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Tower Semiconductor (TSEM) has 1 split in our TSEM split history database. The split for TSEM took place on August 06, 2012. This was a 1 for 15 reverse split, meaning for each 15 shares of TSEM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as Tower Semiconductor 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 TSEM split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Tower Semiconductor shares, starting with a $10,000 purchase of TSEM, presented on a split-history-adjusted basis factoring in the complete TSEM split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||19.76%|
|About Tower Semiconductor|
|Tower Semiconductor is a pure-play independent foundry focused on the manufacturing of semiconductors. Co. manufactures semiconductors based on third party designs. Co. provides the process manufacture geometries of 0.35, 0.50, 0.55, 0.60, 0.80-micron and above on 150-mm wafers and 0.35, 0.18. 0.16, 0.13 and 0.11-micron on 200-mm wafers and 65 nanometer and 45 nanometer on 300-mm wafers. Co. also provides design support and complementary technical services. Integrated circuits manufactured by Co. is incorporated into a range of products in various markets, including consumer electronics, personal computers, communications, automotive, industrial, aerospace and medical device products. According to our TSEM split history records, Tower Semiconductor has had 1 split.|
|TSEM Split History Table|
|08/06/2012||1 for 15|
|Technology Stock Splits|
|TSEM 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: TSEM shares outstanding history