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EMCORE (EMKR) has 2 splits in our EMKR split history database. The first split for EMKR took place on September 26, 2000. This was a 2 for 1 split, meaning for each share of EMKR 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. EMKR's second split took place on February 16, 2012. This was a 1 for 4 reverse split, meaning for each 4 shares of EMKR owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 500 share position following the split.
When a company such as EMCORE 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 EMCORE 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 EMKR 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 EMCORE shares, starting with a $10,000 purchase of EMKR, presented on a split-history-adjusted basis factoring in the complete EMKR split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-2.76%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-1.18%|
|EMCORE is engaged in the linear fiber optic transmission technology that enabled the delivery of Cable TV directly on fiber and provides mixed-signal products for the aerospace and defense and broadband communications markets. The mixed-signal technology is shared with Co.'s fiber optic gyros (FOG) and inertial sensors to provide the aerospace and defense markets with navigation systems technology. Co.'s indium phosphide compound semiconductor wafer fabrication facility and quartz processing and sensor manufacturing facility support its manufacturing for quartz and FOG products for navigation systems, and for its chip, laser, transmitter, and receiver products for broadband applications. According to our EMKR split history records, EMCORE has had 2 splits.|
|EMKR Split History Table|
|09/26/2000||2 for 1|
|02/16/2012||1 for 4|
|Technology Stock Splits|
|EMKR 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: EMKR shares outstanding history