3 Best Robotics Stocks To Buy
Not that long ago humans joked about robots taking over the world. Then the Terminator movies were released, and it stopped being a joke. Finally, reality set in, and the business of robotics began to grow. We began to see the benefits robots brought to the assembly line, surgical suite, and many other parts of society. These are three companies leading the way in robotics:
INTUITIVE SURGICAL INC (NASDAQ: ISRG)
Intuitive Surgical is the pioneer in medical robotics and continues to be the major player in this field. Intuitive's robotic system is called the da Vinci Surgical System. da Vinci is designed to be operated by a surgeon from a remote console while performing minimally invasive surgeries. The system performs a wide range of surgeries, from a cardiac valve repair to gynecologic surgical procedures. The da Vinci System has been used in all 50 US states, 67 countries and has performed 8.5 million surgeries. Intuitive Surgical has a market cap of $92 billion and had revenue of $4.3 billion in December 2020.
BROOKS AUTOMATION INC (NASDAQ: BRKS)
Brooks Automation has a wide range of wafer handling robotics and systems that are part of advanced wafer labs. Brooks has atmospheric and vacuum robots that provide precise handling of wafers. Its semiconductor automation products are among the most widely used in the world.
Brooks stock recently overtook the 50-day simple moving average, one of three key indicators to analysts of a pending upward trend. In 1Q21, Brooks had revenue of $286 million, which is 30% higher than 1Q20.
IROBOT CORP (NASDAQ: IRBT)
iRobot is a robotics company with which you have likely had personal contact. iRobot designs and builds consumer robots, such as the Roomba home vacuum and the Braava floor mopper. iRobot also has Root, which is programmed through a smartphone or tablet and helps teach kids coding.
iRobot has posted strong earnings reports each of the past two quarters, with earnings per share of $0.84 and $0.41, respectively. iRobot has been trading in the $85.00 range, with some analysts predicting a high of $150.00 per share. The company has a market cap of $2.41 billion.