5 Best Lidar Stocks To Buy Now

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1. Trimble Inc. (NASDAQ:TRMB)

Number of Hedge Fund Holders: 29

Trimble Inc. (NASDAQ:TRMB) is a global technology corporation renowned for its production of cutting-edge solutions including global positioning systems (GPS), laser rangefinders, 3D laser scanning systems, unmanned aerial vehicles (UAVs), and software comprising LiDAR technology for diverse industries. These innovative products are engineered to enhance precision, productivity, and efficiency across various applications, spanning industries such as construction, cartography, surveying, and agriculture.

On September 28, Trimble Inc. (NASDAQ:TRMB) joined forces with Kyivstar, the leading telecommunications firm in Ukraine, to establish an advanced Continuously Operating Reference Station (CORS) network aimed at delivering GNSS correction services nationwide. This state-of-the-art network, accessible through an annual subscription, will be constructed using Trimble’s cutting-edge hardware and software positioning technology. It empowers users with dependable, high-precision real-time or post-processed GNSS correction data, catering to a wide array of industries.

As of June 2023, 29 out of the 910 hedge funds surveyed by Insider Monkey had bought the firm’s shares. Trimble Inc. (NASDAQ:TRMB)’s biggest hedge fund investor is Ian Simm’s Impax Asset Management through a stake worth $560 million.

Follow Trimble Inc. (NASDAQ:TRMB)

You can also take a peek at 20 Countries with Lowest Rates of Cancer and 12 Most Undervalued Travel Stocks To Buy According To Hedge Funds.

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