Garmin (GRMN)

• Market cap: $36.7B
• 1 day: 0.87%
• 5 days: 2.79%
• 1 month: -10.28%
• 3 months: -11.63%
• 6 months: 14.47%
• Year to date: -6.81%
• 1 year: 35.12%
• 5 years: 132.14%
• 10 years: 308.42%
• Sector: Technology
• Industry: Scientific & Technical Instruments

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, among many others. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.

Employees: 21,800

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

192% more first-time investments, than exits

New positions opened: 152 | Existing positions closed: 52

57% more funds holding in top 10

Funds holding in top 10: 7 [Q3] → 11 (+4) [Q4]

19% more capital invested

Capital invested by funds: $18.6B [Q3] → $22B (+$3.49B) [Q4]

11% more funds holding

Funds holding: 800 [Q3] → 886 (+86) [Q4]

4% more repeat investments, than reductions

Existing positions increased: 310 | Existing positions reduced: 298

0.75% more ownership

Funds ownership: 54.97% [Q3] → 55.72% (+0.75%) [Q4]

10% less call options, than puts

Call options by funds: $159M | Put options by funds: $176M

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $188 1% downside
• Avg. target: $231 21% upside
• High target: $285 50% upside

3 analyst ratings

• positive: 1 33%
• neutral: 1 33%
• negative: 1 33%

JP Morgan Joseph Cardoso 100% 1-year accuracy 3 / 3 met price target	15% upside $220	Neutral Maintained	17 Apr 2025
Tigress Financial Ivan Feinseth 45% 1-year accuracy 30 / 66 met price target	50% upside $285	Strong Buy Maintained	26 Feb 2025
Barclays George Wang 33% 1-year accuracy 6 / 18 met price target	1% downside $188	Underweight Maintained	20 Feb 2025