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Garmin LTD (NASDAQ:GRMN), the $41.28 billion market cap technology company with impressive gross profit margins of 58.6%, saw its CFO and Treasurer Douglas G. Boessen sell 1,859 shares of the company’s stock on July 3, 2025, at a price of $215.0, totaling $399,685. According to InvestingPro analysis, the stock is currently trading above its Fair Value, with strong financial health metrics earning a "GREAT" rating.
The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. Following the sale, Boessen directly owns 29,146 shares, which includes 17,947 unvested shares acquired pursuant to previously granted restricted stock unit awards and 69 shares acquired in June 2025 under the Garmin Ltd (NYSE:GRMN). Employee Stock Purchase Plan. The company has maintained dividend payments for 23 consecutive years and has raised its dividend for 8 straight years, demonstrating strong shareholder returns.
The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Boessen on March 3, 2025. For deeper insights into insider trading patterns and 13 additional key investment tips for Garmin, visit InvestingPro, where you’ll find comprehensive analysis in our Pro Research Report.
In other recent news, Garmin reported its first quarter earnings with adjusted earnings per share of $1.61, which fell short of the analyst consensus of $1.64. However, revenue for the quarter came in at $1.54 billion, surpassing expectations of $1.51 billion and marking an 11% year-over-year growth. Despite the earnings miss, Garmin maintained its full-year EPS guidance at $7.80, although this is below the $7.92 expected by Wall Street. The company forecasts full-year revenue to reach $6.85 billion, slightly ahead of the $6.83 billion consensus estimate.
In another development, Garmin announced a cash dividend of $3.60 per share for the year, payable in four equal installments. The first installment is scheduled for June 27, 2025, with subsequent payments in September, December, and March. Additionally, Garmin introduced its G5000 PRIME integrated flight deck for Part 25 transport aircraft, featuring expanded display options and enhanced safety features. The new system includes advanced connectivity capabilities and is optimized for crewed operations. These recent developments reflect Garmin’s ongoing efforts to innovate and meet investor expectations.
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