Garmin Ltd. $GRMN Shares Acquired by Moran Wealth Management LLC

08 Jan 2026, 07:10 by Doug Wharley · The Cerbat Gem

Moran Wealth Management LLC increased its holdings in shares of Garmin Ltd. (NYSE:GRMN – Free Report) by 7.8% in the third quarter, HoldingsChannel reports. The firm owned 192,113 shares of the scientific and technical instruments company’s stock after buying an additional 13,978 shares during the period. Garmin makes up 1.4% of Moran Wealth Management LLC’s portfolio, making the stock its 9th largest position. Moran Wealth Management LLC’s holdings in Garmin were worth $47,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quaker Wealth Management LLC lifted its position in shares of Garmin by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company’s stock valued at $28,000 after buying an additional 264 shares during the last quarter. Tradewinds Capital Management LLC bought a new stake in Garmin in the 3rd quarter valued at $44,000. SJS Investment Consulting Inc. lifted its holdings in Garmin by 1,530.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 212 shares of the scientific and technical instruments company’s stock valued at $52,000 after purchasing an additional 199 shares during the last quarter. Blue Trust Inc. boosted its position in Garmin by 30.6% during the third quarter. Blue Trust Inc. now owns 235 shares of the scientific and technical instruments company’s stock worth $58,000 after purchasing an additional 55 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its holdings in shares of Garmin by 96.9% in the second quarter. Newbridge Financial Services Group Inc. now owns 250 shares of the scientific and technical instruments company’s stock valued at $52,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 81.60% of the company’s stock.

Key Garmin News

Here are the key news stories impacting Garmin this week:

Positive Sentiment: Garmin unveiled Unified Cabin 2026, an AI/LLM-based conversational, multi-intent, multi-lingual virtual assistant plus seat-aware audio/video, digital key and a single display surface — a product aimed at OEMs that could increase software content per car and recurring-service opportunities. Read More.
Positive Sentiment: Garmin and Meta announced an automotive OEM proof-of-concept integrating Meta’s Neural Band (EMG gesture input) with Garmin’s Unified Cabin, showcasing novel in-vehicle controls that may strengthen Garmin’s OEM pitch for differentiated interfaces. Read More.
Positive Sentiment: Garmin expanded its collaboration with Qualcomm to deliver the Nexus automotive-grade multi-domain High-Performance Compute platform (Snapdragon Elite for automotive), targeting consolidation of IVI, clusters and ADAS — a move that can make Garmin a more strategic supplier to automakers. Read More.
Positive Sentiment: Market note: Zacks flagged Garmin’s outperformance during the trading day (settled up ~2.7%), tying the stock’s gain to investor reaction around the CES product/partner announcements and improving sentiment around Garmin’s automotive strategy. Read More.
Neutral Sentiment: Zacks published a valuation comparison of Kimball Electronics (KE) vs. Garmin for value investors — useful context on relative valuation but not an immediate catalyst. Read More.
Neutral Sentiment: Benzinga ran a retrospective on long-term returns for Garmin shareholders — informative for buy-and-hold investors but unlikely to move the stock short term. Read More.

Analyst Ratings Changes

A number of research firms have recently issued reports on GRMN. Tigress Financial restated a “strong-buy” rating on shares of Garmin in a research note on Friday, December 19th. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a research report on Wednesday, October 8th. Barclays boosted their price objective on Garmin from $167.00 to $208.00 and gave the stock an “underweight” rating in a report on Thursday, October 30th. Longbow Research upgraded Garmin from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research note on Wednesday, December 3rd. Finally, Morgan Stanley boosted their price target on Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $242.60.

View Our Latest Research Report on GRMN

Garmin Trading Up 0.7%

NYSE GRMN opened at $210.86 on Thursday. The company has a market cap of $40.56 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.21 and a beta of 1.00. The company has a 50 day moving average of $201.68 and a 200-day moving average of $222.40. Garmin Ltd. has a 1-year low of $169.26 and a 1-year high of $261.69.

Garmin (NYSE:GRMN – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.99. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.78 billion. Garmin had a return on equity of 19.42% and a net margin of 22.63%.The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.99 earnings per share. Garmin has set its FY 2025 guidance at 8.150-8.150 EPS. On average, equities research analysts forecast that Garmin Ltd. will post 7.8 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Douglas G. Boessen sold 2,485 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $206.26, for a total value of $512,556.10. Following the transaction, the chief financial officer owned 28,916 shares in the company, valued at approximately $5,964,214.16. This trade represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Clifton A. Pemble sold 10,431 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $206.23, for a total transaction of $2,151,185.13. Following the sale, the chief executive officer directly owned 135,180 shares of the company’s stock, valued at $27,878,171.40. This represents a 7.16% decrease in their position. The SEC filing for this sale provides additional information. 15.38% of the stock is currently owned by company insiders.

Garmin Profile

(Free Report)

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.