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|HITT Stock Split History|
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HITT (HITT) has 1 split in our HITT split history database. The split for HITT took place on March 19, 1999. This was a 1 for 7 reverse split, meaning for each 7 shares of HITT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 142.857142857143 share position following the split.
When a company such as HITT 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 HITT split history from start to finish, an original position size of 1000 shares would have turned into 142.857142857143 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HITT shares, starting with a $10,000 purchase of HITT, presented on a split-history-adjusted basis factoring in the complete HITT split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||12.18%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||12.14%|
|Hittite Microwave designs and develops integrated circuits, modules, subsystems and instrumentation for radio frequency (RF) microwave and millimeterwave applications. Co. provides a range of radio frequency integrated circuits, monolithic microwave integrated circuits, multi-chip modules and subsystems that perform a variety of signal processing functions and that operate across the RF, microwave, millimeterwave, and visible light frequency spectrum. Co.'s products are used in a variety of applications, such as cellular base stations, microwave and millimeterwave radio systems, broadband wireless access systems and direct broadcast satellite systems. According to our HITT split history records, HITT has had 1 split.|
|HITT Split History Table|
|03/19/1999||1 for 7|
|Technology Stock Splits|
|HITT is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|