5 Nanotech Penny Stocks to Consider

2. 3D Systems Corporation (NYSE:DDD)

Number of Hedge Fund Holders: 14

3D Systems Corporation (NYSE:DDD) is a notable 3D printing company. 3D Systems Corporation (NYSE:DDD) employs nanotech-related solutions in its products and services. For example, 3D Systems Corporation (NYSE:DDD) worked with nanotech experts to make a custom prosthetic beak for a toucan whose beak was badly damaged.

3D Systems Corporation (NYSE:DDD) recently submitted an enhanced offer to combine with Israel-based additive manufacturing company Stratasys. The revised offer, if accepted, would give Stratasys shareholders about 41% of the combined company and get $540 million in cash at the time of the consummation of the transaction.

As of the end of the first quarter of 2023, 14 hedge funds tracked by Insider Monkey had stakes in 3D Systems Corporation (NYSE:DDD). The biggest stakeholder of 3D Systems Corporation (NYSE:DDD) during this period was Catherine D. Wood’s ARK Investment Management which owns a $39 million stake in the company.