12 Best Technology Penny Stocks To Buy According to Hedge Funds

5. 3D Systems Corporation (NYSE:DDD)

Number of Hedge Fund Investors: 21

Stock Price as of December 23: $3.50

3D Systems Corporation (NYSE:DDD) is a pioneer in 3D printing and additive manufacturing solutions. The company designs and manufactures 3D printers, materials, and software, serving industries such as healthcare, aerospace, automotive, and consumer goods. 3D Systems Corporation (NYSE:DDD) generates revenue through hardware sales, material sales, and professional services. The company’s key clients include Boeing, General Motors, Baker Hughes, and healthcare providers.

3D Systems Corporation (NYSE:DDD) is committed to maintaining its leadership in technology and innovation. Over the past year, the company has introduced nearly 40 new materials, software enhancements, and printing platforms, which significantly expanded its portfolio and capabilities. Key launches include the PSLA 270, a high-speed photopolymer printing platform, and the Titan Extrusion Platform, which offers a hybrid solution for extrusion technology. These advancements aim to address the growing demands in high-performance markets such as semiconductor equipment manufacturing, energy, and aerospace.

3D Systems Corporation (NYSE:DDD) is focused on improving operational efficiency and financial performance. The company has been proactive in restructuring and cost management, aiming to reduce operating expenses. This includes a strong emphasis on inventory optimization and cash generation, with a target of inventory reduction by year-end.