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Garmin Ltd GRMN - News Analyzed: 4,099 - Last Week: 100 - Last Month: 400

↑ Garmin Ltd (GRMN): A Mixed Performance Headlined by Innovations and Increased Revenue

Garmin Ltd (GRMN): A Mixed Performance Headlined by Innovations and Increased Revenue
Garmin Ltd. (GRMN) has been in the news for a variety of reasons, some positive and some negative. The company has seen significant fluctuations in its stock holdings across different investment and asset management firms. Though there has been a decrease in stock holdings by Oppenheimer & Co. Inc., Sumitomo Mitsui Trust Group Inc., and ARK Investment Management LLC, firms like Principal Financial Group Inc., and Crossmark Global Holdings Inc. have increased their stake. The company's stock has had a mixed performance, underperforming in the market some days but also outperforming its competitors on others. Notably, Garmin has been recognized for its innovation, particularly its home speaker lineup, JL Audio. The company has also announced industry accolades for this and been awarded the HTSA Innovation Award. Despite dips in the market, Garmin's shares have risen by 27%, seemingly indicating that the earnings aren't telling the whole story. The company revealed a considerable EPS beat and announced a dividend of $0.75. Analysts are projecting a bullish future considering a significant increase in third-quarter revenue and the success of the golf simulator product launch.

Garmin Ltd GRMN News Analytics from Wed, 01 May 2024 07:00:00 GMT to Fri, 15 Nov 2024 21:57:00 GMT - Rating 7 - Innovation 8 - Information 6 - Rumor -3

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