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|LRCX Stock Split History|
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Lam Research (LRCX) has 2 splits in our LRCX split history database. The first split for LRCX took place on September 16, 1993. This was a 3 for 2 split, meaning for each 2 shares of LRCX owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. LRCX's second split took place on March 17, 2000. This was a 3 for 1 split, meaning for each share of LRCX owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 4500 share position following the split.
When a company such as Lam Research 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.
Looking at the LRCX split history from start to finish, an original position size of 1000 shares would have turned into 4500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Lam Research shares, starting with a $10,000 purchase of LRCX, presented on a split-history-adjusted basis factoring in the complete LRCX split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||30.44%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||29.43%|
|About Lam Research|
|Lam Research is a supplier of wafer fabrication equipment and services to the semiconductor industry. Co. designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Co.'s customer base includes semiconductor memory, foundry, and integrated device manufacturers that make products such as non-volatile memory, dynamic random-access memory, and logic devices. Co.'s services include customer service, spares, improvement, and refurbishment of its deposition, etch, and clean products. Co. sells its products and services to companies in the U.S., China, Europe, Japan, Korea, Southeast Asia, and Taiwan. According to our LRCX split history records, Lam Research has had 2 splits.|
|LRCX Split History Table|
|09/16/1993||3 for 2|
|03/17/2000||3 for 1|
|Industrials Stock Splits|
|LRCX is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: LRCX shares outstanding history