5 Robotics Stocks That Will Own the Future

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

Number of Hedge Fund Shareholders: 57

Intuitive Surgical, Inc. (NASDAQ:ISRG), creator of the da Vinci robotic surgery assistant, tops the list. The company’s robots assist surgeons in performing delicate and precise procedures, and the results from its usage are tremendous, with better patient outcomes and reduced recovery times.

Intuitive Surgical has been growing at a fast pace for the past two decades and has an extended runway ahead of it, as just 3% of surgeries currently use robotic assistance. Furthermore, the company continues to expand its device’s capabilities with new hardware components and functionality, which should continue to expand its addressable market.

Intuitive Surgical, Inc. (NASDAQ:ISRG) remains the most popular robotics stock among hedge funds despite a 12% dip in the number of money managers long ISRG during Q2. Prior to that, ownership of Intuitive Surgical had risen for five straight quarters. Ken Fisher’s Fisher Asset Management owns 4.6 million ISRG shares as of June 30, valued at over $923 million at that time.

The Baron Health Care Fund noted some of the reasons why Intuitive Surgical, Inc. (NASDAQ:ISRG) shares declined this year, but likes the company’s long-term outlook, as detailed in the fund’s Q2 2022 investor letter:

“Intuitive Surgical, Inc. markets the da Vinci Surgical System, a robotic system used for minimally invasive surgical procedures. The stock declined along with other premium valuation, high-growth names due to investor concerns around inflation and rising interest rates. The potential for a more challenging sales environment for Intuitive’s hospital customer base also played a role. We continue to believe Intuitive has a long runway to expand the number of procedures performed using its robotic system.”

For more of the latest stock picks worth considering for your portfolio, check out the Best Delivery Stocks To Buy and the Best Diabetes Stocks To Buy.

Disclosure: None.

Follow Insider Monkey on Twitter