Stock Split Watch: Is Applied Materials Next?
Applied Materials (NASDAQ: AMAT) is a linchpin of the semiconductor market. It's one of the world's top suppliers of chip manufacturing equipment, and it serves a broad range of customers across the foundry, logic, and memory chip markets. Its major customers include Taiwan Semiconductor Manufacturing, Samsung, Intel, and Micron Technology.
Over the past 10 years, Applied Materials' stock has rallied nearly 600%. From fiscal 2014 to fiscal 2024 (which ended this October), its revenue grew at a compound annual growth rate (CAGR) of 12% as its earnings per share (EPS) increased at a CAGR of 26%. That robust growth was driven by the ongoing expansion of the semiconductor market. But with its stock currently trading at about $170, some investors might be wondering if Applied Materials might split its shares again.
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Source Fool.com
