Garmin (GRMN)

• Market cap: $40.1B
• 1 day: 1.74%
• 5 days: -2.93%
• 1 month: 1.65%
• 3 months: 22.22%
• 6 months: 30.65%
• Year to date: 65.13%
• 1 year: 65.80%
• 5 years: 111.79%
• 10 years: 293.28%
• Sector: Industrials
• Industry: Search, Detection, Navigation, Guidance, Aeronautical Systems

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: 19,900

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

7% more capital invested

Capital invested by funds: $17.5B [Q2] → $18.6B (+$1.14B) [Q3]

7% more call options, than puts

Call options by funds: $141M | Put options by funds: $131M

5% more repeat investments, than reductions

Existing positions increased: 299 | Existing positions reduced: 285

0.71% less ownership

Funds ownership: 55.78% [Q2] → 55.07% (-0.71%) [Q3]

1% less funds holding

Funds holding: 804 [Q2] → 796 (-8) [Q3]

9% less first-time investments, than exits

New positions opened: 81 | Existing positions closed: 89

22% less funds holding in top 10

Funds holding in top 10: 9 [Q2] → 7 (-2) [Q3]

Research analyst outlook

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

• Low target: $158 24% downside
• Avg. target: $212 1% upside
• High target: $265 27% upside

2 analyst ratings

• positive: 1 50%
• neutral: 0 0%
• negative: 1 50%

Tigress Financial Ivan Feinseth 72% 1-year accuracy 53 / 74 met price target	27% upside $265	Strong Buy Maintained	16 Dec 2024
Barclays George Wang 56% 1-year accuracy 9 / 16 met price target	24% downside $158	Underweight Maintained	1 Nov 2024