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Altair Engineering Inc. (ALTR): Should You Add This 3D Printing and Additive Manufacturing Stock to Your Portfolio Now?

We recently compiled a list of the 10 Best 3D Printing and Additive Manufacturing Stocks To Buy. In this article, we are going to take a look at where Altair Engineering Inc. (NASDAQ:ALTR) stands against the other 3D printing and additive manufacturing stocks.

The additive manufacturing industry is among the most revolutionary areas in the general manufacturing and industrial sectors. These days, 3D printing has become widely used in various fields, such as healthcare equipment manufacturing, metal fabrication, housing construction, and even dental operations. Considering the widespread use of 3D printing technology in various fields across the globe, the 3D printing and additive manufacturing industry has come to be considered as a high-growth area in manufacturing, with many investors keeping a close eye on 3D printing stocks and adding them to their portfolios. For instance, Cathie Wood, a reputable growth investor, operates a dedicated Exchange-Traded Fund (ETF) that focuses solely on manufacturing technology and 3D printing stocks.

Growing Interest and Engagement in Additive Manufacturing

The impact and growth potential of the additive manufacturing industry is being felt not only in the markets, but on a federal government level as well. In 2022, the Biden Administration launched the Additive Manufacturing Forward initiative to promote the use of additive manufacturing and 3D printing in the US. The initiative was propelled forward by the profitable and attractive uses of 3D printing. For instance, the use of additively-manufactured fuel nozzles for commercial airplane engines by General Electric was cited by the White House as being the reason why its fuel nozzles achieved 30% cost savings while also being 25% lighter and five times more durable than regular fuel nozzles.

It’s not just the government that is taking an interest in 3D printing companies and technologies. Many tech companies have also been launching products in the 3D printing and additive manufacturing space to establish their presence in this area. Microsoft developed and launched a 3D Builder application, and also has its own 3D printers in the market. Autodesk is known for its Autodesk Fusion, a critical tool for preparing 3D models for printing. Finally, HP is known for its Multi Jet Fusion 3D Printing technology, among other products in this space.

Some may feel that the additive manufacturing industry is lagging behind other areas in the market. However, a closer look at the performance of individual stocks in this industry highlights the fact that many of them are fiscally performing well, and can be considered as good investments today.

Considering the high-growth potential of 3D printing stocks in today’s market, particularly in light of the growing use of additive manufacturing in various fields, we have compiled a list of the best 3D printing and additive manufacturing stocks to buy now. You can also take a look at the best 3D printing companies in the US and what happened to 3D printing stocks?.

Our Methodology 

We selected the top holdings of Cathie Wood’s 3D Printing ETF and ranked them in ascending order of the number of hedge funds holding stakes in them. For this, we used Insider Monkey’s hedge fund data for the first quarter of 2024.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).

A computer programmer developing a software application for high-performance computing.

Altair Engineering Inc. (NASDAQ:ALTR)

Number of Hedge Fund Holders: 21

Altair Engineering Inc. (NASDAQ:ALTR) is an application software company based in Troy, Michigan. The company reported a successful second quarter, with total revenues rising to $148.8 million. Software revenues for the company came in at $135.4 million, representing a 10.6% year-over-year increase. Software revenue amounts to 91% of the company’s total revenue, a figure that underscores the importance of Altair Engineering Inc.’s (NASDAQ:ALTR) software operations.

Recently, Altair Engineering Inc. (NASDAQ:ALTR) has expanded its domination in the 3D printing market by acquiring Metrics Design Automation. The company also benefits from enhanced artificial intelligence capabilities in its Altair HyperWorks 2024 platform, making it a strong stock pick for investors today.

A total of 21 hedge funds were long Altair Engineering Inc. (NASDAQ:ALTR) in the first quarter, with a total stake value of $1.3 billion. ARK Investment Management was the largest stakeholder in the company at the end of the first quarter, holding 50,530 shares.

Conestoga Capital Advisors mentioned Altair Engineering Inc. (NASDAQ:ALTR) in its fourth-quarter 2023 investor letter:

“Altair Engineering Inc. (NASDAQ:ALTR): ALTR, a leader in design and simulation software, reported strong earnings during the quarter, beating across all metrics. Adjusted EBITDA margins jumped almost 600 basis points year-over-year, leading to significantly higher profitability. ALTR is not seeing pressure from a softer macroeconomic environment domestically or in China, a dynamic some of their peers mentioned during their earnings calls. ALTR called out particular strength in the aerospace, auto and technology verticals.”

Overall ALTR ranks 7th on our list of the best 3D printing and additive stocks to buy. You can visit 10 Best 3D Printing and Additive Manufacturing Stocks To Buy to see the other 3D printing and additive stocks that are on hedge funds’ radar. While we acknowledge the potential of ALTR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ALTR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

Disclosure: None. This article is originally published at Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…