5 Best Robotics Stocks for 2021

4. Teradyne, Inc. (NASDAQ: TER)

Teradyne, Inc. (NASDAQ: TER) is a Boston-based automatic equipment designer and manufacturer. Well-known technology firms like Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments, and IBM use the services of Teradyne. The firm markets several robotics products, including semiconductor testing, including UltraFLEX, a system designed for testing high-performance chip-based electronic devices. The firm also makes collaborative robots and in-circuit testing devices for large companies. 

The firm has a market cap of over $22 billion and posted more than $3 billion in revenue in December 2020. Last month, as US President Biden readied a plan to increase spending on American manufacturing, the Bank of America singled out stocks that it projected would increase in value as a result of the plan. Teradyne was among these picks. The bank said the firm was likely to benefit from increased spending by companies around the world on manufacturing semiconductor chips and electronic devices. 

At the end of Q4 2020, 47 hedge funds out of 887 in the Insider Monkey database held stakes in Teradyne Inc, up from 22 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $1.4 billion, up from 1.3 billion in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment management firm Citadel Investment Group held the most shares – 128,425,000 – worth $486 million. Citadel Investment Group was 2nd with 128,425,000 shares worth more than $396 million.