Sumitomo Mitsui Trust Holdings, Reduces Stake in GARMIN LTD
January 7, 2023
Trending News ☀️
GARMIN LTD ($NYSE:GRMN) (NASDAQ: GRMN) is a global leader in navigation, communication, and information devices and applications for people who live an active lifestyle. The company’s products include GPS receivers, navigational software, and integrated electronic mapping, as well as automotive, aviation, marine, outdoor recreational, and fitness products. The company’s stock has been volatile recently due to the ongoing pandemic. GARMIN LTD has also been able to maintain its earnings growth despite the current market conditions.
The company’s fundamentals remain strong and its products are still in demand despite the current market conditions. Investors should keep an eye on GARMIN LTD and its performance in the coming months as it continues to navigate through the pandemic.
Market Price
Despite this news, the stock of GARMIN LTD opened at $93.0 and closed at $93.6 on Tuesday, with a positive growth of 1.4% from its last closing price of 92.3. Analysts believe that GARMIN LTD will continue to experience significant growth in the coming months, due to their innovative products and services that have made them a market leader. The company’s upcoming product launches and strategic partnerships have also been a source of optimism. GARMIN LTD has recently announced collaborations with several renowned partners in the industry, which are expected to further strengthen their position in the market. GARMIN LTD’s products are being used by millions of consumers around the world and they have become renowned for their reliability and accuracy. The company’s continuous efforts to upgrade their products with cutting-edge technology have enabled them to stay ahead of their competitors.
Additionally, GARMIN LTD’s commitment to customer satisfaction has been well-received by consumers, making them one of the most trusted brands in the industry. With the stock remaining strong despite Sumitomo Mitsui Trust Holdings, Inc.’s reduction in stake, GARMIN LTD seems to be on its way to further success in the coming months. The company’s innovative products, strategic partnerships, and customer-centric approach have been key factors driving its growth and are likely to continue doing so in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Garmin Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 4.95k | 966.45 | 20.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Garmin Ltd. More…
| Operations | Investing | Financing |
| 588.56 | -482.81 | -620.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Garmin Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.63k | 1.75k | 30.59 |
Key Ratios Snapshot
Some of the financial key ratios for Garmin Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.3% | 6.5% | 21.8% |
| FCF Margin | ROE | ROA |
| 5.7% | 11.5% | 8.8% |
VI Analysis
GARMIN LTD is a strong company with a high health score of 10/10 in terms of cashflows and debt. It is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth but is still financially healthy. Investors who are interested in such a company will likely look for companies that are strong in asset, dividend, profitability, and medium in growth. The VI Star Chart provides an easy way to understand the fundamentals of the company and assess its long-term potential. The chart shows that GARMIN LTD has a strong balance sheet and is able to weather any crisis without the risk of bankruptcy. Its moderate growth rate indicates that it is able to achieve consistent growth over time. The company’s dividend policy is also attractive to investors as it pays out a portion of its earnings to shareholders on a regular basis. This provides investors with a steady stream of income and helps to create long-term value. Furthermore, its profitability metrics are strong, indicating good management and efficient operations. Overall, GARMIN LTD is a company that many investors may be interested in due to its financial health, moderate growth rate, and attractive dividend policy. The VI Star Chart provides an easy way to assess the company fundamentals and evaluate its long-term potential. By understanding the company’s financials and prospects, investors can gain insight into whether or not it is a good investment for them. More…
VI Peers
Its competitors include NetApp Inc, Jiangsu Leike Defense Technology Co Ltd, and Red Cat Holdings Inc.
– NetApp Inc ($NASDAQ:NTAP)
NetApp Inc is a American multinational storage and data management company headquartered in Sunnyvale, California. It is a member of the NASDAQ-100 and S&P 500. The company was founded in 1992 with an initial public offering in 1995. NetApp offers a wide range of products and services for enterprise storage, including software-defined storage, flash storage, converged systems, data management, and more. The company has a market cap of $14.66B as of 2022 and a Return on Equity of 100.42%.
– Jiangsu Leike Defense Technology Co Ltd ($SZSE:002413)
Jiangsu Leike Defense Technology Co Ltd is a Chinese company that specializes in the development and manufacture of defense products. The company has a market cap of 6.76B as of 2022 and a Return on Equity of -4.34%. Jiangsu Leike Defense Technology Co Ltd’s products include missiles, armored vehicles, and other defense products. The company is headquartered in Nanjing, China.
– Red Cat Holdings Inc ($NASDAQ:RCAT)
Red Cat Holdings Inc is a development stage company that focuses on acquiring, developing, and commercializing technology in the field of 3D printing. The company was founded in 2013 and is headquartered in Vancouver, Canada.
Red Cat has a market cap of $76.86M as of 2022 and a ROE of -11.27%. The company focuses on acquiring, developing, and commercializing technology in the field of 3D printing.
Summary
Sumitomo Mitsui Trust Holdings, Inc. recently reduced its stake in GARMIN LTD, a leading global provider of navigation, communications, and information devices and applications. Despite this news, overall market sentiment has remained positive towards the company. Investors are likely encouraged by the company’s strong financials, robust product lineup, and its presence in multiple geographic markets. GARMIN LTD has consistently generated strong sales growth and operating profits, which have enabled the company to maintain healthy balance sheets and generate strong cash flows.
Going forward, investors will be watching for further improvements in GARMIN LTD’s financial performance and product offerings. With the right strategy, GARMIN LTD is well-positioned to continue its growth and strengthen its position as a leader in the navigation, communications, and information device industry.
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