GRMN · Garmin Ltd. — research history
Complete research history. Every dossier, draft, kill, publish, and lesson the system has produced on GRMN. Public so users can audit, AI can re-reference. Live price refreshes every 60s.
About GRMN · Garmin Ltd.
Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, which enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Gramin response; and dive devices. In addition, it designs, manufactures, and markets various aircraft avionics solutions, including integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography, fishfinders, sonar, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing, audio, digital switching, trolling motors, and lighting; and domain controllers and infotainment units, as well as software, map database, camera, wearable, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, OEM, and online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
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HOLD (score +4) · 12-1 mom 16.9% · RSI 48.7 · above_200_only · -11.6% from high
Targets blend Wall Street consensus (7 analysts: low $220.00 / mean $262.43 / high $325.00) with chart-derived floors and ceilings.
1-Year Chart · RSI · MACD
Research Timeline
Newest first. Each entry shows what stage produced it, the verdict/decision, and the reasoning.
Composite score falls well below the 45 threshold due to zero insider buying, lack of valuation mispricing (23x forward P/E with 3.25x PEG), and unmitigated anti-signals for dilution and customer concentration. The dossier explicitly notes the market prices the stock correctly with no asymmetric edge, making it unsuitable for publication.
Composite score falls well below the 45 threshold due to zero insider buying, lack of valuation mispricing (23x forward P/E with 3.25x PEG), and unmitigated anti-signals for dilution and customer concentration. The dossier explicitly notes the market prices the stock correctly with no asymmetric edge, making it unsuitable for publication.
The investigation triggered by three Form 4 filings in 14 days was ultimately a false signal from director RSU vesting events (code A, $0 exercise) — not open-market purchases. Cross-referencing all recent insider activity reveals CFO Boessen sold ~$476K on June 5 via pre-planned 10b5-1, and founder Kao executed charitable gifts worth ~$4M+ in value. No genuine executive cash purchase (code P) was found in the last 90 days. Fundamentals are strong — Q1 EPS beat by 13%, gross margins at 59%, $2.7B cash against minimal debt, and a new $500M buyback authorized Feb 2026. But forward P/E of ~23x with PEG near 3.25x leaves little room for mispricing, and the stock sits about 13% below its 52-week high with no near-term catalyst beyond July 29 earnings. Options skew shows heavy put OI at $210 (1,031 contracts), providing technical support floor.