5 Best Robotics Stocks To Buy According To Hedge Funds

4. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Hedge Fund Holders: 93

Thermo Fisher Scientific Inc. (NYSE:TMO) is a healthcare company that provides diagnostics and life sciences solutions, laboratory equipment, and other services and products. Its product portfolio also consists of different kinds of robots and the company is headquartered in Waltham, Massachusetts, the United States.

Thermo Fisher Scientific Inc. (NYSE:TMO)’s robotic offerings include the F7 Robot System, the Spinnaker Microplate Robot, and the Orbitor RS2 Microplate mover. These aid pharmaceutical companies in their workflows and help them in areas such as biotechnology, synthetic biology, and other laboratory work.

Credit Suisse set a $765 price target for the company in August 2022. 93 of the 895 hedge funds profiled by Insider Monkey during this year’s June quarter had invested in Thermo Fisher Scientific Inc. (NYSE:TMO).

Out of these, Ken Fisher’s Fisher Asset Management is Thermo Fisher Scientific Inc. (NYSE:TMO)’s largest investor. It has a $1.2 billion stake that comes through 2.3 million shares.

Stewart Asset Management mentioned the company in its Q2 2022 investor letter. Here is what the fund said:

“Recently we initiated two new investments. One in Thermo Fischer Scientific (NYSE:TMO), a supplier to the life sciences industry. We have followed the company for many years and the recent downturn in share price gave us a good entry price at which to invest. Thermo has had strong earnings growth for many years and is led by a superb team. The company’s recent acquisitions make it a full-service supplier to the biopharma and biotech industries.”