Coatue’s 35 Most Important AI Stocks

29. Teradyne, Inc. (NASDAQ:TER)

Number of Hedge Fund Holders: 43

Teradyne, Inc. (NASDAQ:TER) designs, develops, manufactures, and sells automated test systems and robotics products globally. As per the report for the third quarter of 2024, the company recorded revenue of $737 million in the third quarter of this year, showing an increase of 5% from the third quarter of the prior year. The higher earnings than initially projected reflect better operational efficiency for the company’s products. Moreover, the company also reported revenue of $737 million for the third quarter of 2024, of which $543 million was in Semiconductor Test, $73 million in System Test, $33 million in Wireless Test and $89 million in Robotics. This reflects a strong foundation in semiconductor testing while maintaining diversification across multiple technology-driven sectors. In addition, Teradyne Robotics and Analog Devices began a strategic partnership to accelerate the adoption of AI and advanced robotics-driven collaborative automation in manufacturing.