Lobbying Update: $190,000 of GARMIN INTERNATIONAL INC. lobbying was just disclosed

$190,000 of GARMIN INTERNATIONAL INC. lobbying was just disclosed, from Q4 of 2024, in a new Lobbying Disclosure Act filing.

This included lobbying on issues like:

"Issues related to Limitations of Benefits in the US-Taiwan Expedited Double Taxation Relief Act (H.R. 5988) Issues related to multiple tax provisions in the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) Issues related to the Base Erosion & Anti Abuse Tax and other International Tax provisions in the Tax Cuts and Jobs Act (PL 115-97)
Issues related to Data Privacy, Spectrum & Consumer Products Issues related to Right to Repair, Intellectual Property, Consumer Protection, cyber security and trade secrets for consumer electronics
Issues Related to implementation of Section 625 Workforce grant programs in the Securing Growth and Robust Leadership in American Aviation Act (H.R. 3935)
Issues related to Patents, International Trade Commission Issues related to ITC Section 337 Investigations in the Advancing American Interests Act (H.R. 3535) Issues related to scope and applicability of provisions in the Patent Eligibility Restoration Act (S. 2140) Issues related to scope and applicability of provisions in the The Promoting and Respecting Economically Vital American Innovation Leadership Act (S. 2220)
Issues related to proposed amendments to North Atlantic Right Whale Vessel Strike Reduction Rule NOAA-NMFS-2022-0022 Issues related to the Protecting Whales, Human Safety and Economy Act (H.R. 4323) and (S. 1833) Issues related to single day dive boats in section 11503 of the 2023 National Defense Authorization Act (P.L. 117-263)
Issues related to ITC Section 337 in Commerce, Justice, Science and Related Agencies Appropriations Act for FY '25 (H.R. 9026) Issues related to proposed amendments to North Atlantic Right Whale Vessel Strike Reduction Rule in Commerce, Justice, Science and Related Agencies Appropriations Act of FY '25 (H.R. 9026) Issues related to a supply chain fraud and theft task force under the Department of Homeland Security in the FY '25 House Homeland Security Appropriations Act (H.R. 8752) and FY '25 Senate Homeland Security Appropriations Act
Issues related to Global Navigation Satellite Systems (GNSS) Issues related to GNSS and alternative Precision, Navigation and Timing (PNT) Systems Issues related to spectrum compatibility and aviation under the Spectrum and National Security Act (S. 4207)
Issues related to cargo and supply chain theft and fraud and related inter-agency government task force at Department of Homeland Security in the Safeguarding Our Supply Chains Act (H.R. 8834)"

You can find more data on corporate lobbying on Quiver Quantitative.

GRMN Insider Trading Activity

GRMN insiders have traded $GRMN stock on the open market 16 times in the past 6 months. Of those trades, 0 have been purchases and 16 have been sales.

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

• CLIFTON A PEMBLE (President and CEO) has made 0 purchases and 5 sales selling 10,162 shares for an estimated $2,200,870.
• CHENG-WEI WANG (General Manager - Garmin Corp.) sold 10,055 shares for an estimated $1,781,303
• DOUGLAS G. BOESSEN (CFO and Treasurer) has made 0 purchases and 7 sales selling 2,655 shares for an estimated $559,932.
• PHILIP STRAUB (EVP, Man. Director - Aviation) sold 2,750 shares for an estimated $499,022
• SEAN BIDDLECOMBE (Managing Director, EMEA) sold 587 shares for an estimated $123,327
• LAURIE A MINARD (VP, Human Resources) sold 87 shares for an estimated $15,815

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

GRMN Hedge Fund Activity

We have seen 367 institutional investors add shares of GRMN stock to their portfolio, and 367 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• FMR LLC added 1,093,219 shares (+40.8%) to their portfolio in Q3 2024, for an estimated $192,439,340
• ARTISAN PARTNERS LIMITED PARTNERSHIP removed 818,161 shares (-11.3%) from their portfolio in Q3 2024, for an estimated $144,020,880
• BLACKROCK, INC. added 742,674 shares (+5.3%) to their portfolio in Q3 2024, for an estimated $130,732,904
• BOSTON PARTNERS removed 594,370 shares (-42.3%) from their portfolio in Q3 2024, for an estimated $104,626,951
• SELECT EQUITY GROUP, L.P. removed 482,685 shares (-24.1%) from their portfolio in Q3 2024, for an estimated $84,967,040
• INVESCO LTD. added 471,058 shares (+43.3%) to their portfolio in Q3 2024, for an estimated $82,920,339
• ALLIANZ ASSET MANAGEMENT GMBH added 363,736 shares (+246.8%) to their portfolio in Q3 2024, for an estimated $64,028,448

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.