AI Semiconductor Equipment CEO Sells $40 Million in Company Shares

Teradyne, Inc. (NASDAQ: TER) CEO Gregory Stephen Smith, the company’s chief legal officer and one of its directors each sold shares under pre-arranged Rule 10b5-1 trading plans in early to mid-May. On May 7, Vice President and Assistant General Counsel Ryan Driscoll disposed of 680 shares at $377.60 apiece, generating approximately $257,000 (about ₩350 million) in proceeds. Then, on May 15, CEO Smith exercised stock options and sold 8,597 shares at $338.98 each, converting roughly $2.9 million (around ₩4.0 billion) into cash. That same day, director Marilyn Matz reported a sale of 800 shares at $338.98 per share, netting about $271,000 (approximately ₩380 million).

In its first quarter of fiscal 2026, reported on April 28, Teradyne posted revenue of $1.282 billion (about ₩1.8 trillion) and diluted earnings per share of $2.56, marking strong year-over-year growth driven by robust demand for AI-related semiconductor test systems. The company also declared a quarterly dividend of $0.13 per share on May 7. After a sharp rise in its stock earlier this year, Teradyne shares experienced a short-term pullback in mid-May amid a broader semiconductor-sector correction.

Headquartered in North Reading, Massachusetts, Teradyne is a leading manufacturer of automated test equipment and robotics, supplying wafer and board test solutions to major global semiconductor firms such as Samsung Electronics, Intel and Qualcomm. A member of the S&P 500, the company has expanded its leadership in automated test equipment since its founding in 1960. Since 2023, under CEO Greg Smith’s direction, Teradyne has emphasized semiconductor test systems and collaborative robots to capture growing demand from AI data centers.