5 Best 3D Printing and Additive Manufacturing Stocks to Buy

1. HP Inc. (NYSE: HPQ)

Number of Hedge Fund Holders: 43

HP Inc. (NYSE: HPQ) is a technology company providing personal computing and other access devices, imaging, and printing products. The company has launched its 3D printing strategy, joining the additive manufacturing sector in 2016 and launching a range of polymer 3D printing systems, including Metal Jet technology. The company ranks 1st on our list of the best 3D printing and additive manufacturing stocks to buy.

This June, HP Inc. (NYSE: HPQ) acquired HyperX, Kingston Technology’s former gaming division. The acquisition is supposed to help growth in HP Inc.’s (NYSE: HPQ) Personal Systems Business. In the first quarter of 2021, the company had an EPS valued at $0.92 versus estimates of $0.66, and its revenue for the quarter valued at $15.65 billion, showcasing a 6.97% growth year over year. The company has a gross profit margin of 19.38% and a forward PE ratio of 8.35. The stock gained 20.9% in the past 6 months and 21.15% year to date.

By the end of the first quarter of 2021, 43 hedge funds out of the 866 tracked by Insider Monkey held stakes in HP Inc. (NYSE: HPQ). The total value of their stakes came up to roughly $1.53 billion. This is compared to 39 hedge fund holders in the previous quarter with a total stake value of about $1.05 billion.

You can also take a look at 10 Best Stocks for Beginners with Little Money and 15 Most Valuable Technology Companies in the World.

Follow Insider Monkey on Twitter