Garmin, formerly known as ProNav, is an American multinational technology company founded in 1989, with headquarters in Olathe, Kansas. The company specializes in GPS technology for automotive, aviation, marine, outdoor, and sport activities.
Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd.
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. • Navionics Inc. • Vesper Marine, Inc. • Garmin International, Inc. • Garmin North America, Inc. • Garmin USA, Inc. • Garmin Realty, LLC • Garmin Insurance Services, LLC • Garmin Services, Inc. • AeroNavData, Inc. ...
IRS number
980229227
GRMN stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Garmin announces third quarter 2022 results
26 Oct 22
10-Q
2022 Q3
Quarterly report
26 Oct 22
8-K
Garmin announces second quarter 2022 results
27 Jul 22
10-Q
2022 Q2
Quarterly report
27 Jul 22
8-K
Garmin shareholders approve quarterly dividend through March 2023
13 Jun 22
SD
Conflict minerals disclosure
27 May 22
8-K/A
Garmin announces first quarter 2022 results
27 Apr 22
DEFA14A
Additional proxy soliciting materials
27 Apr 22
8-K
Garmin announces first quarter 2022 results
27 Apr 22
10-Q
2022 Q1
Quarterly report
27 Apr 22
Transcripts
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
GRMN
Earnings call transcript
2021 Q2
28 Jul 21
GRMN
Earnings call transcript
2021 Q1
28 Apr 21
GRMN
Earnings call transcript
2020 Q4
17 Feb 21
GRMN
Earnings call transcript
2020 Q3
28 Oct 20
GRMN
Earnings call transcript
2020 Q2
29 Jul 20
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| 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) | 1.08 bn | 1.08 bn | 1.08 bn | 1.08 bn | 1.08 bn | 1.08 bn |
| Cash burn (monthly) | 1.69 mm | 46.40 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 7.32 mm | 200.57 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 1.08 bn | 882.48 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 635.0 | 19.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
49.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 577 |
| Opened positions | 54 |
| Closed positions | 111 |
| Increased positions | 256 |
| Reduced positions | 185 |
| 13F shares | Current |
|---|---|
| Total value | 7.65 bn |
| Total shares | 95.18 mm |
| Total puts | 590.40 k |
| Total calls | 462.01 k |
| Total put/call ratio | 1.3 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 17.79 mm | $1.43 bn |
| BLK Blackrock | 14.46 mm | $1.16 bn |
| Artisan Partners Limited Partnership | 6.92 mm | $555.96 mm |
| Geode Capital Management | 3.30 mm | $264.88 mm |
| First Trust Advisors | 2.50 mm | $200.90 mm |
| Boston Partners | 2.12 mm | $170.53 mm |
| Pictet Asset Management | 1.91 mm | $153.68 mm |
| JPM JPMorgan Chase & Co. | 1.75 mm | $140.73 mm |
| NTRS Northern Trust | 1.62 mm | $130.20 mm |
| Disciplined Growth Investors | 1.52 mm | $122.04 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 26 Jan 23 | Min H Kao | Registered Shares | Gift | Dispose G | Yes | No | 0 | 25,000 | 0.00 | 12,177,539 |
| 24 Jan 23 | Min H Kao | Registered Shares | Gift | Dispose G | Yes | No | 0 | 25,000 | 0.00 | 12,202,539 |
| 24 Jan 23 | Min H Kao | Registered Shares | Gift | Dispose G | Yes | No | 0 | 25,000 | 0.00 | 6,354,753 |
| 24 Jan 23 | Min H Kao | Registered Shares | Gift | Dispose G | Yes | No | 0 | 5,000 | 0.00 | 6,379,753 |
| 15 Dec 22 | Cheng-Wei Wang | Registered Shares | Grant | Acquire A | No | No | 0 | 2,865 | 0.00 | 49,385 |
| 15 Dec 22 | Andrew R Etkind | Registered Shares | Grant | Acquire A | No | No | 0 | 4,011 | 0.00 | 70,795 |
| 15 Dec 22 | Andrew R Etkind | Registered Shares | Payment of exercise | Dispose F | No | No | 92.72 | 915 | 84.84 k | 66,784 |
| 15 Dec 22 | Matthew Munn | Registered Shares | Grant | Acquire A | No | No | 0 | 3,723 | 0.00 | 14,483 |
| 15 Dec 22 | Matthew Munn | Registered Shares | Payment of exercise | Dispose F | No | No | 92.72 | 580 | 53.78 k | 10,760 |
| 15 Dec 22 | Matthew Munn | Registered Shares | Sell | Dispose S | No | No | 92.96 | 1,797 | 167.05 k | 11,340 |
News
Garmin Updates Fusion-Branded Apollo Series, Announces Apollo WB675 Marine Hideaway Stereo
31 Jan 23
Qualcomm Satellite Messaging Partnership Likely To Trigger Iridium's Revenue Stream, Analyst Says
6 Jan 23
Qualcomm Launching Snapdragon Satellite: What Investors Should Know About New Product
5 Jan 23
Benzinga's Top Ratings Upgrades, Downgrades For November 9, 2022
9 Nov 22
Barclays Initiates Coverage On Garmin with Equal-Weight Rating, Announces Price Target of $97
9 Nov 22
Press releases
Get a perfect look around the clock with vívomove Trend from Garmin
1 Feb 23
Garmin releases 4-zone compact stereo for boat lovers who value a premium audio experience and dash space
31 Jan 23
Understand your body better with the new ECG App from Garmin
24 Jan 23
Garmin Ltd. schedules fourth quarter 2022 earnings call
23 Jan 23
Garmin expands popular ECHOMAP UHD2 chartplotter series with new features and touchscreen design to help take your fishing to the next level
11 Jan 23