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GNTX Gentex

Founded in 1974, Gentex Corporation is a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies.

Company profile

Ticker
GNTX
Exchange
CEO
Steve R. Downing
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
382030505

GNTX stock data

(
)

Calendar

22 Feb 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Gentex earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Mar 21 Chiodo Matthew Common Stock Sell Dispose S No Yes 35.6637 6,851 244.33K 33,389
31 Mar 21 Boehm Neil Common Stock Sell Dispose S No Yes 35.6637 2,053 73.22K 37,025
22 Feb 21 Nash Kevin C Common Stock Sell Dispose S No Yes 35.5692 3,150 112.04K 30,313
22 Feb 21 Ryan Scott P Common Stock Sell Dispose S No Yes 35.5692 1,650 58.69K 30,627
22 Feb 21 Downing Steven R Common Stock Sell Dispose S No Yes 35.5692 6,300 224.09K 138,911

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

83.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 491 451 +8.9%
Opened positions 83 41 +102.4%
Closed positions 43 51 -15.7%
Increased positions 175 155 +12.9%
Reduced positions 171 180 -5.0%
13F shares
Current Prev Q Change
Total value 6.85B 5.14B +33.2%
Total shares 201.8M 199.58M +1.1%
Total puts 29K 197.8K -85.3%
Total calls 228.8K 340.8K -32.9%
Total put/call ratio 0.1 0.6 -78.2%
Largest owners
Shares Value Change
Vanguard 22.94M $778.5M +2.6%
BLK Blackrock 21.75M $737.83M +0.1%
Maj Invest Holding A/S 7.19M $244.04M +52.8%
STT State Street 6.13M $208.08M +1.5%
Boston Partners 4.6M $156.13M -0.9%
Dimensional Fund Advisors 4.47M $151.69M -4.4%
Disciplined Growth Investors 4.28M $145.13M -3.0%
Burgundy Asset Management 4M $135.87M -12.9%
Riverbridge Partners 3.91M $132.7M +5.8%
GS Goldman Sachs 3.82M $129.55M +68.7%
Largest transactions
Shares Bought/sold Change
Adage Capital Partners GP, L.L.C. 1.03M -2.54M -71.2%
Maj Invest Holding A/S 7.19M +2.48M +52.8%
Norges Bank 2.46M +2.46M NEW
Pictet Asset Management 2.46M +2.44M +11743.9%
IVZ Invesco 1.17M -2.41M -67.3%
Capital World Investors 1.42M -1.96M -57.9%
Citadel Advisors 1.76M +1.58M +855.7%
GS Goldman Sachs 3.82M +1.56M +68.7%
MS Morgan Stanley 1.72M +1.06M +161.1%
PGGM Investments 1.01M +1.01M NEW

Financial report summary

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Management Discussion
  • Net Sales. In 2020, Company net sales decreased by $170.7 million, or 9% compared to the prior year. Net sales for 2020 were negatively impacted by lower than forecasted global vehicle production rates for calendar year 2020, which were down 16% on a year over year basis. The reduction in global light vehicle production and the Company's sales was impacted primarily a result of the global shutdowns as a result of the COVID-19 pandemic, which primarily impacted the Company in the second quarter of 2020. Automotive net sales decreased as a result of an 11% decrease in automatic-dimming mirror shipments, from 42.9 million units in 2019 to 38.2 million units in 2020.
  • Other net sales decreased 17% to $40.0 million compared to the prior year, as dimmable aircraft window sales decreased 30% year over year and fire protection saw a decrease in net sales of 4% year over year. Dimmable aircraft window sales were impacted by production challenges the Company's customer faced.
  • Cost of Goods Sold. As a percentage of net sales, cost of goods sold increased from 63.0% in 2019 to 64.1% in 2020. The year over year decrease in the gross profit margin was primarily the result of the Company's inability to leverage fixed overhead during the second quarter of 2020 as a result of COVID-19 related shutdowns and decreases in demand, as well as annual customer price reductions, which were partially offset by improvements in product mix related to Full Display Mirror® as well as purchasing cost reductions and structural cost reductions. On a year over year basis, the inability to leverage fixed overhead and annual customer price reductions each had a negative impact of approximately 150 - 250 basis points on gross profit margin. Purchasing cost reductions, product mix improvements, and structural cost reductions each independently had a positive impact on gross profit margin on a period over period basis of approximately 50 - 100 basis points.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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Patents

GRANT
Utility
Rearview device mount and attachment method
13 Apr 21
A rearview assembly includes a rearview device having at least one of a display and an electro-optic element.
GRANT
Utility
Concealed displays
13 Apr 21
An electronic device includes a cover substrate defining a first surface and a second surface.
GRANT
Utility
Conductive bus bar with dark or colored appearance
13 Apr 21
An electro-optic device comprises a first substrate having a rear surface and a second substrate having a front surface opposed to the rear surface of the first surface; a cavity defined between the opposed rear surface of the first substrate and the front surface of the second substrate; a sealing member bonding first substrate and second substrate together in a spaced apart relationship; and a bi-level bus bar assembly comprising a first layer and a second layer, and disposed between the first and second substrates.
APP
Utility
Optical Coatings for Glass and Glass Laminates
8 Apr 21
An optical coating for a glass substrate includes an inner metal or metal alloy layer, a first pair of transparent conductive oxide or dielectric layers, and a pair of outer metal or metal alloy layers.
APP
Utility
Electro-optic Elements and Method of Forming
8 Apr 21
An electro-optic element includes a first electroactive compartment including an electroactive film having a first electroactive component and a second electroactive compartment including an electroactive solution or gel having a second electroactive component.