5 Best 3D Printing Stocks To Invest In

In this article, we will discuss the 5 best 3D printing stocks to invest in. If you want to read our detailed analysis of the global 3D printing industry and explore similar stocks, you can read 11 Best 3D Printing Stocks To Invest In.

5. 3D Systems Corporation (NYSE:DDD)

Number of Hedge Fund Holders: 14

3D Systems Corporation (NYSE:DDD) provides 3D printing products and services. The company offers 3D printers, 3D scanning products, 3D software, and other related services. It serves customers in a range of industries, including aerospace and defense, automotive, healthcare, and consumer goods. The company was founded in 1986 and is headquartered in Rock Hill, South Carolina.

On November 10, 3D Systems Corporation (NYSE:DDD) announced a strategic collaboration with Advanced Laser Materials, a material research, development, and consultation company, to expand access to industry-leading 3D printing materials. On November 14, 3D Systems Corporation (NYSE:DDD) announced that it has added two new materials to its portfolio, Certified HX and Certified CuCr2.4. 3D Systems Corporation (NYSE:DDD) is well-positioned to capitalize on the secular growth trends of the global 3D printing industry and is ranked among the best 3D printing stocks to buy now.

At the close of Q3 2022, 14 hedge funds held stakes in 3D Systems Corporation (NYSE:DDD) worth $62.5 million. Of those, ARK Investment Management was the top shareholder in the company and held stakes worth $30.9 million.

4. Proto Labs, Inc. (NYSE:PRLB)

Number of Hedge Fund Holders: 17

Proto Labs, Inc. (NYSE:PRLB) specializes in the rapid prototyping and quick–turn manufacture of 3D printed parts, CNC machined parts, and injection molded parts. The company has a strong global footprint with operations across the globe. On November 4, Proto Labs, Inc. (NYSE:PRLB) posted earnings for the third quarter of fiscal 2022. The company reported earnings per share of $0.40 and generated a revenue of $121.72 million.

According to the company’s balance sheet, Proto Labs, Inc. (NYSE:PRLB) has free cash flows of $51.9 million. The company has a strong cash position and is well-positioned to capture further market share of the global 3D printing industry as it grows. The company also reinvests in itself. On November 17, the company announced that its board of directors has authorized an increase of $50 million in its share repurchase authorization, bringing it to $89 million. Proto Labs, Inc. (NYSE:PRLB) is ranked among the best 3D printing stocks to invest in.

At the end of Q3 2022, 17 hedge funds were long Proto Labs, Inc. (NYSE:PRLB) and disclosed stakes worth $68.4 million in the company. As of September 30, ARK Investment Management is the leading shareholder in Proto Labs, Inc. (NYSE:PRLB) and has a position worth $20.5 million in the company.

3. Stratasys, Ltd. (NASDAQ:SSYS)

Number of Hedge Fund Holders: 21

Stratasys, Ltd. (NASDAQ:SSYS) is a global leader in 3D printing and additive manufacturing solutions. The company’s technology is used by a wide range of industries, including aerospace, automotive, healthcare, consumer goods, and education. The company’s products are used to create prototypes, production parts, and manufactured goods. The company’s technology offers a number of advantages over traditional manufacturing methods, including shorter lead times, lower costs, and increased design freedom. Stratasys, Ltd. (NASDAQ:SSYS) is continually innovating its technology and expanding its product portfolio, which positions the company for long-term growth. The stock is ranked high among the best 3D printing stocks to buy now.

Wall Street is positive on Stratasys, Ltd. (NASDAQ:SSYS). On September 15, Lake Street analyst Troy Jensen updated his price target on Stratasys, Ltd. (NASDAQ:SSYS) to $26 from $28 and maintained a Buy rating on the shares. On November 8, William Blair analyst Brian Drab upgraded Stratasys, Ltd. (NASDAQ:SSYS) to Market Perform from Underperform.

At the close of Q3 2022, 21 hedge funds were eager on Stratasys, Ltd. (NASDAQ:SSYS) and held stakes worth $74.8 million in the company. Of those, ARK Investment Management was the largest shareholder in the company and disclosed a position worth $22.6 million.

2. Xometry, Inc. (NASDAQ:XMTR)

Number of Hedge Fund Holders: 24

Xometry, Inc. (NASDAQ:XMTR) is a leading provider of CNC machining, 3D printing, sheet metal fabrication, and injection molding. Xometry, Inc. (NASDAQ:XMTR) has a strong business model that is benefiting both customers and manufacturing partners. The company has a large addressable market and is well-positioned to capitalize on the shift to on-demand manufacturing and the favorable growth trends for the 3D printing industry. Xometry, Inc. (NASDAQ:XMTR) is ranked high among the best 3D printing stocks to invest in.

On November 10, Xometry, Inc. (NASDAQ:XMTR) posted earnings for the fiscal third quarter of 2022 in which it outperformed EPS estimates by $0.13. The company generated a revenue of $103.57 million, up 82.58% year over year, and beat expectations by $0.19 million. Shortly after the company’s earnings release, UBS analyst Karl Keirstead revised his price target on Xometry, Inc. (NASDAQ:XMTR) to $45 from $55 and maintained a Neutral rating on the shares.

At the end of Q3 2022, 24 hedge funds were long Xometry, Inc. (NASDAQ:XMTR) and disclosed stakes worth $363.3 million in the company. This is compared to 16 positions in the preceding quarter with stakes worth $221.6 million. The hedge fund sentiment for the stock is positive. As of September 30, Driehaus Capital is the top investor in Xometry, Inc. (NASDAQ:XMTR) and has stakes worth $87.8 million in the company.

1. Autodesk, Inc. (NASDAQ:ADSK)

Number of Hedge Fund Holders: 62

Autodesk, Inc. (NASDAQ:ADSK) is a global leading provider of 3D design, engineering, and entertainment software. Its products are used by professionals in a variety of industries, including architecture, engineering, construction, manufacturing, media, and entertainment. Autodesk, Inc. (NASDAQ:ADSK) has a strong position in the market, with a large customer base and a diversified product portfolio. The company is well-positioned to continue its growth, with a strong brand, a strong financial position, and a commitment to innovation. Autodesk, Inc. (NASDAQ:ADSK) is one of the best 3D printing stocks to buy now.

This November, BofA analyst Michael Funk updated his price target on Autodesk, Inc. (NASDAQ:ADSK) to $225 from $240 and maintained a Neutral rating on the shares. On November 23, Baird analyst Joe Vruwink revised his price target on Autodesk, Inc. (NASDAQ:ADSK) to $244 from $255 and reiterated an Outperform rating on the shares.

At the close of the third quarter of 2022, 62 hedge funds were bullish on Autodesk, Inc. (NASDAQ:ADSK) and held stakes worth $2.38 billion in the company. This is compared to 53 positions in the preceding quarter with stakes worth $1.41 billion. The hedge fund sentiment for the stock is positive. As of September 30, GQG Partners is the most prominent shareholder in the company and has a position worth $539.7 million.

Here is what Arch Capital Management had to say about Autodesk, Inc. (NASDAQ:ADSK) in its third-quarter 2022 investor letter:

“Let’s look at a specific example. One of our portfolio companies is Autodesk, Inc. (NASDAQ:ADSK), a construction/engineering/architecture software business with an incredible moat. Our cost basis on the stock is $230. Shares traded as high as $340 in 2021 but today are down around $200. With this declining share price, Autodesk management has been able to take the healthy free cash flow it generates and retire some of its shares outstanding at an accelerated rate.

At the beginning of 2022, Autodesk had approximately 220 million shares outstanding. Today, that number is down to around 216 million, and we expect this number to continue to drop over the next few years as the company ramps up its free cash flow generation. This reduction in share count will juice growth in free cash flow per share, which will determine what returns we get owning Autodesk over the long haul. The lower the stock drops, the faster Autodesk’s share count drops, all else equal.”

You can also take a look at 15 Biggest Lumber Companies in the World and 10 Biggest Electrical Companies in the US.