5 Best Robotics Stocks To Buy Now

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

Number of Hedge Fund Holders: 78

Intuitive Surgical, Inc. (NASDAQ:ISRG) develops and manufactures medical products, particularly the da Vinci Surgical System, a robotic surgical system facilitating minimally invasive procedures for physicians worldwide. It is one of the best robotics stocks to monitor. On January 23, Intuitive Surgical, Inc. (NASDAQ:ISRG) reported a Q4 non-GAAP EPS of $1.60 and a revenue of $1.93 billion, outperforming Wall Street estimates by $0.11 and $30 million, respectively. 

According to Insider Monkey’s third quarter database, 78 hedge funds were long Intuitive Surgical, Inc. (NASDAQ:ISRG), compared to 68 funds in the prior quarter. Ken Fisher’s Fisher Asset Management is the largest stakeholder of the company, with 4.40 million shares worth $1.28 billion. 

Baron Health Care Fund stated the following regarding Intuitive Surgical, Inc. (NASDAQ:ISRG) in its fourth quarter 2023 investor letter:

“Additional tailwinds to performance came from robotic surgical system pioneer Intuitive Surgical, Inc. (NASDAQ:ISRG). We believe Intuitive Surgical will continue to innovate and launch new products that enhance surgical outcomes, and we think the company has a long runway for growth.

Intuitive Surgical, Inc. sells the da Vinci surgical robotic system for minimally invasive surgical procedures. The stock rose on investor speculation that the company could launch a new robotic system in 2024. We believe Intuitive Surgical will continue to innovate and launch new products that enhance surgical outcomes, and we think the company has a long runway for growth.”