GarminGRMN
Market Cap: 34.2B
About: Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.
Employees: 19,900
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
33% more funds holding in top 10
Funds holding in top 10: 6 [Q4 2023] → 8 (+2) [Q1 2024]
18% more capital invested
Capital invested by funds: $13.2B [Q4 2023] → $15.5B (+$2.36B) [Q1 2024]
15% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 79
2% more funds holding
Funds holding: 719 [Q4 2023] → 731 (+12) [Q1 2024]
0.97% more ownership
Funds ownership: 53.65% [Q4 2023] → 54.61% (+0.97%) [Q1 2024]
5% less repeat investments, than reductions
Existing positions increased: 259 | Existing positions reduced: 273
15% less call options, than puts
Call options by funds: $113M | Put options by funds: $132M
Research analyst outlook
8 Wall Street Analysts provided 1 year price forecasts over the past 6 months
8 analyst ratings
B of A Securities Ronald Epstein | 16%downside $150 | Underperform Downgraded | 22 May 2024 |
Tigress Financial Ivan Feinseth | 18%upside $210 | Strong Buy Maintained | 14 May 2024 |
JP Morgan Joseph Cardoso | 2%downside $175 | Neutral Maintained | 2 May 2024 |
Barclays George Wang | 7%downside $166 | Equal-Weight Maintained | 2 May 2024 |
JP Morgan Joseph Cardoso | 13%downside $155 | Neutral Maintained | 11 Apr 2024 |
Financial journalist opinion
Based on 21 articles about GRMN published over the past 30 days