On 17 July, renowned investor Cathie Wood made a series of strategic moves in the AI and robotics sectors via her ARK Invest ETFs. Her headline purchase was $7.8 million of Teradyne (TER) shares—a company known for its expertise in automated test equipment and industrial robotics. Alongside this, she acquired $1.8 million of Nvidia (NVDA) stock and nearly $800,000 in Advanced Micro Devices (AMD) shares. Wood also bolstered her portfolio with positions in Caris Life Sciences (CAI) and L3Harris Technologies (LHX).
Conversely, Wood offloaded $3.3 million in Rocket Lab USA (RKLB) shares, likely capitalising on a recent surge in the stock of more than 30% over five days. Her ARK funds trimmed their exposure even further by selling $2.7 million of RKLB on 16 July and $2.5 million in Meta Platforms (META) shares, signalling a more cautious stance on social media investments.
It appears that Wood capitalised on a dip in Teradyne stock following a recent downgrade by JPMorgan’s analyst Samik Chatterjee, who shifted the rating from Buy to Hold amid uncertainties surrounding semiconductor equipment investments. Despite these challenges, ARK Innovation ETF (ARKK) increased its Teradyne stake by roughly 84,000 shares, which now brings the position’s value to about $113.1 million—making it the 16th largest holding in the fund.
Currently, Teradyne holds a Moderate Buy consensus on TipRanks, with eight analysts recommending a Buy, two advising a Hold, and three suggesting a Sell. The average price target hovers around $95.58, hinting at a modest upside from current levels.
