5 Best Robotics Stocks to Buy According to Hedge Funds

In this article, we will look at the 5 best robotics stocks to buy according to hedge funds. If you want to explore more robotics stocks popular among hedge funds, you can also read 12 Best Robotics Stocks to Buy According to Hedge Funds.

5. Teradyne, Inc. (NASDAQ:TER)

Number of Hedge Fund Holders: 33

Teradyne, Inc. (NASDAQ:TER) is a Boston, Massachusetts-based company that specializes in automating electronic tests and repetitive manual tasks by incorporating the power of robotics. The company has a diversified portfolio of autonomous mobile robots that aid in moving inventory accurately and swiftly.

In a note issued to investors on October 27, Thomas Diffely at DA Davidson gave Teradyne, Inc. (NASDAQ:TER) stock a target price of $105 with a Buy rating. The analyst highlighted that the company reported better-than-expected Q3 2022 results. However, Teradyne, Inc. (NASDAQ:TER) anticipates some challenges in Q1 2023 due to weakness in industrial demand and headwinds from political tensions in China. Diffely has a bullish stance on the medium to long-term outlook of Teradyne, Inc. (NASDAQ:TER) and expects the company to emerge as one of the best robotics stocks in the long run due to its financial strength.

Here’s what  Carillon Scout Mid Cap Fund said about Teradyne, Inc. (NASDAQ:TER) in its Q1 2022 investor letter:

“Semiconductor test equipment and industrial robot producer Teradyne (NASDAQ:TER) fell after offering lower than expected revenue guidance due to fewer orders from its largest customer. Semiconductor equipment companies as a group underperformed as investors feared a general slowdown in semiconductor demand if the global economy slows.”