TER, META: Cathie Wood Continues to Bet Big on Robotics, Trims Stake in This Tech Stock
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Wood Continues to Load Up on Teradyne Stock
On Friday, ARK bought 39,792 shares of Teradyne, valued at $3.74 million. The buy was made through its flagship ARK Innovation ETF (ARKK). The transaction follows a sizable TER purchase on July 17 —84,000 shares for a total of $7.8 million.
Teradyne is a major name in industrial automation and testing, a sector where Wood has been steadily building exposure amid rising interest in AI and robotics. With TER stock being down 25% year-to-date, Wood seems to be taking advantage of the pullback as a buying opportunity.
What Is the Teradyne Stock Price Forecast for 2025?
On TipRanks, Teradyne stock has a Moderate Buy consensus rating based on nine Buys, two Holds, and three Sell ratings. Also, the average TER price target of $97.15 implies a 3.44% upside potential from current levels.
ARK Trims Stake in Meta Stock
On the sell side, ARK continued to reduce its stake in Meta, offloading $1.5 million worth of shares through ARKK. This suggests ARK is reducing its stake in the social media giant. Year-to-date, META stock is up 20.5%.
Additionally, ARK sold a small stake in Guardant Health (GH), trimming $141.6K worth of shares from its biotech-focused funds.
Is Meta a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Strong Buy consensus rating on META stock based on 41 Buys, four Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average META price target of $743.69 per share implies 5.6% upside potential.
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But the momentum faded in March and April, with the funds trailing the market as top holdings — especially Tesla, her biggest position — slid amid growing concerns over the macroeconomy and trade policies. Now, the fund is regaining momentum. As of July 31, the flagship Ark Innovation ETF () is up more than 30% year-to-date, far outpacing the S&P 500's 7.8% gain. Wood's remarkable return of 153% in 2020 helped build her reputation and attract loyal investors. Her strategy can lead to sharp gains during bull markets but also painful losses, like in 2022, when ARKK dropped more than 60%. As of July 30, Ark Innovation ETF, with $6.8 billion under management, has delivered a five-year annualized return of negative 0.72%. The S&P 500 has an annualized return of 16.14% over the same period. 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