11 Best Medical Device Stocks to Buy Now

Page 6 of 10

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

Number of Hedge Fund Holders: 95

Intuitive Surgical, Inc. (NASDAQ:ISRG) has an elaborate ecosystem of services and products that provides robotic-assisted surgical solutions and invasive care. It ranks fifth on our list of the top medical device stocks to invest in now. Its products include the Ion Endoluminal and the Da Vinci Surgical systems.

On May 1, the company announced the FDA clearance of the da Vinci Single Port surgical system for transanal local excision/resection. The clearance expands the da Vinci SP’s capabilities in colorectal surgery, bringing a positive light to its operations.

On the same day, Intuitive Surgical, Inc. (NASDAQ:ISRG) also announced an increase in its stock repurchase program to $4.0 billion, which reflects a strategic initiative to manage its capital structure and boost shareholder value.

Analysts are bullish on the stock due to its strong operations, as the company reported a 17% growth in its Da Vinci procedures in fiscal Q1 2025. Intuitive Surgical, Inc. (NASDAQ:ISRG) also attained a record 367 Da Vinci systems installations in the quarter. This growth reflects the Da Vinci system’s rising adoption and successful expansion in various geographies and surgical fields. Intuitive Surgical, Inc.’s (NASDAQ:ISRG) revenue for fiscal Q1 2025 also increased 19% over last year, reaching $2.25 billion.

Page 6 of 10