Where Will Applied Materials Stock Be in 1 Year?

The past year has been a somewhat disappointing one for Applied Materials (NASDAQ: AMAT) investors. Share prices of the semiconductor equipment supplier did gain 15.5%, but they have underperformed the 31.5% gains clocked by the S&P 500 index over the same period.The stock's below-par performance can be attributed to the drop in semiconductor sales last year. More specifically, global semiconductor sales saw a decline of 8.2% in 2023. However, the industry's fortunes have changed remarkably in 2024, with sales expected to increase by 19% to $627 billion. But will that be enough to spur demand for Applied Materials' equipment and help the stock deliver stronger gains in the coming year?Applied Materials' revenue in fiscal 2024 (which ended on Oct. 27) increased by just 2% from the previous year to $27.2 billion. The company's adjusted earnings were up 7% in fiscal 2024 to $8.65 per share. The good news for Applied Materials investors is that the semiconductor industry's growth trajectory is set to continue in 2025, with sales expected to increase by 11.2% to $697 billion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool