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QuickLogic (QUIK) has 1 split in our QUIK split history database. The split for QUIK took place on December 24, 2019. This was a 1 for 14 reverse split, meaning for each 14 shares of QUIK owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 71.4285714285714 share position following the split.
When a company such as QuickLogic 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 QUIK split history from start to finish, an original position size of 1000 shares would have turned into 71.4285714285714 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into QuickLogic shares, starting with a $10,000 purchase of QUIK, presented on a split-history-adjusted basis factoring in the complete QUIK split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-27.90%|
|QuickLogic is a fabless semiconductor company that develops a platform for artificial intelligence (AI), voice and sensor processing. The platform is based on Co.'s embedded FPGA, (eFPGA), intellectual property (IP), low power, multi-core semiconductor system-on-chips (SoCs), and AI software. Co.'s customers can use Co.'s eFPGA IP for hardware acceleration and pre-processing, Co.'s SoCs to build their hardware around. Co. also works with mobile processor manufacturers, sensor manufacturers, and voice recognition, sensor fusion and context awareness algorithm developers in the development of reference designs. According to our QUIK split history records, QuickLogic has had 1 split.|
|QUIK Split History Table|
|12/24/2019||1 for 14|
|Technology Stock Splits|
|QUIK 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: QUIK shares outstanding history