We recently published a list of the 10 Best Robotics Stocks to Buy According to Billionaires. In this article, we are going to take a look at where Oceaneering International, Inc. (NYSE:OII) stands against the other robotics stocks held by billionaires.
Robotics Market Outlook
The robotics industry has grown modestly over the past few years. Robotic companies are growing faster than ever, driven by advancements in technology since the emergence of AI. Especially, humanoid robots are rapidly growing in the global market, driven by AI. According to Goldman Sachs’ research, the total addressable market for humanoid robots is projected to cross $38 billion by 2035, a massive upgrade from its previous forecast of $6 billion in 2023.
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Morgan Stanley expects the humanoid robot units to reach 40,000 by 2030 and cross 63 million by 2050. Citigroup is even more bullish, anticipating a $7 trillion humanoid robot market by 2050, with 1.19 billion humanoid robots in operation. Adam Jonas from Morgan Stanley expects humanoid robots to be a multi-decade, trillion-dollar opportunity as the adoption could accelerate faster for autonomous vehicles.
In 2023, the new World Robotics report noted around 4.28 million units operating in factories globally, growing by 10% compared to 2022. Annual installations surpassed half a million units for the third consecutive year. Asia remains the hot region for robots, with 70% of all newly deployed robots in 2023 installed in Asia. China, Japan, South Korea, and India are some of the largest robotics markets in the world. China leads the market, recording 276,288 industrial robots installed in 2023, representing 51% of the global installations. The U.S. has the largest robotics market in the region, accounting for 68% of installations in the Americas in 2023.
The U.S. stock market has been under pressure due to tariffs as the broader market has plunged over 4.50% year-to-date. At the same time, Global X Robotics & Artificial Intelligence ETF (BOTZ) and Robo Global Robotics and Automation Index ETF (ROBO), which returned over 11% in 2024, have dropped nearly 10% and 7% year-to-date, respectively. Despite the market facing political headwinds, robotics stocks hold great promise, considering the rising demand for humanoids and automation systems.
A crowded drilling platform in the Western Canada Sedimentary Basin, the workers handling oil and natural gas equipment.
Our Methodology
To compile our list of the best robotics stocks to buy according to billionaires, we looked for the robotics and automation companies widely held by billionaires. Data for the billionaire holders for each stock was taken from Insider Monkey’s database, updated as of Q4 2024. Finally, the 10 best robotics stocks to buy were ranked in ascending order based on the billionaire investors holding stakes in them. We have also mentioned the number of hedge funds holding each stock as of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Oceaneering International, Inc. (NYSE:OII)
No. of Billionaire Investors: 10
No. of Hedge Fund Holders: 31
Oceaneering International, Inc. (NYSE:OII) is a leading technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries worldwide. It provides remotely operated vehicles (ROVs) for drill support and vessel-based services. The company operates through the Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.
On March 5, Barclays analyst David Anderson downgraded the price target on OII from $26 to $22. The analyst has kept an Equal-Weight rating on the shares following another solid year for the company. Oceaneering International, Inc. (NYSE:OII) posted mixed results for 2024, surpassing revenue and missing the earnings estimate by a slight margin. The company posted a revenue of $2.66 billion in 2024, beating the estimates by $31.96 million. The earnings came short of the consensus of $1.31, reaching $1.14 per share.
Oceaneering International saw a notable order intake of $2.9 billion last year, indicating strong customer confidence. The company achieved its highest quarterly revenue in the fourth quarter since Q4 of 2025 and exceeded $100 million in adjusted EBITDA for the first time since Q2 of 2016. Oceaneering’s Subsea Robotics (SSR) segment experienced a 361 basis point improvement in EBITDA margin from a year ago, ending the year at 36%. In addition, the company continues to improve its operational safety, achieving a 56% reduction in high-potential incidents in 2024.
Overall OII ranks 9th on our list of the robotics stocks to buy according to billionaires. While we acknowledge the potential of OII as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OII but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks To Invest In According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
