Cathie Wood’s Thoughts on Automobile Industry and Her Top 5 Car Stock Picks

3. Teradyne, Inc. (NYSE:TER)

Percentage of ARK Investment Management’s 13F Portfolio: 0.14%

ARK Investment Management’s Stake Value: $61,335,000

Number of Hedge Fund Holders: 42

Teradyne, Inc. (NYSE:TER) assists automakers in delivering cost-effective and high-quality automotive devices by providing automation test services. Teradyne, Inc. (NYSE:TER) verifies that automakers and suppliers use high-quality semiconductors, increase car safety features, and meet rigorous CO2 standards. 

Cathie Wood has held Teradyne, Inc. (NYSE:TER) stock since the fourth quarter of 2017 and now owns 561,829 shares worth approximately $61 million as of the end of the third quarter of 2021. New York-based investment advisory firm Alkeon Capital Management is the largest shareholder of Teradyne, Inc. (NYSE:TER) with 3.97 million shares worth $434 million. 

Wood isn’t the only one who believes in Teradyne, Inc. (NYSE:TER), as Loop Capital analyst Scott Graham initiated a Buy rating on the stock on January 13 with a $202 price target.