Insider Trading April 9, 2026 12:13 PM

Teradyne Executive Sells Small Stake as Company Nears 52-Week High

Regan Mills disposed of 16 shares on April 8, 2026; Teradyne's stock sits close to its yearly peak amid product launches and mixed analyst targets

By Derek Hwang TER
Teradyne Executive Sells Small Stake as Company Nears 52-Week High
TER

Regan Mills, President, Product Test at Teradyne, INC (NASDAQ:TER), sold 16 shares of company stock on April 8, 2026 at $342.17, a transaction disclosed on a Form 4 filing. An administrative correction led to an additional 16-share sale the same day under a Rule 10b5-1 sales plan adopted on November 25, 2025. The move comes while Teradyne trades near its 52-week high of $358.69, after a 353% gain over the prior 12 months. The company has introduced new testing platforms and seen varying analyst price targets, while InvestingPro indicates the stock may be overvalued relative to fair value.

Key Points

  • Regan Mills, President, Product Test at Teradyne, INC (NASDAQ:TER), sold 16 shares on April 8, 2026 at $342.17 for a total of $5,474, as reported on a Form 4 filing.
  • An administrative correction prompted an additional sale of 16 shares on April 8, 2026 under a Rule 10b5-1 plan adopted November 25, 2025; Mills now directly owns 11,399.3452 shares.
  • Teradyne trades near a 52-week high of $358.69 after a 353% gain over the past year; the stock carries a P/E of 104.33 and InvestingPro indicates it appears overvalued relative to Fair Value. Recent product launches and differing analyst price targets signal evolving demand dynamics in semiconductor test equipment and data center hardware markets.

Regan Mills, who holds the title of President, Product Test at Teradyne, INC (NASDAQ:TER), reported a sale of 16 shares of common stock on April 8, 2026, at a reported price of $342.17 per share, for an aggregate value of $5,474. That transaction was disclosed in a Form 4 filing submitted to the Securities and Exchange Commission.

The filing also notes an administrative correction related to the number of shares withheld by the issuer to satisfy the reporting person’s tax withholding obligations. Following that correction, an additional 16 shares were sold on April 8, 2026 under a sales plan the reporting person adopted on November 25, 2025. The sales plan was intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934. The filing does not provide additional pricing detail for the second 16-share sale beyond its occurrence on the same date.

After the transactions reported on the Form 4, Mills is recorded as directly owning 11,399.3452 shares of Teradyne, INC. The company’s share price sits close to a 52-week high of $358.69, and the stock has recorded a 353% increase over the past year.

On valuation metrics, Teradyne currently trades at a price-to-earnings ratio of 104.33. According to InvestingPro analysis cited in the disclosure, the stock appears overvalued relative to its Fair Value. InvestingPro coverage also notes that Teradyne is among the more than 1,400 U.S. equities covered by its Pro Research Reports.

Operationally, Teradyne has recently announced two new platforms. The Photon 100 is presented as an automated test platform for silicon photonics, while the Omnyx platform targets circuit board testing in data centers. Both platforms are described as being designed to support high-volume production and to address manufacturing challenges presented by complex assemblies.

Analyst commentary accompanying these product developments has been varied. Aletheia flagged a rebound in Taiwan’s tester imports, noting the potential to benefit Teradyne because of large orders for Rubin and networking-related testers. Morgan Stanley adjusted its price target for Teradyne to $306, citing stronger networking growth forecasts. Cantor Fitzgerald raised its target to $330, pointing to what it described as the company’s material shift toward artificial intelligence.

These corporate developments, analyst revisions, and the insider transactions occur as Teradyne’s shares trade near their yearly high and as third-party analysis raises valuation questions. The Form 4 filing and the company’s public disclosures provide the factual basis for the transactions and the related ownership information.


Additional context and disclosures: The Form 4 filing is the public record for the insider sale and the administrative correction referenced. The sales plan was adopted on November 25, 2025 and was intended to comply with Rule 10b5-1.

Risks

  • Valuation risk - InvestingPro analysis indicates Teradyne appears overvalued relative to its Fair Value, which may affect investor expectations in the semiconductor equipment sector.
  • Demand uncertainty - Analyst notes point to dependency on regional tester import dynamics, such as a rebound in Taiwan’s tester imports, which introduces variability in order flow for equipment makers and impacts the broader semiconductor testing market.
  • Analyst divergence - Differing price targets from Morgan Stanley ($306) and Cantor Fitzgerald ($330) reflect varying forecasts for networking and AI-driven growth, underscoring uncertainty in revenue and margin trajectories for companies supplying data center and networking hardware.

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