The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Internet of Things Thematic Index. The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to exchange-listed companies in developed markets that facilitate the Internet of Things industry, including companies involved in wearable technology, home automation, connected automotive technology, sensors, networking infrastructure/software, smart metering and energy control devices. The fund is non-diversified.
IPO Year: n/a
Exchange: NASDAQ
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Garmin Ltd. (NYSE:GRMN) shares are trading higher on Wednesday. Garmin has announced a partnership with Arctic Cat Inc., a Textron Inc. (NYSE:TXT) subsidiary renowned in snowmobiles and powersports, to integrate the Arctic Cat G8 display powered by Garmin into select 2025 snowmobile models. Garmin and Arctic Cat continue their collaboration with the Arctic Cat G8, marking their latest joint effort in display technology for snowmobiles and off-road vehicles, extending their partnership from install kits introduced as early as 2021. According to Benzinga Pro, GRMN stock has gained over 64% in the past year. Investors can gain exposure to the stock via Global X Internet Of Things ETF (
Lattice Semiconductor Corporation (NASDAQ:LSCC) shares are trading lower after the company announced that Jim Anderson decided to step down as president, CEO, and board member. The company announced the appointment of Esam Elashmawi, chief marketing and strategy officer, as Interim Chief Executive Officer, effective immediately. The board started a search process to identify a permanent CEO and will consider internal and external candidates as part of its search. Jeff Richardson, chair of Lattice’s board said, “Over the last six years, Esam has played a critical role in Lattice’s transformation. I am confident that Esam and our talented executive team will ensure a smooth transition
Garmin Ltd. (NYSE:GRMN) shares are trading lower after BofA Securities analyst Ronald J. Epstein downgraded the stock to Underperform from Neutral and cut the price target from $165 to $150. The analyst writes that in the first quarter, Garmin demonstrated the strength of its brand and the resiliency of its customers and witnessed growth across segments. However, the analyst worries that the momentum is decelerating, implying that the current valuation is unsustainable. Epstein says that the company’s AutoOEM segment continues to ramp production and remains on track to hit the $800 million revenue target in 2025. The analyst expects the segment to reach breakeven in 4Q24 and sees
Garmin Ltd (NYSE:GRMN) reported fiscal first-quarter 2024 revenue growth of 20% year-on-year to $1.38 billion, beating the consensus of $1.25 billion. The GPS navigation and wearable technology company's proforma EPS of $1.42 beat the consensus of $1.01. Segments: Revenue from Fitness grew by 40% year over year to $342.89 million, with growth across all categories led by strong demand for advanced wearables. Outdoor revenue improved by 11% year over year to $366.19 million, primarily due to growth in wearables. Aviation revenue grew by 2% year over year to $216.86 million, primarily due to growth in OEM product categories. Marine revenue increased by 17% Y/Y to $326.74 million