Is This Cathie Wood Chip Stock a Buy Right Now?
Semiconductor test equipment and robotics maker Teradyne (NASDAQ: TER) is currently the fourth largest holding in Cathie Wood's ARK Autonomous Technology Robotics ETF (NYSEMKT: ARKQ). Wood and team also increased their stake in the flagship ARK Innovation ETF (NYSEMKT: ARKK) ahead of Teradyne's earnings. https://cathiesark.com/arkk-holdings-of-ter
Despite an ugly downturn for the chip industry, Teradyne reported slightly better-than-expected results for second-quarter 2023. Is this equipment company stock a buy?
The bulk of Teradyne's business is making machines that test semiconductors and computing systems for integrity before getting sold. This equipment has a wide range of applications, from actual chip fabs (the plants that make semiconductors) to subcontractors that assemble chips for use in everything from autos to wireless networks.
Source Fool.com
Teradyne Inc. Stock
We see a rather positive sentiment for Teradyne Inc. with 14 Buy predictions and 1 Sell predictions.
With a target price of 133 € there is a positive potential of 23.72% for Teradyne Inc. compared to the current price of 107.5 €.
