts forecast ~9.41).
• The company announced a quarterly dividend of $1.05 (annualized $4.20, ~1.6% yield), while insiders — including the CEO and a VP — have recently sold shares (40,725 shares sold in the past 90 days; insiders own 19.54%).

Anchyra Partners LLC acquired a new stake in shares of Garmin Ltd. (NYSE:GRMN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,232 shares of the scientific and technical instruments company's stock, valued at approximately $1,264,000.

Other hedge funds also recently made changes to their positions in the company. Penserra Capital Management LLC increased its stake in shares of Garmin by 43.4% during the third quarter. Penserra Capital Management LLC now owns 22,496 shares of the scientific and technical instruments company's stock valued at $5,538,000 after buying an additional 6,806 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Garmin by 25.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,584 shares of the scientific and technical instruments company's stock valued at $5,314,000 after purchasing an additional 4,437 shares during the period. Krilogy Financial LLC bought a new position in Garmin in the 3rd quarter worth $1,519,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Garmin by 4.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 429,030 shares of the scientific and technical instruments company's stock worth $105,636,000 after purchasing an additional 19,360 shares during the period. Finally, ARK Investment Management LLC boosted its stake in shares of Garmin by 10.9% during the 3rd quarter. ARK Investment Management LLC now owns 28,925 shares of the scientific and technical instruments company's stock valued at $7,122,000 after purchasing an additional 2,852 shares in the last quarter. 81.60% of the stock is owned by hedge funds and other institutional investors.

Garmin Trading Up 0.0%

NYSE GRMN opened at $259.41 on Monday. Garmin Ltd. has a 12 month low of $178.74 and a 12 month high of $273.32. The stock's fifty day moving average price is $245.40 and its 200-day moving average price is $223.01. The stock has a market cap of $50.04 billion, a P/E ratio of 30.16, a P/E/G ratio of 3.10 and a beta of 0.96.

Garmin (NYSE:GRMN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.40. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The company had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the previous year, the business posted $2.41 EPS. Garmin's revenue was up 16.6% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, analysts forecast that Garmin Ltd. will post 9.41 earnings per share for the current fiscal year.

Garmin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.6%. Garmin's dividend payout ratio (DPR) is presently 41.86%.

Insider Transactions at Garmin

In related news, VP Susan Lyman sold 3,805 shares of Garmin stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.32, for a total value of $956,272.60. Following the completion of the sale, the vice president directly owned 7,471 shares in the company, valued at approximately $1,877,611.72. This trade represents a 33.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Clifton A. Pemble sold 19,914 shares of the business's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.58, for a total value of $5,009,964.12. Following the completion of the transaction, the chief executive officer directly owned 124,075 shares of the company's stock, valued at approximately $31,214,788.50. This trade represents a 13.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 40,725 shares of company stock valued at $10,213,222. Insiders own 19.54% of the company's stock.

Analyst Upgrades and Downgrades

GRMN has been the subject of a number of research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Garmin in a research note on Thursday, January 22nd. Zacks Research raised Garmin from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. lifted their price target on Garmin from $265.00 to $285.00 and gave the company a "neutral" rating in a research report on Thursday, April 16th. Barclays set a $240.00 price target on Garmin in a research note on Thursday, February 19th. Finally, Tigress Financial increased their price objective on Garmin from $310.00 to $320.00 and gave the stock a "strong-buy" rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $258.00.

Garmin Profile

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin's products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin's product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.

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