In this article, we will explore the top ten 3D printing and additive manufacturing stocks to invest in.
Additive manufacturing represents one of the most transformative sectors within the broader industrial and manufacturing landscape. 3D printing is now extensively employed across various domains, such as medical equipment production, metal fabrication, home construction, and even in dentistry. The global adoption of 3D printing technologies has positioned the additive manufacturing sector as a critical area of growth in industrial processes, attracting numerous investors. For example, Cathie Wood, a renowned investor focused on growth, manages an exclusive ETF dedicated to 3D printing and advanced manufacturing technologies.
The significance and potential for expansion within the additive manufacturing sector are evident not only in market trends but also at the governmental level. In 2022, the Biden Administration initiated the Additive Manufacturing Forward program to boost the deployment of 3D printing technologies in the United States. This initiative was driven by significant efficiencies gained through additive manufacturing, such as the 3D-printed fuel nozzles used in commercial jet engines by General Electric, which the White House highlighted for achieving a 30% reduction in costs, 25% weight reduction, and a fivefold increase in durability compared to traditional nozzles.
Interest in additive manufacturing is not limited to governmental bodies. Numerous technology corporations are also venturing into this field. Microsoft has developed the 3D Builder application and markets its 3D printers. Autodesk is celebrated for its Autodesk Fusion software, essential for preparing 3D models for printing. Moreover, HP has made its mark with the Multi Jet Fusion 3D Printing technology among its array of offerings in this sector.
Some may perceive that the additive manufacturing sector is not keeping pace with other industries. However, an examination of the financial performance of various stocks within this industry indicates that many are doing well financially and represent sound investment opportunities.
The potential for growth in 3D printing stocks is significant in today’s market, especially considering the increasing application of additive manufacturing across diverse sectors. We have identified some of the top 3D printing and additive manufacturing stocks to consider purchasing. For further information, explore the best 3D printing companies in the US and recent developments in 3D printing stocks.
Our Methodology
We analyzed the leading investments from Cathie Wood’s 3D Printing ETF by sorting them based on the count of hedge funds invested in each, utilizing data on hedge funds from Insider Monkey for Q1 2024.
Hedge funds’ investment choices are significant to us because our analyses suggest that mirroring the most favored stocks of top hedge funds can lead to market outperformance. Our quarterly newsletter adopts this approach, choosing 14 stocks each period, and has amassed a return of 275% since May 2014, outstripping its benchmark by 150 points. (see more details here).
Number of Hedge Fund Holders: 10
Nano Dimension Ltd. (NASDAQ:NNDM), headquartered in Ness Ziona, Israel, specializes in technology hardware, storage, and peripherals. The firm is currently in the midst of acquiring another company in the 3D printing sector, Desktop Metal.
The initial Q2 report for Nano Dimension Ltd. (NASDAQ:NNDM) presents a positive trend, with unaudited revenue reaching $14.8 million. This slightly exceeds the $14.74 million achieved in the same quarter last year, representing an 11% year-on-year growth. Investors are encouraged to buy shares, especially as Nano Dimension demonstrates its strategic proficiency by acquiring formidable competitors at attractive prices. Notably, the company is set to acquire Desktop Metal at potentially $4.07 per share, totaling around $135 million, under the condition that closing costs exceed projections or the transaction extends into 2025.
At the close of Q1, 10 hedge funds held long positions in Nano Dimension Ltd. (NASDAQ:NNDM), accumulating a stake worth $77.5 million.
Number of Hedge Fund Holders: 14
Stratasys, Ltd. (NASDAQ:SSYS), headquartered in Eden Prairie, Minnesota, holds a prominent position in the 3D printing sector. Stratasys reported a steady year-over-year income of $144.1 million for the first quarter of 2024, with a record achievement in the revenue from recurring consumables.
For those looking into the 3D printing sector, Stratasys, Ltd. (NASDAQ:SSYS) should be on your radar given its robust financial health shown in its first-quarter financial results and the promising developments for its F3300 system. The company is optimistic about its future, maintaining a financial forecast for 2024 with expected revenues reaching $645 million.
During the first quarter, 14 hedge funds held long positions in Stratasys, Ltd. (NASDAQ:SSYS), collectively valuing their stakes at $81.1 million. ARK Investment Management was noted as the major shareholder, possessing 642,632 shares.
Number of Hedge Fund Holders: 18
Proto Labs, Inc. (NYSE:PRLB), located in Maple Plain, Minnesota, is a provider of digital manufacturing and custom part services including 3D printing. It caters to developers and engineers working with 3D computer-aided design software. According to its recent earnings report, Proto Labs recorded a 2% increase in revenue for the first half of 2024 compared to the previous year, with non-GAAP EPS increasing by 25%.
Proto Labs, Inc. (NYSE:PRLB) is a noteworthy 3D printing stock to consider because it aims to expand its customer base and drive higher revenue through increased order sizes. This strategy helps the company maintain customer loyalty and achieve consistent revenue growth, thereby ensuring financial stability.
Proto Labs, Inc. (NYSE:PRLB) was held by 18 hedge funds in the first quarter, with a total stake value amounting to $54.2 million.
NYSE:HPQ Headline NYSE:PRLB NASDAQ:PTC NASDAQ:ALTR NASDAQ:XRAY NASDAQ:SSYS NASDAQ:NNDM NASDAQ:FARO NASDAQ:ANSS NASDAQ:ADSK Daily Newsletter HP Inc (NYSE:HPQ) Ptc Inc. (NASDAQ:PTC) Ansys Inc (NASDAQ:ANSS) Proto Labs Inc (NYSE:PRLB) Autodesk Inc. (NASDAQ:ADSK) Stratasys Ltd. (NASDAQ:SSYS) Nano Dimension Ltd. (NASDAQ:NNDM) Dentsply Sirona Inc. (NASDAQ:XRAY) What happened to 3D printing stocks? FARO Technologies Inc. (NASDAQ:FARO) Altair Engineering Inc. (NASDAQ:ALTR) Top 15 3D Printing Companies in the US 10 Best 3D Printing and Additive Manufacturing Stocks to Buy
Returns since inception in May 2014 (through May 20, 2024)
Warren Buffett
Berkshire Hathaway
$293,447,417,000
David Einhorn
Greenlight Capital
$1,491,303,000
George Soros
Soros Fund Management
$5,416,602,000
Jim Simons
Renaissance Technologies
$77,426,184,000
Leon Cooperman
Omega Advisors
$1,886,381,000
Carl Icahn
Icahn Capital LP
$22,521,664,000
Steve Cohen
Point72 Asset Management
$22,767,998,000
John Paulson
Paulson & Co
$3,510,256,000
David Tepper
Appaloosa Management LP
$4,198,712,000
Paul Tudor Jones
Tudor Investment Corp
$6,160,740,000
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