Top 10 Robot Stocks to Buy According to Hedge Funds

Top 10 Robot Stocks to Buy According to Hedge Funds

In this article, we will look at the ten best robot stocks to buy according to hedge funds. If you want to skip our introduction and go to the top five stocks on this list, take a look at this Top 5 Robot Stocks to Buy According to Hedge Funds.

Advances in technology have revolutionized and disrupted almost every major industry and greatly affected the way we live. Not only can a modern individual be able to communicate across thousands of miles in the blink of an eye, but companies are able to store massive amounts of data and revolutionize their operations.

Robots are one of the ways in which companies have benefited greatly from the technological revolution. The computing power allows smaller processors to handle large amounts of data, which in turn enables mechatronic devices to perform new and unique actions. The robotics market is disrupting many industries such as healthcare and logistics, and of course, industrial research firms have optimistic estimates for this.

Market research report from Mordor intelligence It is estimated that the global robotics market was worth $27 billion in 2020, and will grow at a compound annual growth rate (CAGR) of 17.45% to reach an estimated value of $74 billion by the end of 2026. Powering this growth will be vehicle production and manufacturing robotics, And both of them also play an important role for some of the companies we have identified in this post. Robots allow companies to reduce operating costs and simplify the production flow, which in turn boosts their production and improves margins.

Another reportThis time from Next Move Strategy Consulting, narrowing its focus to the industrial robotics segment of the industry. It estimates that the sector was worth $32 billion last year, and will reach $88 billion by 2030 with a compound annual growth rate of 12.1%. The report uses data from the Robotics Industry Association to show that more than 250,000 robots were certified in the United States in 2019, and the robotics sector has already benefited from the coronavirus pandemic, as labor shortages have prompted companies to look elsewhere to meet their hiring requirements.

finally, Allied Market Research It also sets its eye on the industrial robotics market. It is estimated that the market will reach $116 billion in 2030, growing at a robust compound annual growth rate of 11.7% from its $38 billion value in 2020. The automotive and electronics manufacturing industries are the largest users of robots, according to the research company, and ranked China dominant market share in 2020.

Therefore, it seems that the robotics industry is especially growing due to heavy usage, and in our article for you today, we have identified some of the best players in this sector. Among these companies that are likely to catch your eye (and even surprise you) is Amazon.com, Inc. (NASDAQ:AMZN), Alibaba Group Holdings Limited (NYSE:Baba) and Alphabet Inc. (NASDAQ:The Google).

Top 10 Robot Stocks to Buy According to Hedge Funds

our methodology

We’ve taken a look at some of the largest companies in the world that use robots in their core operations, and others that sell to see which of these companies play a major role in the industry. Companies were then selected by hedge fund interest in the Insider Monkey Q2 2022 survey of 895 funds.

Let’s start our list of the best robot stocks to buy according to elite hedge funds.

Best Robot Stocks to Buy According to Hedge Funds

10. Curtiss-Wright Corporation (NYSE:CW)

Number of hedge fund holders: 21

Curtiss-Wright Corporation (NYSE: CW) is an American company catering to the US military, industrial, power generation and aviation markets. As part of its industrial products, the company also provides systems and subsystems for a variety of robotic control equipment. These include joystick controls, solenoids, rotary position sensors and others.

Curtiss-Wright Corporation (NYSE: CW) aims to grow its revenue at a compound annual growth rate of 5% to 10% between 2021 and 2023, which would translate into $3.1 billion in revenue by the end of this year. Its most recent fiscal quarter results, released in August 2022, saw the company beat analysts’ revenue and EPS estimates, with Curtiss-Wright Corporation (NYSE:CW) reporting $609 million in revenue and $1.83 in non-GAAP EPS earnings.

Insider Monkey examined 895 hedge fund portfolios for the second quarter of this year to discover that 21 of them own a stake in the company. The company won a major contract from the US Navy in September 2022, which will provide a suite of components for Virginia-class nuclear attack submarines for $220 million.

The largest investor in Curtiss-Wright Corporation (NYSE: CW) is Robert Joseph Caruso Select the stock group which owns 459,459 shares, valued at $60 million.

Alibaba Group Holding Limited (NYSE: BABA) and Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOGL) to Curtiss-Wright Corporation (NYSE: CW) on our list of the best stock robots to buy now.

9. Rockwell Automation, Inc. (NYSE:The Republic of Korea)

Number of hedge fund holders: 28

Rockwell Automation, Inc. (NYSE: ROK) is an American company that provides industrial automation and digital transformation products to many industries. The company’s industrial automation segment also includes robotics, as it partners with other companies to provide them with software for their robots.

Rockwell Automation, Inc.’s second fiscal quarter saw (NYSE: ROK) its sales grew 1.8% annually to $1.8 billion. Additionally, despite the recent turbulent macroeconomic environment, the company is driving 10% revenue growth for the full fiscal year 2022, as it aims to generate at least $7.8 billion in revenue.

Argus raised its price target for Rockwell Automation, Inc. (NYSE: ROK) to $290 from $250 in August 2022 as it said the company is recovering from the effects of the pandemic. It was 28 of Insider Monkey’s Q2 2022 survey of 895 hedge funds that own a stake in the company.

Among these, Ian Sim Impex Asset Management It is the largest investor in Rockwell Automation, Inc (NYSE: ROK). She owns 834,081 shares, valued at $166 million.

8. Zebra Technologies Corporation (NASDAQ:ZBR)

Number of hedge fund holders: 33

Zebra Technologies Corporation (NASDAQ: ZBRA) is an American company that assists its commercial customers with a variety of operations such as warehouse management and inventory tracking. The company is headquartered in Lincolnshire, Illinois.

Zebra Technologies Corporation (NASDAQ: ZBRA) is investing heavily in autonomous mobile robots, which allow warehouses to manage their inventories and perform daily tasks through robots. The company’s software provides improved use of the robot within warehouses, by increasing efficiency in areas such as eliminating picking waiting time. Zebra Technologies Corporation (NASDAQ: ZBRA)’s latest quarterly results, published in August 2022, saw the company beat analyst revenue and non-GAAP EPS estimates.

However, at the same time, it lowered its third-quarter EPS guidance, causing Needham to lower its share price target to $350 from $400 in August 2022. Hedge fund Insider Monkey’s 895 analysis for the June quarter of this year saw 33 investments in the company. .

The largest investor in Zebra Technologies Corporation (NASDAQ: ZBRA) is John W. Rogers’s Ariel Investments which owns 358,716 shares, valued at $105 million.

7. Intuitive Surgical, Inc. (NASDAQ:ISRG)

Number of hedge fund holders: 56

Intuitive Surgical, Inc. (NASDAQ: ISRG) is a healthcare company known for providing surgical robots to enable physicians and surgeons to perform surgeries with the help of mechanical assistance. It also provides support and maintenance services for its products. The company is headquartered in Sunnyvale, California, United States.

Intuitive Surgical, Inc. (NASDAQ:ISRG) is the market leader in robotic surgery systems through its Vinci platform. This system allows doctors to perform surgeries remotely, the latest quarterly report revealed that the installed user base of these systems increased to 6,920, a double victory for the company in terms of revenue and a larger customer base for support and maintenance services.

Trust has lowered its share price target for Intuitive Surgical, Inc. (NASDAQ:ISRG) to $255 from $270 in July 2022, noting that weaker capital expenditures are downsides but confirms that there is growth in surgeries in the wake of the coronavirus pandemic. Of the 895 hedge funds identified by Insider Monkey for the second quarter of this year, 56 have invested in the company.

Ken Fisher Fisher Asset Management She is the largest investor in Intuitive Surgical, Inc. (NASDAQ: ISRG). She owns 4.6 million shares, valued at $923 million.

Barron Funds Company reported in Investor Letter Q2 2022. Here is what the fund said:

Intuitive Surgical, Inc. Shop the Da Vinci Surgical System, an automated system for minimally invasive surgery. The stock fell along with the premium valuation, high-growth names on investor concerns about inflation and rising interest rates. The possibility of a more challenging sales environment for Intuitive Hospital’s client base also played a role. We still believe that Intuitive has a long way to go to expand the number of procedures performed using its automated system. “

6. AbbVie Inc. (NYSE:ABBV)

Number of hedge fund holders: 71

AbbVie Inc. (NYSE: ABBV) is a pharmaceutical company that provides treatments for a variety of diseases such as plaque psoriasis, leukemia, lymphoma, constipation, anemia and Parkinson’s disease. The company also builds and uses robotic solutions that simulate human actions to enable workers to skip manual labor and shift toward solving complex problems. It is headquartered in North Chicago, Illinois, United States.

AbbVie Inc.’s bots are called. (NYSE: ABBV) as Fred, Bert, St Bot, and CeSar. They focus on different tasks, with Fred in charge of reviewing financial disclosure documents for the company’s clinical trials, Burt focusing on making a list of participants in these trials, and St Bot analyzing the training documents on the site for comparison with AbbVie Inc. (NYSE: ABBV) and CeSar’s internal database and review of medical documents to ensure they are accurate and easy to understand.

Insider Monkey’s Q2 2022 survey of 895 hedge funds showed that 71 of them own a stake in AbbVie Inc. (NYSE: ABBV). Because of so many bullish hedge funds, ABBV is on the list of the best robot stocks to buy right now.

Among these, the largest investor in AbbVie Inc (NYSE: ABBV) is Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital which owns 4.2 million shares, valued at $654 million.

ClearBridge Investments mention the company in Investor Letter Q2 2022which specified the following:

“We added to our healthcare exposure this quarter with purchases by Straumann Holding Company (OTCPK: SAUHF), the Swiss manufacturer of medical instruments, implants and related supplies for dental procedures, in the secular bucket and US drugmaker. AbbVie Inc. (NYSE: ABBV) in the structural dredge. Straumann is the global market leader in dental implants with a total share of 29%, a meaningful position within premium dental implants and a smaller share in valuable dental implants. The company also engages in clear alignment through a series of acquisitions as well as peripheral capital equipment around those companies.

The growth will come from increasing the share of both value-added implants and clear aligners by expanding into emerging markets on top of market growth in the premium implant business. AbbVie is in transition in anticipation of losing the exclusivity to its flagship Humira in the next several years with several commercial treatments, led by Skyrizi for psoriasis and Rinvoq for rheumatoid arthritis.”

Besides Amazon.com, Inc. (NASDAQ: AMZN), Alibaba Group Holding Limited (NYSE: BABA), and Alphabet Inc. (NASDAQ: GOOGL), AbbVie Inc. (NYSE: ABBV) One of the Best Buy Now Robotics Companies.

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disclosure. no one. Top 10 Robot Stocks to Buy According to Hedge Funds Originally posted on Insider Monkey.

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