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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.