Garmin Ltd. (GRMN)

Garmin reported quarterly earnings with an EPS of $2.17, surpassing estimates, and revenue of $1.81 billion, a 20.4% year-over-year increase. Several analysts updated their price targets for Garmin, with varying ratings. The stock reached an all-time high of $261.69 on October 9, 2025. Insider Cheng-Wei Wang sold 10,202 shares of Garmin stock for approximately $2.37 million. Garmin announced a collaboration with Truemed, enabling eligible customers to use pre-tax HSA/FSA funds for Garmin products. Garmin unveiled the GPSMAP 9000xsv series of chartplotters. Strava reportedly pulled its lawsuit against Garmin.

Demand for Garmin Ltd.'s products and services is influenced by consumer spending cycles and seasonality. The accelerating adoption of digital health and fitness tracking, coupled with strong demand for smartwatches, is a significant driver of revenue and market share growth for Garmin. Consumer electronics and outdoor activity products often see increased demand during holiday seasons and warmer months, respectively. The company's global diversification and expansion into emerging markets also help to capture growing demand for GPS technology and wearable devices.

Garmin Ltd. is a multinational technology company specializing in navigation and communication products and services, primarily leveraging advanced Global Positioning System (GPS) technology. The company operates within the broader technology sector, specifically in electronic technology, scientific & technical instruments, and telecommunications equipment industries, with a focus on search, detection, navigation, guidance, and aeronautical systems. Garmin's product portfolio includes fitness devices and platforms, outdoor handheld and adventure devices, aviation avionics systems, marine electronics, and auto OEM and consumer auto solutions.

Garmin Ltd. maintains a significant global presence, with operations in over 35 countries and products distributed worldwide. Its principal subsidiaries are located in the United States, Taiwan, and the United Kingdom. The company's business is primarily focused on North America and Europe, and it is actively expanding its global footprint, particularly in emerging economies where GPS technology adoption is increasing.

Garmin has maintained a strong brand reputation over the past year due to its consistent innovation and market position. Garmin was recognized as the Manufacturer of the Year by the National Marine Electronics Association (NMEA) for the eleventh consecutive year. The partnership with Truemed is likely to enhance its reputation by improving accessibility to its health and fitness offerings. The continuous introduction of advanced products, such as the GPSMAP 9000xsv series, further solidifies its image. The news of Strava dropping its patent suit against Garmin also contributes positively to its brand perception.

Institutional investors and hedge funds hold a significant portion of Garmin Ltd.'s stock, owning 81.60% of the company's shares, with an institutional holding percentage of 56.10%. Corporate insiders own 19.54% of the stock. Recent modifications in holdings by institutional investors include Chicago Partners Investment Group LLC, Groupe la Francaise, TFC Financial Management Inc., Wayfinding Financial LLC, Zions Bancorporation National Association UT, Convergence Investment Partners LLC, SOA Wealth Advisors LLC, Curbstone Financial Management Corp, MassMutual Private Wealth & Trust FSB, Arrow Investment Advisors LLC, Brighton Jones LLC, and Sumitomo Mitsui Trust Group Inc.