Popular investor Cathie Wood’s ARK Invest made key portfolio moves on Thursday, July 10, with the spotlight on a major buy in the industrial automation space. As per ARK’s daily trade disclosures, the largest transaction of the day was a $16 million-plus purchase in Teradyne (TER), a leading name in robotics testing systems. At the same time, Wood continued to offload shares of cryptocurrency exchange Coinbase (COIN) and trading platform Robinhood (HOOD).
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Wood Loads Up on Teradyne Stock
On Thursday, ARK ETFs bought 179,242 shares of Teradyne, valued at $16.63 million. This marks ARK’s most significant trade of the day. The buy was made through multiple ARK funds, including the flagship ARK Innovation ETF (ARKK).
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.
In another smaller but notable buy, ARK added 16,277 shares of Tempus AI (TEM) across ARKK and ARK Genomic Revolution ETF (ARKG), totaling $950,739. This followed a larger $8.8 million purchase the previous day, signaling growing interest in AI-driven healthcare.
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 $95.85 implies a 2.81% downside potential from current levels. Year-to-date, TER stock has gained 21.47%.
ARK Cuts Stakes in Coinbase and Robinhood
At the same time, ARK trimmed several tech holdings. Most notably, the firm sold 16,627 shares of Coinbase, worth $6.21 million, continuing a recent pattern of crypto pullbacks. The transaction follows two sizable Coinbase sales in late June—33,363 shares on June 27 and 124,892 shares on June 30—as ARK took profits during a sharp rally in the stock.
Meanwhile, the firm also sold 58,504 shares of Robinhood for $5.53 million. This comes amid a broader move by ARK to reduce its exposure to consumer trading platforms.
Turning to Wall Street, Coinbase stock scores a Moderate Buy consensus rating, with the average COIN stock price target of $307.93 indicating a 20.83% possible decline from current levels. Meanwhile, Robinhood also earns a Moderate Buy consensus rating, with the average HOOD stock price target reflecting a 19.10% downside risk. Notably, COIN is up 56.65% year-to-date, while HOOD has surged 165% over the same period.
