5 Robotics Stocks Billionaires Are Loading Up On

In this article, we discuss 5 robotics stocks billionaires are loading up on. If you want to see more stocks in this selection, check out 10 Robotics Stocks Billionaires Are Loading Up On. 

5. Teradyne, Inc. (NASDAQ:TER)

Number of Hedge Fund Holders: 33

Number of Billionaire Investors: 10

Teradyne, Inc. (NASDAQ:TER) specializes in the design, development, manufacturing, sales, and support of automatic test equipment. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. Within the Industrial Automation segment, Teradyne, Inc. (NASDAQ:TER) offers collaborative robotic arms, autonomous mobile robots, and advanced robotic control software. Teradyne, Inc. (NASDAQ:TER) is regarded as one of the preferred robotics stocks among billionaires. In the first quarter of 2023, the stock was included in the investment portfolios of 10 billionaires.

On May 11, Teradyne, Inc. (NASDAQ:TER) declared a quarterly dividend of $0.11 per share, in line with previous. The dividend is payable on June 16, to shareholders of record on May 24. 

According to Insider Monkey’s first quarter database, Teradyne, Inc. (NASDAQ:TER) was part of 33 hedge fund portfolios, with combined stakes worth $856.7 million. Billionaire David Shaw’s D E Shaw held a $83.4 million position in the company. 

Here is what Carillon Clarivest Capital Appreciation Fund has to say about Teradyne, Inc. (NASDAQ:TER) in its Q1 2022 investor letter:

“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. Teradyne (NASDAQ:TER) develops and sells self-automatic test systems. The company gave a weak outlook as a major customer slowed its 3-nanometer technology transition. The Fund sold the stock.”

4. PTC Inc. (NASDAQ:PTC)

Number of Hedge Fund Holders: 42

Number of Billionaire Investors: 11

PTC Inc. (NASDAQ:PTC) is a Massachusetts-based software company that offers a range of robotics capabilities to assist businesses in different industries. PTC Inc. (NASDAQ:PTC) provides software solutions and technologies that enable companies to design, simulate, program, and control robotic systems for automation and manufacturing purposes. PTC Inc. (NASDAQ:PTC) is considered a leading choice in the field of robotics, attracting the interest of billionaires. As of Q1 2023, 11 billionaires, including Stephen Mandel of Lone Pine Capital, held stakes in the company.

On May 24, Daniel Jester, an analyst at BMO Capital, commenced coverage of PTC Inc. (NASDAQ:PTC) with an Outperform rating and a price target of $166. The recent acquisition of ServiceMax is seen as a significant opportunity for PTC Inc. (NASDAQ:PTC), providing a “transformational opportunity” to establish a complete digital thread that supports asset-intensive industries throughout the design, manufacturing, and service processes, the analyst wrote in a research note to investors. Despite acknowledging potential risks associated with macroeconomic factors and execution in the short term, the firm believes that PTC Inc. (NASDAQ:PTC) is well-positioned to expand its market presence following the deal and offers an appealing valuation.

According to Insider Monkey’s first quarter database, 42 hedge funds were long PTC Inc. (NASDAQ:PTC), compared to 44 funds in the earlier quarter. 

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

Number of Hedge Fund Holders: 67

Number of Billionaire Investors: 15

Intuitive Surgical, Inc. (NASDAQ:ISRG) is among the leading robotics stocks that have captured the attention of billionaires. Intuitive Surgical, Inc. (NASDAQ:ISRG) is known for its advanced robotics capabilities in the field of medical technology. The company has developed and commercialized the da Vinci Surgical System, a robotic-assisted surgical platform that enables minimally invasive procedures. As of Q1 2023, Intuitive Surgical, Inc. (NASDAQ:ISRG) shares were held by 15 billionaires.

On May 31, Lee Hambright, an analyst at Bernstein, increased the price target for Intuitive Surgical, Inc. (NASDAQ:ISRG) to $365 from $350 while maintaining an Outperform rating on the shares. The analyst highlighted a new marketing video that showcases Intuitive Hub and the company’s increasing emphasis on learning and services. Bernstein stated that Intuitive Surgical, Inc. (NASDAQ:ISRG) continues to be the most compelling long-term growth story in their coverage.

According to Insider Monkey’s first quarter database, 67 hedge funds were long Intuitive Surgical, Inc. (NASDAQ:ISRG), compared to 70 funds in the earlier quarter. Billionaire Ray Dalio’s Bridgewater Associates held a prominent stake in the company, comprising 521,790 shares worth $133.3 million. 

RiverPark Large Growth Fund made the following comment 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.”

2. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 58

Number of Billionaire Investors: 16

Honeywell International Inc. (NASDAQ:HON) is a global technology and manufacturing company that offers robotics solutions for industrial automation. The company’s robotics capabilities assist businesses in enhancing manufacturing processes, optimizing production lines, and improving overall operational performance. Honeywell International Inc. (NASDAQ:HON)’s robotics and automation technologies are utilized in oil and gas, refining, petrochemicals, and manufacturing industries. During Q1 2023, Honeywell International Inc. (NASDAQ:HON) attracted the interest of 16 billionaires, including Ken Griffin of Citadel Investment Group. 

On May 2, John Eade, an analyst at Argus, maintained a Buy rating on Honeywell International Inc. (NASDAQ:HON) with a price target of $230. According to the analyst, the recent decline in the stock presents an opportunity for investors. Eade believes that Honeywell International Inc. (NASDAQ:HON) will continue to benefit from its diverse range of product lines and its strong presence in the commercial aerospace and commercial construction markets. The analyst noted that Honeywell has a solid balance sheet and a management team known for under-promising and over-delivering.

According to Insider Monkey’s first quarter database, 58 hedge funds were bullish on Honeywell International Inc. (NASDAQ:HON), compared to 44 funds in the prior quarter. 

Here is what ClearBridge Investments has to say about Honeywell International Inc. (NASDAQ:HON) in its Q1 2021 investor letter:

“The portfolio’s quality bias and valuation discipline have generated compelling returns over time with typically strong relative results in more challenging environments as it did through the first three quarters of 2020. However, that same quality bias tends to create a more challenging relative performance environment for the Strategy during periods of sharp economic acceleration, which tend to benefit stocks that are more commodity linked or of lower quality. This has been the case during the vaccine- and stimulus-driven rally experienced late last year and during the most recent quarter. Sectors that lagged in the quarter included industrials, Honeywell also lagged in the quarter after previously generating strong returns over extended periods.”

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 132

Number of Billionaire Investors: 22

NVIDIA Corporation (NASDAQ:NVDA)’s GPUs are widely used for running AI algorithms and deep learning models in robotics. These capabilities enable robots to perceive their environment, make intelligent decisions, and adapt. NVIDIA’s hardware, along with their computer vision software, allows robots to understand visual data, recognize objects, and navigate their surroundings. Additionally, NVIDIA Corporation (NASDAQ:NVDA) offers solutions for autonomous navigation and path planning, helping robots navigate safely and optimize their routes in dynamic environments. During Q1 2023, a total of 22 billionaires had invested in NVIDIA Corporation, including Rajiv Jain of GQG Partners.

According to Citi analyst Atif Malik, NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang reiterated the company’s objective of introducing generative artificial intelligence to data centers during the Computex event in Taipei. The analyst noted that the company’s three product announcements reflect its strategy of leveraging its dominant position in AI accelerators to establish a strong presence in a potentially untapped market worth over $1 trillion. This market encompasses various applications, ranging from AI networking to CPU-centric server solutions. On May 31, Malik maintained a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) shares, setting a price target of $420, and advised investors to maintain their long positions in the company.

According to Insider Monkey’s first quarter database, 132 hedge funds were long NVIDIA Corporation (NASDAQ:NVDA), compared to 106 funds in the preceding quarter. 

Alger Spectra Fund made the following comment about NVIDIA Corporation (NASDAQ:NVDA) in its Q1 2023 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) is a leading supplier of graphics processing units (GPUs) for a variety of end markets, such as gaming, PCs, data centers, virtual reality and high-performance computing. The company is leading in most secular growth categories in computing, and especially artificial intelligence and super-computing parallel processing techniques for solving complex computational problems. Simply put. Nvidia’s computational power is a critical enabler of Al and therefore critical to Al adoption, in our view. As such, we believe Nvidia is a long-term high unit volume growth opportunity. During the period, NVIDIA reported fiscal fourth-quarter results that met expectations, as the company navigated. through an inventory correction associated with the broad macroeconomic slowdown. Moreover, management gave fiscal year earnings guidance that was better than analyst estimates. noting strong year-over-year growth in gaming and data centers. Management’s constructive assessment of 2023 prospects. coupled with the rapid rollout and adoption of generative Al offerings, led to positive share price performance.”

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