Garmin Ltd. (GRMN) demonstrates a significant presence in industrial AI applications, attracting substantial interest among institutional investors. Notably, the first and second quarter reports for 2024 show commendable performance. Dividends to the tune of $0.75 are being distributed among shareholders. Simplicity Wealth LLC and Cetera Investment Advisers have invested heavily in the firm. Amid this, Lazard Asset Management LLC has sold 7,225 shares of Garmin, and Janus Henderson Group PLC reduced its position. Despite underperforming compared to competitors on some days, the company remains an attractive growth stock due to its strategic SWOT insights, innovative offerings such as premium app purchases on the Connect IQ Store, and leadership expansion. Insider sales have been noted, with EVP Patrick Desbois and CFO Douglas Boessen selling company shares. Nevertheless, analysts' average recommendation for the stock is 'hold.'. Garmin’s Q2 2024 earnings surpassed estimates, thanks to surging fitness device sales, and the dividend is set to increase. The second quarter 2024 earnings call is scheduled, and significant institutional investments continue to pour in. Lastly, despite a downgrade by StockNews.com to 'Hold,' Garmin confirms strong Q4 2023 results and a promising outlook.
Garmin Ltd GRMN News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sun, 11 Aug 2024 11:28:45 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 2
