5 Best Robotics Stocks To Buy Now

4. Teradyne, Inc. (NASDAQ:TER)

Number of Hedge Fund Holders: 33

Teradyne, Inc. (NASDAQ:TER) is a Massachusetts-based company that designs, develops, and manufactures automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Industrial Automation segment provides collaborative robotic arms, autonomous mobile robots, and advanced robotic control software for manufacturing, logistics, and light industrial applications.  

On November 14, Teradyne, Inc. (NASDAQ:TER) declared a $0.11 per share quarterly dividend, in line with previous. The dividend is distributable on December 21, to shareholders of record on November 28. 

DA Davidson analyst Thomas Diffely on October 27 maintained a Buy rating on Teradyne, Inc. (NASDAQ:TER) but trimmed the price target on the shares to $105 from $120. The analyst noted that while Teradyne, Inc. (NASDAQ:TER) outperformed on Q3 earnings and guided better than expected for Q4, its management expects Q1 2023 performance to be “sub-seasonal” amid weak industrial demand and China headwinds. However, he remains bullish on the stock over the medium-to-long term.

According to Insider Monkey’s Q3 data, 33 hedge funds were bullish on Teradyne, Inc. (NASDAQ:TER), compared to 30 funds in the prior quarter. Alkeon Capital Management is the largest stakeholder of the company, with 2.4 million shares worth nearly $184 million. 

Here is what Carillon Scout Mid Cap Fund has to say 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.”