5 Best Robotics Stocks To Buy Now

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

Number of Hedge Fund Holders: 68

Value of Hedge Fund Holdings: $3,494,106,000

Market Capitalization: $102.15 billion

Intuitive Surgical, Inc. (NASDAQ:ISRG) is a Sunnyvale, California-based company that is considered a pioneer and market leader in the field of surgical robots. Intuitive Surgical, Inc. (NASDAQ:ISRG) manufactures the da Vinci surgical system, which enables minimally invasive surgery. The da Vinci system comprises a surgeon’s console, a patient-side cart equipped with four robotic arms, a 3D vision system, and proprietary instruments. Surgeons control the robotic instruments using master controllers that translate hand movements into precise micro-movements inside the patient’s body.

Here’s what RiverPark Advisors said about Intuitive Surgical, Inc. (NASDAQ:ISRG) in its Q1 2023 investor letter:

“Intuitive Surgical, Inc. (NASDAQ:ISRG): ISRG shares were a top detractor in the quarter despite 4Q results largely in line with expectations. The company used the quarterly release to define the timeline of upcoming products including its next-gen platform, now expected next year. The market was disappointed by this timing.

Intuitive is the pioneer and clear leader in robotic surgery and remains one of our most compelling long-term growth opportunities. The company’s products address a massive market with very low current penetration, and the company has a strong moat. Its major competitors, J&J and Medtronic, are facing large delays (to at least 2024) in introducing their platforms as the FDA approval process has become more difficult. These delays give Intuitive more time to place systems, train surgeons and launch new products, extending its competitive advantage. The company’s “Extended Use Program” aims to make its tools more price-competitive to traditional non-robotic procedures, which increases the company’s moat.”