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Amtech Systems (ASYS) has 3 splits in our ASYS split history database. The first split for ASYS took place on April 16, 1996. This was a 2 for 1 split, meaning for each share of ASYS owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. ASYS's second split took place on March 16, 1999. This was a 1 for 2 reverse split, meaning for each 2 shares of ASYS owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 1000 share position following the split. ASYS's third split took place on June 07, 1993. This was a 1 for 2 reverse split, meaning for each 2 shares of ASYS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as Amtech Systems splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Amtech Systems 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 ASYS split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Amtech Systems shares, starting with a $10,000 purchase of ASYS, presented on a split-history-adjusted basis factoring in the complete ASYS split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-4.01%|
|About Amtech Systems|
|Amtech Systems is a manufacturer of capital equipment. Co.'s segments include: Semiconductor, which supplies thermal processing equipment, including solder reflow ovens, diffusion furnaces, and customer high-temp belt furnaces for use by semiconductor and electronics assembly manufacturers; Silicon Carbide/Light-Emitting Diodes, which produces substrate consumables and machinery for lapping (fine abrading) and polishing of materials, such as silicon wafers and sapphire wafers; and Automation, which supplies semiconductor and solar automation with in-house design and manufacturing capabilities and provides single wafer transfer tools as well as batch transfer tools and stocker options. According to our ASYS split history records, Amtech Systems has had 3 splits.|
|ASYS Split History Table|
|04/16/1996||2 for 1|
|03/16/1999||1 for 2|
|06/07/1993||1 for 2|
|Technology Stock Splits|
|ASYS 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: ASYS shares outstanding history