U.S. Semiconductor Equipment CEO Sells Shares While Retaining $50 Million Stake

On June 15, Teradyne, Inc. (NASDAQ: TER), a U.S. semiconductor test-equipment supplier, disclosed that CEO Gregory Stephen Smith sold 4,000 shares at approximately $423 each, generating roughly $1.69 million in proceeds (about ₩2 billion). After the sale, Smith still holds about 120,000 shares, valued at around $50 million (approximately ₩700 billion). On the same day, executive Marilyn Matz disposed of roughly 1,200 shares at a similar price, netting about $500,000 (near ₩700 million). Furthermore, on July 1, board member Mercedes Johnson sold 167 shares at $460 per share. All three transactions were conducted under pre-arranged Rule 10b5-1 trading plans.

In its Q1 2026 earnings report released April 28, Teradyne reported revenue of $1.282 billion, up 87% year-over-year, marking record quarterly sales and profits. The company noted that approximately 70% of its revenue came from AI-related demand—particularly data-center semiconductors—and continues to pay a quarterly dividend of $0.13 per share as of June 12.

Headquartered in North Reading, Massachusetts, Teradyne designs, develops and manufactures automated test equipment and industrial robots for semiconductor manufacturers and electronics firms worldwide. Since its founding in 1960, the company has built a leading position in automated testing. Recently, expanded testing demand for high-performance AI server chips and memory products has been cited as a key driver of its growth.