where do we start? how about kansas city? that’s our home. that’s where garmin put a stake in the ground in 1989. we’ve grown substantially over the years, offering diverse products and global reach in 5 diverse markets. but some things won’t ever change: our entrepreneurial spirit and a culture where everyone’s opinion matters. that’s because we believe it’s possible to light the tech world on fire and still be on a first name basis. big ideas, small egos what we do best is make products that let our customers do what they love. to do that, we focus on practical innovation, never losing sight of the benefits our products bring to our customers. sure, we love bells and whistles. what leading technology company doesn't? but we make sure ours have purpose. it’s not about the things we make. it’s about the things we make possible. we’re global, seriously. yeah, we’re based in kansas city, but we are truly a global company. with offices throughout europe, asia, middle east, south america a
Company profile
Ticker
GRMN
Exchange
Website
CEO
Clifton Pemble
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
AeroData, Inc. • Garmin International, Inc. • Garmin USA, Inc. • Garmin Realty, LLC • Garmin Insurance Services, LLC • Garmin Services, Inc. • AeroNavData, Inc. • Garmin AT, Inc. • Garmin Australasia Pty Ltd. • Garmin Austria GmbH ...
IRS number
980229227
GRMN stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
8 Apr 24
8-K
Departure of Directors or Certain Officers
8 Apr 24
8-K
Garmin announces fourth quarter and fiscal year 2023 results
21 Feb 24
10-K
2023 FY
Annual report
21 Feb 24
10-Q
2023 Q3
Quarterly report
1 Nov 23
8-K
Garmin announces third quarter 2023 results
1 Nov 23
10-Q
2023 Q2
Quarterly report
2 Aug 23
8-K
Garmin announces second quarter 2023 results
2 Aug 23
S-8
Registration of securities for employees
16 Jun 23
S-8
Registration of securities for employees
16 Jun 23
Transcripts
GRMN
Earnings call transcript
2023 Q4
21 Feb 24
GRMN
Earnings call transcript
2023 Q3
1 Nov 23
GRMN
Earnings call transcript
2023 Q2
2 Aug 23
GRMN
Earnings call transcript
2023 Q1
3 May 23
GRMN
Earnings call transcript
2022 Q4
22 Feb 23
GRMN
Earnings call transcript
2022 Q3
26 Oct 22
GRMN
Earnings call transcript
2022 Q2
27 Jul 22
GRMN
Earnings call transcript
2022 Q1
27 Apr 22
GRMN
Earnings call transcript
2021 Q4
16 Feb 22
GRMN
Earnings call transcript
2021 Q3
27 Oct 21
Latest ownership filings
4/A
Philip Straub
4 Apr 24
4
JONATHAN BURRELL
18 Mar 24
4
JONATHAN BURRELL
15 Mar 24
144
Notice of proposed sale of securities
15 Mar 24
144
Notice of proposed sale of securities
14 Mar 24
144
Notice of proposed sale of securities
13 Mar 24
4
JONATHAN BURRELL
13 Mar 24
144
Notice of proposed sale of securities
12 Mar 24
144
Notice of proposed sale of securities
11 Mar 24
4
JONATHAN BURRELL
8 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jul 23 | Apr 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.42 bn | 1.42 bn | 1.42 bn | 1.42 bn | 1.42 bn | 1.42 bn |
Cash burn (monthly) | 891.67 k | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 5.94 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 1.42 bn | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 1589.8 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
53.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 642 |
Opened positions | 70 |
Closed positions | 64 |
Increased positions | 252 |
Reduced positions | 208 |
13F shares | Current |
---|---|
Total value | 10.72 tn |
Total shares | 101.90 mm |
Total puts | 516.78 k |
Total calls | 608.29 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 17.86 mm | $1.88 tn |
BLK Blackrock | 15.50 mm | $1.63 tn |
Artisan Partners Limited Partnership | 7.25 mm | $762.37 bn |
STT State Street | 6.20 mm | $652.28 bn |
Geode Capital Management | 3.96 mm | $416.10 bn |
First Trust Advisors | 2.52 mm | $264.73 bn |
JPM JPMorgan Chase & Co. | 2.36 mm | $248.00 bn |
Select Equity | 2.18 mm | $229.69 bn |
BK Bank Of New York Mellon | 1.95 mm | $205.60 bn |
MS Morgan Stanley | 1.71 mm | $179.66 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Mar 24 | Jonathan Burrell | Registered Shares | Gift | Acquire G | Yes | No | 0 | 15,200 | 0.00 | 639,034 |
18 Mar 24 | Jonathan Burrell | Registered Shares | Gift | Dispose G | Yes | No | 0 | 45,600 | 0.00 | 7,849,847 |
15 Mar 24 | Jonathan Burrell | Registered Shares | Gift | Dispose G | Yes | No | 0 | 694,000 | 0.00 | 1,700 |
15 Mar 24 | Jonathan Burrell | Registered Shares | Gift | Acquire G | Yes | No | 0 | 694,000 | 0.00 | 7,895,447 |
15 Mar 24 | Jonathan Burrell | Registered Shares | Sell | Dispose S | Yes | Yes | 146.1521 | 15,000 | 2.19 mm | 623,834 |
14 Mar 24 | Jonathan Burrell | Registered Shares | Gift | Acquire G | Yes | No | 0 | 321,500 | 0.00 | 695,700 |
14 Mar 24 | Jonathan Burrell | Registered Shares | Gift | Dispose G | Yes | No | 0 | 321,500 | 0.00 | 7,201,447 |
14 Mar 24 | Jonathan Burrell | Registered Shares | Sell | Dispose S | Yes | Yes | 147.4856 | 15,000 | 2.21 mm | 638,834 |
13 Mar 24 | Jonathan Burrell | Registered Shares | Sell | Dispose S | Yes | Yes | 148.8893 | 15,000 | 2.23 mm | 653,834 |
13 Mar 24 | Jonathan Burrell | Registered Shares | Gift | Dispose G | Yes | No | 0 | 694,000 | 0.00 | 374,200 |
News
Citron Research Posts On X "Look At The Woodman Discount. $GRMN Vs $GPRO EV/Sales. And Yes, Shareholders Still Pay For His Plane"
17 Apr 24
Citron Research Posts On X "$GPRO Shareholders Consider This. If $GRMN Bought $GRPO For $4.50 A Share (A Deal Everyone Has Been Waiting For) GRMN Would Add 20% To Their Top Line By Spending 2% Of The Market Cap...But This Is The Person Standing In The Way. Disgusting"
17 Apr 24
Garmin Expands Avionics Database Solutions for Europe
15 Apr 24
JP Morgan Maintains Neutral on Garmin, Raises Price Target to $155
11 Apr 24
Shopify To Rally Around 12%? Here Are 10 Top Analyst Forecasts For Wednesday
3 Apr 24
Press releases
Garmin expands avionics database solutions for Europe
15 Apr 24
Garmin announces General Counsel transition
8 Apr 24
Garmin Ltd. schedules first quarter 2024 earnings call
27 Mar 24
Garmin pro Justin Hamner wins the 2024 Bassmaster Classic championship
26 Mar 24
Garmin unveils complete avionics modernization program for Cessna Citation CJ2
19 Mar 24