With a market cap of $38.8 billion, Garmin Ltd. (GRMN) is a global leader in GPS-based navigation and communication technology. The company designs, develops, manufactures, and markets a wide range of wireless and GPS-enabled devices across five key segments: Outdoor, Fitness, Marine, Auto, and Aviation. 

Companies valued at more than $10 billion are generally considered “large-cap” stocks, and Garmin fits this criterion perfectly. Garmin's innovative product portfolio includes everything from smartwatches and satellite communicators to avionics systems and marine electronics, serving both consumers and original equipment manufacturers worldwide.

Shares of the Milwaukee, Wisconsin-based company have dipped 32.1% from its 52-week high of $238.59. Over the past three months, Garmin's shares have declined 3.8%, lagging behind the iShares Future Metaverse Tech And Communications ETF's (IVRS) return of 7.9% during the same period.

In the longer term, GRMN stock has dropped 2.4% on a YTD basis, underperforming IVRS’ 8.6% rise. However, shares of Garmin have increased 24.3% over the past 52 weeks, outpacing IVRS’ 9.4% gain over the same time frame.

Despite few fluctuations, the stock has been trading above its 200-day moving average since last year. 

Shares of Garmin tumbled 8.4% on Apr. 30 despite reporting record Q1 2025 revenue of $1.54 billion and a 13.4% increase in adjusted EPS to $1.61, as both figures missed consensus estimates. The company also maintained its full-year EPS guidance at $7.80 without raising it, citing a projected $100 million hit from potential tariff impacts, which spooked investors. Gross margin declined by 50 basis points to 57.6%, and the Auto OEM segment, while showing 31% sales growth, posted an $8.9 million operating loss. 

Nevertheless, rival Keysight Technologies, Inc. (KEYS) has underperformed GRMN stock. KEYS stock has increased nearly 18% over the past 52 weeks.

Despite the stock’s outperformance over the past year, analysts are cautious on GRMN. The stock has a consensus rating of “Hold” from the six analysts covering the stock, and it is currently trading above the mean price target of $199.80.