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Axcelis Technologies (ACLS) has 1 split in our ACLS split history database. The split for ACLS took place on July 01, 2016. This was a 1 for 4 reverse split, meaning for each 4 shares of ACLS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as Axcelis Technologies conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the ACLS split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Axcelis Technologies shares, starting with a $10,000 purchase of ACLS, presented on a split-history-adjusted basis factoring in the complete ACLS split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||14.98%|
|About Axcelis Technologies|
|Axcelis Technologies designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. Co. also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. Co. provides high energy, high current and medium current implanters for all application requirements. Co.'s Purion systems are all based on a common platform which enables a combination of implant purity, precision and productivity by combining a single wafer end station, with a spot beam architecture. Co.'s other products include curing systems, and thermal processing systems. According to our ACLS split history records, Axcelis Technologies has had 1 split.|
|ACLS Split History Table|
|07/01/2016||1 for 4|
|Technology Stock Splits|
|ACLS is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ACLS shares outstanding history