In this piece, we will discuss the 5 best robotics stocks to buy according to hedge funds. If you want to find out about more stocks, then take a look at 10 Best Robotics Stocks To Buy According To Hedge Funds.
5. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 72
Tesla, Inc. (NASDAQ:TSLA) is the world’s premier manufacturer of electric vehicles, and it is known for extensively integrating robots in its manufacturing processes. The heavy lifting of a Tesla’s manufacturing process is done through robots. Tesla, Inc. (NASDAQ:TSLA) is also developing its own robot for manufacturing assistance.
Tesla, Inc. (NASDAQ:TSLA)’s new manufacturing robot is aptly dubbed the Tesla Bot. This is a small bot that will be capable of lifting loads up to 20 kilograms, and the company’s chief executive officer Mr. Elon Musk hopes to unveil a working prototype of the robot later this year. The Tesla Bot is intended to replace as many human tasks as it can, particularly those in dangerous environments that pose a threat to worker safety.
Insider Monkey’s Q2 2022 895 hedge fund survey saw 72 as having bought Tesla, Inc. (NASDAQ:TSLA)’s shares.
Tesla, Inc. (NASDAQ:TSLA)’s largest investor in our database is Catherine D. Wood’s ARK Investment Management which owns 1.4 million shares that are worth $1 billion.
4. Thermo Fisher Scientific Inc. (NYSE:TMO)
Number of Hedge Fund Holders: 93
Thermo Fisher Scientific Inc. (NYSE:TMO) is a healthcare company that provides diagnostics and life sciences solutions, laboratory equipment, and other services and products. Its product portfolio also consists of different kinds of robots and the company is headquartered in Waltham, Massachusetts, the United States.
Thermo Fisher Scientific Inc. (NYSE:TMO)’s robotic offerings include the F7 Robot System, the Spinnaker Microplate Robot, and the Orbitor RS2 Microplate mover. These aid pharmaceutical companies in their workflows and help them in areas such as biotechnology, synthetic biology, and other laboratory work.
Credit Suisse set a $765 price target for the company in August 2022. 93 of the 895 hedge funds profiled by Insider Monkey during this year’s June quarter had invested in Thermo Fisher Scientific Inc. (NYSE:TMO).
Out of these, Ken Fisher’s Fisher Asset Management is Thermo Fisher Scientific Inc. (NYSE:TMO)’s largest investor. It has a $1.2 billion stake that comes through 2.3 million shares.
Stewart Asset Management mentioned the company in its Q2 2022 investor letter. Here is what the fund said:
“Recently we initiated two new investments. One in Thermo Fischer Scientific (NYSE:TMO), a supplier to the life sciences industry. We have followed the company for many years and the recent downturn in share price gave us a good entry price at which to invest. Thermo has had strong earnings growth for many years and is led by a superb team. The company’s recent acquisitions make it a full-service supplier to the biopharma and biotech industries.”
3. Alibaba Group Holding Limited (NYSE:BABA)
Number of Hedge Fund Holders: 106
Alibaba Group Holding Limited (NYSE:BABA) is a Chinese company that provides platforms and infrastructure to enable retailers and merchants to connect with their customer base. It also has a fleet of robots that aid it in its warehousing operations. The company is headquartered in Hangzhou, the People’s Republic of China.
Alibaba Group Holding Limited (NYSE:BABA) also operates its own fleet of Xiaomanlv robots that are responsible for making deliveries to its customers. It aims to expand its current fleet of robots to 10,000 in the next couple of years, to deliver a staggering 1 million parcels daily. These robots crossed the 1 million packages delivered in China in September 2021.
Deutsche Bank raised Alibaba Group Holding Limited (NYSE:BABA)’s share price target to $160 from $155 in August 2022 stating that its earnings report is impressive and a fast macro recovery will bode well for the firm. Insider Monkey’s Q2 2022 survey of 895 hedge funds saw 106 as having held a stake in the company.
Alibaba Group Holding Limited (NYSE:BABA)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 1.6 million shares that are worth $1.6 billion.
2. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders: 191
Alphabet Inc. (NASDAQ:GOOGL) is the parent company for Google, which is best known for its namesake search engine and a host of other products such as Gmail, YouTube, and Google Cloud. Google is also developing its own robot that aims to conduct a variety of human tasks.
Alphabet Inc. (NASDAQ:GOOGL)’s robot is named PaLM-SayCan and it is one of the first in the world to integrate natural language processing into its functions. This allows the robot to recognize verbal commands to perform a variety of daily tasks such as picking up objects and carrying out instructions. It can also search for objects and differentiate between them. The robot is based on Alphabet Inc. (NASDAQ:GOOGL)’s natural language algorithm that the company has trained extensively.
191 out of the 895 hedge funds profiled by Insider Monkey for this year’s June quarter had invested in Alphabet Inc. (NASDAQ:GOOGL).
Out of these, Chris Hohn’s TCI Fund Management is Alphabet Inc. (NASDAQ:GOOGL)’s largest investor through owning 2.4 million shares that are worth $5.4 billion.
Arch Capital mentioned the company in its Q2 2022 investor letter. Here is what the fund said:
“In May we decided to buy Alphabet Inc. (NASDAQ:GOOG) (parent company of Google, YouTube, and Android). Our thesis was simple. Alphabet has billions of locked-in users around the globe with businesses like Search, Maps, and YouTube that should grow in-line or faster than worldwide GDP. With all the cash these businesses generate, management is able to reinvest in Google Cloud, Other Bets projects like Waymo, and return cash to shareholders via share repurchases. At an enterprise value-to-free cash flow (EV/FCF) of around 20 at the time of our purchase, we believe this sets up shareholders for low risk 15%+ returns over the next five years.”
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 252
Amazon.com, Inc. (NASDAQ:AMZN) is one of the largest digital retailers in the world, whose platform allows merchants to connect with customers to sell their products. Additionally, the firm also has other divisions such as satellite internet and cloud computing. It has also developed a small home robot to aid consumers in their daily lives.
Amazon.com, Inc. (NASDAQ:AMZN)’s home robot is called the Astro Robot and it uses the company’s Alexa voice recognition system and its artificial intelligence technology. In a sci-fi-esque take on things, the Astro Robot is designed to be a family pet, act as a security guard and home patroller, follow the owner around playing music, act as a cupholder, and make different sounds. Additionally, Amazon.com, Inc. (NASDAQ:AMZN) also operates its fully autonomous robot called Proteus in its warehouses to move large carts.
Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 252 had bought Amazon.com, Inc. (NASDAQ:AMZN)’s shares.
Out of these, Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 48 million shares that are worth $5.1 billion.
Alger Capital mentioned the company in its Q2 2022 investor letter, outlining that:
“Amazon.com, Inc. (NASDAQ:AMZN) detracted from portfolio performance in part due to poor operating profit and concerns about future margins. The company disclosed that its first quarter retail revenues increased 3% relative to Q1 2021 due to increased online shopping last year during the COVID-19 pandemic restrictions fueled by direct-to-consumer fiscal stimulus payments. This growth met an estimate from a consensus of analysts at financial services firms, according to FactSet. For the first quarter, however, amazon.com reported $3.7 billion in operating profit versus $5.3 billion anticipated by a consensus estimate. This substantial miss was driven by increased fuel and international shipping expenses, increased staffing due to hiring for employees who were sick with covid-19 and fulfillment center capacity buildout that is now becoming better utilized. These factors resulted in shares of amazon.com underperforming during the second quarter.”
Disclosure: None. You can also take a look at 10 Best Vanguard ETFs to Invest In and Top 10 Technology Stocks to Buy According to Billionaire Cliff Asness.
