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Trimble: Ark Space's #1 Holding Is Helping Farmers Be More Efficient

Apr. 06, 2021 7:00 PM ETTrimble Inc. (TRMB)ARKX, DE, MON, PAVE, TSLA32 Comments
Michael Fitzsimmons profile picture
Michael Fitzsimmons


  • Trimble's revenue declined 4% in 2020, but the global pandemic didn't keep the company from buying back $81.6 million in stock last year.
  • TRMB recently got a boost when it was revealed to be the top holding in the new and highly anticipated ARK Space Exploration ETF.
  • Trimble's guidance and positioning systems enable the company to develop management tools to make farmers more efficient.
  • While the stock looks a bit expensive, TRMB could be a big beneficiary of Biden's recent American Jobs Plan proposal.

Group of satellites with dish antennas in orbit around the Earth, for communication and monitoring systems. Elements of this image furnished by NASA.
Photo by aapsky/iStock via Getty Images

My first Seeking Alpha article on Trimble (NASDAQ:TRMB) was a dud (see Trimble: Wait For It). I say that not because it was very lightly read and only generated one comment, but

This article was written by

Michael Fitzsimmons profile picture
Technology stocks, ETFs, portfolio strategy, renewable energy, and O&G companies. Primary goal is growing net-worth. I typically allocate a portion of my own portfolio and devote some of my SA articles to small and medium sized companies offering compelling risk/reward propositions. I am an Electronics Engineer, not a qualified investment advisor. While the information and data presented in my articles are obtained from company documents and/or sources believed to be reliable, they have not been independently verified. Therefore, I cannot guarantee its accuracy. I advise investors conduct their own research and due-diligence and to consult a qualified investment advisor. I explicitly disclaim any liability that may arise from investment decisions you make based on my articles. Thanks for reading and I wish you much investment success!

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am an electronics engineer, not a CFA. The information and data presented in this article were obtained from company documents and/or sources believed to be reliable, but have not been independently verified. Therefore, the author cannot guarantee their accuracy. Please do your own research and contact a qualified investment advisor. I am not responsible for the investment decisions you make.

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