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Santa Clara, CA—On April 1, 2025, Adam Sanders, the Corporate Controller and Chief Accounting Officer of Applied Materials Inc. (NASDAQ:AMAT), a prominent $110 billion semiconductor equipment manufacturer, executed a significant transaction involving the company’s common stock. According to a recent SEC filing, Sanders sold 450 shares at a price of $144.83 each, resulting in a total transaction value of $65,173. The transaction comes as the stock trades near its 52-week low, with InvestingPro analysis suggesting the company is currently undervalued.
In addition to the sale, Sanders had 215 shares automatically withheld to cover tax obligations upon the vesting of restricted stock units. These shares were valued at $145.66 each, amounting to $31,316. Following these transactions, Sanders holds 5,862 shares of the company’s stock.
The withheld shares were part of a routine process to manage tax liabilities, as noted in the filing, and were conducted in a manner exempt from certain regulatory requirements. Sanders’ remaining shares include restricted stock units that are scheduled to vest in installments from July 2025 through January 2029, contingent on continued employment. For deeper insights into Applied Materials’ valuation and 12+ additional exclusive ProTips, visit InvestingPro.
In other recent news, Applied Materials has announced a 15% increase in its quarterly cash dividend, raising it to $0.46 per share, and has authorized a new $10 billion share repurchase program. This move aligns with the company’s strategy to return value to shareholders, reflecting a strong business outlook. Additionally, Applied Materials secured a $2 billion credit facility, replacing a previous $1.5 billion agreement, offering increased financial flexibility until 2030. The company also unveiled the SEMVision™ H20 system, an advanced defect analysis tool designed to enhance chip manufacturing accuracy using AI and eBeam technology. Applied Materials held its Annual Meeting of Shareholders, where all ten director nominees were elected, and executive compensation for fiscal year 2024 was approved. The company also ratified KPMG LLP as its independent auditor for fiscal year 2025. In related developments, Applied Materials experienced a 1.3% rise in stock value, following Broadcom (NASDAQ:AVGO)’s optimistic forecast in the chip sector. These recent developments underscore Applied Materials’ ongoing efforts to strengthen its financial position and technological capabilities.
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