Goldman Sachs Group Inc. has increased their stake in Garmin Ltd. (GRMN). GRMN is set to issue a $0.75 quarterly dividend, larger than the previous year. First quarter 2024 results have been announced with a consensus rating of 'Hold' from analysts. Voisard Asset Management Group Inc. has invested $65,000 in GRMN while investing in the company five years ago would have net a 126% gain. Despite underperformance compared to competitors on certain days, GRMN's Q1 earnings and revenues surpassed estimates. Insider activity reported includes shares being sold by the CFO and purchased by Neuberger Berman Group LLC. Despite a downturn in the market, GRMN's dividend approved by shareholders and increased stake from Manufacturers Life Insurance Company. Analysis shows GRMN's stock on an uptrend due to strong fundamentals despite stock underperformance on some days compared to competitors. Recent earnings calls and announcements predict a strong and bright outlook for GRMN. Notably, the company has earned the no. 2 spot on Forbes' 2024 America's Best Large Employers list.
Garmin Ltd GRMN News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sun, 16 Jun 2024 20:25:40 GMT -
Rating 5
- Innovation 4
- Information 7
- Rumor 6
