Cathie Wood-LED Ark investment management bought over 55,000 shares of automatic test equipment designer Teradyne, Inc. TER at a valuation of over $4.8 million based on Monday’s closing price. According to the company, the purchase was made through two of the company’s exchange-traded funds.
Teradyne is the eighth largest holding in the ARC Autonomous Tech. & Robotics ETF ARCQ with a valuation of over $37 million and a weight of 3.34%.
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price action: The stock is down over 15% in the last month. According to a filing dated August 2, Teradyne is CEO Markus Jagiela sold 37,857 shares of the company’s shares at an average price of $100.20 at a valuation of over $3.7 million, data from Benzinga Pro shows.
By Aug. 25, short interest in the company’s shares, as measured by the percentage of float shorting, had risen to 3.17%, the highest since March 2022, according to data from Benzinga Pro.
Nvidia purchase: Wood also acquired 11,200 shares in the chipmaker Nvidia Corporation NVDA at a $1.6 million valuation across two of the company’s ETFs. Shares of the company are up 0.8% on Monday but are down over 23% in a month.
The chipmaker’s share price plummeted after the US government restricted some chip exports to China, raising concerns among tech investors. The Biden administration is allegedly plan to widen this type of curb and a decision could be made as early as next month.
