Garmin (GRMN) closed the latest trading day at $215.73, indicating a -0.89% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.67%. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq gained 0.98%.The the stock of maker of personal navigation devices has risen by 4.07% in the past month, leading the Computer and Technology sector's loss of 0.79% and the S&P 500's gain of 2.07%.Investors will be eagerly watching for the performance of Garmin ...

First-of-its-kind HRM-Fit heart rate monitor for women lands Garmin among the top companies that are revolutionizing the health, fitness and wellness industryOLATHE, Kan., Feb. 6, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) has been recognized as one of the Most Innovative Fitness and Wellness Companies of 2025 by Athletech News. The award honors brands worldwide whose products, services and solutions are changing the health, fitness and wellness industry. Garmin earned the accolade for its innovative HRM- ...

Simplify life on the road and control functions throughout the RV using a sleek touchscreen display or completely hands-free with voice commandsOLATHE, Kan., Feb. 4, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced SERV+™ —the ultimate control panel for travelers who want a smart RV experience with a sleek, modern touchscreen display. Serving as command central for the RV, drivers and passengers can easily control onboard entertainment, monitor security camera feeds, change the temperature settings ...

Garmin (GRMN) , a global leader in wearable technology and GPS navigation, has been on a remarkable run with its consecutive product innovations, the latest being the Approach S44 and Approach S50 smartwatches that have a slim, light design and crucial features for golfers trying to improve their game.The new smartwatches are equipped with sharp 1.2-inch color AMOLED screens and come with preloaded maps of more than 43,000 golf courses and important golf functions like hazard view and distance to the front, ...

First-of-its-kind device offers distances to the green on a high-contrast screen and a solar-poweredbattery, allowing you to play round after round without chargingOLATHE, Kan., Jan. 21, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the Approach® G20 Solar, the first solar-powered GPS golf handheld that provides unlimited battery life when used in sunny conditions1. While on the course, golfers can see yardage to the front, middle and back of the green and plan their approach using the 2.2-inch h ...

Garmin (GRMN) has been successful in significant strides while demonstrating its ability to expand its market presence and capitalize on growing demand for its products.In a move to bolster its market reach, Garmin announced the availability of its ECG App in the Australian and European Union (EU) markets. The ECG App is now accessible and compatible with Garmin smartwatches, including Venu 3 Series, fenix 8 Series and more.The ECG app uses sensors on the user’s compatible smartwatch to record their heart r ...

Intuitive marine control panel adds an LED-backlit knob and button activation for more precise control in all sea conditionsOLATHE, Kan., Jan. 16, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced the new APK™ 10 Autopilot Keypad designed to give mariners more precise control of their Reactor™ 40 autopilot. The keypad features an LED-encircled rotary knob that allows for specific heading control, along with two autopilot but ...

Core Message - Garmin has launched an ECG App for compatible smartwatches in Australia and the European Union, enabling users to record heart rhythms and detect signs of atrial fibrillation (AFib) [1][2][3] Product Features - The ECG App allows users to record a 30-second ECG and view results immediately on the watch or via the Garmin Connect smartphone app [1] - The app uses sensors on compatible Garmin smartwatches to record electrical signals and analyze them for AFib signs [3] - Users can sync ECG results to Garmin Connect, view historical data, and create reports to share with healthcare providers [3] Regulatory and Availability - The ECG App is classified as a Class IIa medical device under the EU Medical Device Regulation (MDR) (EU) 2017/745 [6] - It is currently available in Australia and the European Union, with plans to expand to other regions pending regulatory approvals [4] - The app is compatible with select Garmin smartwatches, including the Venu 3 Series and fēnix 8 Series [1][6] Company Strategy - Garmin aims to continue expanding its portfolio of products supporting the ECG App and launching it in new regions [4] - The company emphasizes innovation in health and wellness, focusing on developing tools that help users lead healthier lives [5] Product Limitations - The ECG App is intended for adults aged 22 and over and is not a replacement for traditional diagnosis or treatment methods [6] - Users experiencing symptoms of serious cardiovascular conditions are advised to consult a doctor rather than relying solely on the device [6]

Core Viewpoint - Garmin Ltd. is set to hold its fourth quarter 2024 earnings conference call on February 19, 2025, at 10:30 a.m. EDT, which will be accompanied by the earnings release prior to market opening on the same day [1]. Group 1 - The earnings call will be accessible via a live webcast, with an archive available until February 18, 2026 [1]. - Participants in the U.S. and Canada can join the call by phone, with a recommendation to dial in 10 minutes early [2]. - Garmin Ltd. is committed to innovation in technology that enhances performance for athletes and active individuals [2]. Group 2 - Garmin Ltd. is incorporated in Switzerland, with principal subsidiaries located in the United States, Taiwan, and the United Kingdom [2]. - The company emphasizes its dedication to developing products that revolutionize the experience for runners, cyclists, swimmers, and athletes of all levels [2]. - Investor and media contacts are provided for further inquiries [3].

Macroeconomic Challenges - Challenging macroeconomic conditions globally, with enterprises reluctant to commit to multi-year deals due to persistent inflation and unfavorable forex trends [1] - High levels of distributor inventories and steep interest rates further exacerbate the industry's struggles [4] Industry Valuation and Performance - The industry is currently trading at a forward 12-month P/E of 13.11X, compared to the S&P 500's 21.78X and the sector's 26.62X [3] - Over the last five years, the industry has traded as high as 22.49X and as low as 10.92X, with a median of 16.52X [3] - The industry has declined 29% in the past year, underperforming the S&P 500's 23% return and the broader sector's 30.4% appreciation [8] Industry Description and Trends - The industry includes manufacturers of air-conditioning systems, green energy solutions, GPS navigation, home automation, healthcare devices, robotics, and semiconductor applications [5] - Digital transformation and growing demand for silicon are key drivers, with increasing manufacturing costs benefiting equipment suppliers [5] - Solid capital spending, particularly in semiconductor manufacturing capacity expansion, is a long-term catalyst despite near-term macroeconomic challenges [6] - Rising spending on advanced nodes (7 nm, 5 nm, and 3 nm processes) from logic and foundry customers favors industry participants [6] Emerging Markets and Growth Drivers - Strong demand for wearables, AR, and VR-supported display systems in defense, industrial, consumer, and healthcare markets is driving growth [15] - The adoption of AR and VR is increasing due to the growing proliferation of the metaverse [15] Industry Ranking and Earnings Outlook - The industry carries a Zacks Industry Rank 160, placing it in the bottom 36% of over 250 Zacks industries [7] - Earnings estimates for the industry have declined by 11.4% since July 31, 2024, reflecting analyst pessimism about earnings growth potential [16] Key Companies and Performance - Garmin (GRMN) is benefiting from strong momentum in the Fitness and Auto OEM segments, with shares up 68.9% in a year [18][19] - Greenland Technologies (GTEC) is benefiting from the launch of its all-electric vehicle model H65L, despite shares losing 43.7% in a year [11] - Kopin (KOPN) is seeing an expanding order book and new product launches, though shares have fallen 45.6% in a year [13] Future Growth Catalysts - Fab expansion in the United States, South Korea, Taiwan, and China, along with higher spending on memory equipment, is expected to drive growth in 2025 and beyond [4] - Continued investments in data centers, high-performance computing, and 5G end markets are key catalysts for the industry [4]