Garmin Rises as Product Launches and Aviation Milestone Boost Sentiment

Garmin Ltd. (GRMN) is up 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The gain appears tied mainly to two fresh company announcements released on October 13, 2026: a new premium MARQ smartwatch lineup and a milestone delivery in Garmin’s aviation retrofit business. Investor sentiment may also be getting support from strong momentum heading into the company’s next earnings report after record second-quarter results earlier this summer.

Details:

Garmin introduced the third-generation MARQ collection, a six-watch luxury lineup with larger AMOLED displays, added navigation features, built-in communication tools, and starting prices of $2,500.

The company also announced its 1,000th King Air G1000 retrofit, with the milestone aircraft delivered to the U.S. Army; Garmin said more than 40 C-12 Huron aircraft have already been upgraded with G1000 NXi avionics.

In its July 29 second-quarter release, Garmin reported record revenue of about $2.02 billion, record operating income of $616 million, and said it raised full-year guidance.

Garmin has scheduled its third-quarter 2026 earnings release and conference call for October 28, which may be adding to investor focus as traders look for another solid update.

Sources:

Garmin Newsroom, Garmin Investor Relations, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$GRMN Insider Trading Activity

$GRMN insiders have traded $GRMN stock on the open market 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 have been sales.

Here’s a breakdown of recent trading of $GRMN stock by insiders over the last 6 months:

CHENG-WEI WANG (General Manager - Garmin Corp.) has made 0 purchases and 7 sales selling 9,941 shares for an estimated $2,975,982.
CLIFTON A PEMBLE (President and CEO) sold 4,029 shares for an estimated $1,208,700
DOUGLAS G. BOESSEN (CFO and Treasurer) has made 0 purchases and 4 sales selling 2,000 shares for an estimated $475,812.
JOSHUA H MAXFIELD (VP, General Counsel) has made 0 purchases and 3 sales selling 1,152 shares for an estimated $335,385.
SEAN BIDDLECOMBE (Managing Director, EMEA) sold 986 shares for an estimated $288,779
JOSEPH J HARTNETT sold 643 shares for an estimated $169,475

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$GRMN Hedge Fund Activity

We have seen 485 institutional investors add shares of $GRMN stock to their portfolio, and 434 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,386,208 shares (-99.3%) from their portfolio in Q2 2026, for an estimated $329,279,848
FMR LLC added 1,240,940 shares (+57.7%) to their portfolio in Q2 2026, for an estimated $294,772,887
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,034,210 shares (+inf%) to their portfolio in Q2 2026, for an estimated $245,666,243
JPMORGAN CHASE & CO added 682,844 shares (+inf%) to their portfolio in Q2 2026, for an estimated $162,202,763
BLACKROCK, INC. removed 615,543 shares (-4.0%) from their portfolio in Q2 2026, for an estimated $146,216,084
GEODE CAPITAL MANAGEMENT, LLC added 605,504 shares (+13.8%) to their portfolio in Q2 2026, for an estimated $143,831,420
NEUBERGER BERMAN GROUP LLC added 529,704 shares (+4453.2%) to their portfolio in Q2 2026, for an estimated $125,825,888

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$GRMN Analyst Ratings

Wall Street analysts have issued reports on $GRMN in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Tigress Financial issued a "Strong Buy" rating on 05/20/2026

To track analyst ratings and price targets for $GRMN, check out Quiver Quantitative's $GRMN forecast page.

$GRMN Price Targets

Multiple analysts have issued price targets for $GRMN recently. We have seen 2 analysts offer price targets for $GRMN in the last 6 months, with a median target of $281.5.

Here are some recent targets:

Ivan Feinseth from Tigress Financial set a target price of $325.0 on 05/20/2026
Tim Long from Barclays set a target price of $238.0 on 04/30/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.