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Apple Investigating Stock Split: Top Analyst


According to proprietary research from top Bernstein analyst Tony Sacconaghi, Apple is seriously looking at a stock split.

In a live interview on CNBC's Halftime Report Sacconaghi says “Our belief is that there’s a reasonable likelihood that Apple will split the stock. We’re confident that the company is looking at that topic and that they’ve started soliciting input on that topic. That last time they solicited input from investors was on the dividend and in short order we had one."

If you're wondering about a time frame, Sacconaghi says "there's reasonable likelihood it comes in the next 6 months."

Apple Investigating Stock Split?

If Sacconaghi's research is correct, it could be a big deal because it would make Apple more accessible to smaller investors.

Although a split would not impact the total dollar value of holdings, it would make each share of Apple less expensive.

For example, at $600, in a 2-1 split each shareholder would receive 1 additional share for each share they hold. In this example Apple would become a $300 stock.

Or, in a 10-1 split each shareholder would receive 9 additional shares for each share they hold. In this example Apple would become a $60 stock.

And the Fast Money traders add that Apple is so popular - if more retail investors can afford more shares of Apple - that alone may be a catalyst. "Even if it's psychological, shares trading at $300 or $60 would see more buyers than those trading at $600," optionMonster Jon Najarian tells us after the broadcast.

What do you think? We want to know!

Posted by CNBC's Lee Brodie

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Trader disclosure: On August 8, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long USB; Joe Terranova is long GS; Joe Terranova is long JPM; Joe Terranova is long YHOO; Joe Terranova is long SBUX; Joe Terranova is long WFM; Joe Terranova is long AAPL; Joe Terranova is long NXPI; Joe Terranova is long EMC; Steve Grasso is long HPQ; Steve Grasso is long MU; Steve Grasso is long DD; Steve Grasso is long ZNGA; Steve Grasso is long MSFT; Anthony Scaramucci is long AAPL; Anthony Scaramucci is long C; Anthony Scaramucci is long JPM; Anthony Scaramucci is long GS; Anthony Scaramucci is long WMT; Jon Najarian is long call spreads in GMCR; Jon Najarian is long call spreads in OCN; Jon Najarian is long call spreads in SBUX; Jon Najarian is long call spreads in YELP; Jon Najarian is long call spreads in MON; Jon Najarian is long put spreads in HPQ; Jon Najarian is long put spreads in KCG; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long CIGX; Jon Najarian is long GLUU

For Dennis Gartman
Dennis Gartman is long Gold in yen Terms

For Toni Sacconaghi
Bernstein currently makes a market in the following companies AAPL
Toni Sacconaghi maintains a long position in Seagate Technology STX

CNBC.com with wires.