5 Best Robotics Stocks To Buy Now

2. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Hedge Fund Holders: 109

Thermo Fisher Scientific Inc. (NYSE:TMO) is a global provider of life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products, serving diverse markets including pharmaceutical, biotechnology, academic, government, environmental, and healthcare. The company supplies robots designed to automate intricate research tasks in laboratories, requiring adaptability, optimal space utilization, and smooth integration with laboratory peripherals. Thermo Fisher Scientific Inc. (NYSE:TMO) is one of the best robotics stocks to buy. 

On January 31, Thermo Fisher Scientific Inc. (NYSE:TMO) reported a Q4 non-GAAP EPS of $5.67 and a revenue of $10.89 billion, outperforming Wall Street estimates by $0.02 and $160 million, respectively. 

According to Insider Monkey’s third quarter database, 109 hedge funds were bullish on Thermo Fisher Scientific Inc. (NYSE:TMO), compared to 103 funds in the prior quarter. Chris Hohn’s TCI Fund Management is the largest stakeholder of the company, with 3.19 million shares worth $1.6 billion. 

Weitz Partners III Opportunity Fund made the following comment about Thermo Fisher Scientific Inc. (NYSE:TMO) in its second quarter 2023 investor letter:

“Portfolio activity this quarter included opportunistically initiating a position in life sciences tool and equipment maker Thermo Fisher Scientific Inc. (NYSE:TMO), a long-time holding of other Weitz portfolios, at an attractive valuation.”

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