Should You Now Consider Selling Your Teradyne (TER) Stake?

Carillon Tower Advisers, an investment management firm, published its “Carillon Scout Mid Cap Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The portfolio continues to be invested in a balance of companies that should do well in a cyclical recovery as well as in companies it believes to be secular winners, along with some defensive positions to help guard against rising interest rates. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Scout Mid Cap Fund mentioned Teradyne, Inc. (NASDAQ:TER) and explained its insights for the company. Founded in 1960, Teradyne, Inc. (NASDAQ:TER) is a Boston, Massachusetts-based automatic test equipment designer and manufacturer with a $13.7 billion market capitalization. Teradyne, Inc. (NASDAQ:TER) delivered a -47.53% return since the beginning of the year, while its 12-month returns are down by -33.25%. The stock closed at $85.80 per share on July 04, 2022.

Here is what Carillon Scout Mid Cap Fund has to say about Teradyne, Inc. (NASDAQ:TER) in its Q1 2022 investor letter:

“Semiconductor test equipment and industrial robot producer Teradyne (NASDAQ:TER) fell after offering lower than expected revenue guidance due to fewer orders from its largest customer. Semiconductor equipment companies as a group underperformed as investors feared a general slowdown in semiconductor demand if the global economy slows.”

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Our calculations show that Teradyne, Inc. (NASDAQ:TER) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Teradyne, Inc. (NASDAQ:TER) was in 33 hedge fund portfolios at the end of the first quarter of 2022, compared to 40 funds in the previous quarter. Teradyne, Inc. (NASDAQ:TER) delivered a -26.27% return in the past 3 months.

In May 2022, we published an article that includes Teradyne, Inc. (NASDAQ:TER) in  5 Best Automation Stocks To Buy Now. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.