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Schaffhausen, Switzerland-based Garmin Ltd. (GRMN) develops, manufactures, markets, and distributes a diverse range of GPS-enabled, navigation, communications, sensor-based, and information products and services worldwide. Valued at a market capitalization of $46.5 billion, the company offers running, cycling products, smartwatch devices, scales and monitors, and Garmin Connect and Garmin Connect Mobile platforms to track and analyze fitness, activities and workouts, and wellness data.
Companies with a market cap of $10 billion or more are typically referred to as "large-cap stocks." Garmin fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the scientific and technical instruments industry.