5 Best 3D Printing Stocks To Invest In

4. Proto Labs, Inc. (NYSE:PRLB)

Number of Hedge Fund Holders: 17

Proto Labs, Inc. (NYSE:PRLB) specializes in the rapid prototyping and quick–turn manufacture of 3D printed parts, CNC machined parts, and injection molded parts. The company has a strong global footprint with operations across the globe. On November 4, Proto Labs, Inc. (NYSE:PRLB) posted earnings for the third quarter of fiscal 2022. The company reported earnings per share of $0.40 and generated a revenue of $121.72 million.

According to the company’s balance sheet, Proto Labs, Inc. (NYSE:PRLB) has free cash flows of $51.9 million. The company has a strong cash position and is well-positioned to capture further market share of the global 3D printing industry as it grows. The company also reinvests in itself. On November 17, the company announced that its board of directors has authorized an increase of $50 million in its share repurchase authorization, bringing it to $89 million. Proto Labs, Inc. (NYSE:PRLB) is ranked among the best 3D printing stocks to invest in.

At the end of Q3 2022, 17 hedge funds were long Proto Labs, Inc. (NYSE:PRLB) and disclosed stakes worth $68.4 million in the company. As of September 30, ARK Investment Management is the leading shareholder in Proto Labs, Inc. (NYSE:PRLB) and has a position worth $20.5 million in the company.