5 Robotics Stocks That Will Own the Future

4. Teradyne, Inc. (NASDAQ:TER)

Number of Hedge Fund Shareholders: 31

Teradyne, Inc. (NASDAQ:TER) develops automation equipment for the industrial sector, serving aerospace, semiconductor, and automotive companies, among others. Teradyne shares are down by 51% this year and the company’s Q3 and Q4 guidance came in well below expectations. However, the company should be poised to benefit from increased 3nm test demand next year given Apple Inc.  (NASDAQ:AAPL)’s reported plans to shift some of the production from its iPhone 14 into the Pro model next year.

Teradyne, Inc. (NASDAQ:TER) is yet another robotics stock that hedge funds have been selling off in recent quarters, as there’s been a 35% decline in the number of money managers long TER. Josh Resnick’s Jericho Capital Asset Management and Mika Toikka’s AlphaCrest Capital Management sold off their Teradyne holdings during Q2.

The Carillon Scout Mid Cap Fund discussed Teradyne, Inc. (NASDAQ:TER)’s slumping revenue guidance 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.”