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 Video: What is a Stock Split?
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| Cognex is a provider of machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks where vision is required. Machine vision products are used to automate the manufacturing and tracking of discrete items, such as mobile phones, aspirin bottles, and automobile tires, by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. Co.'s products have a variety of physical forms. For example, customers can purchase vision software to use with their own camera and processor, or they can purchase a standalone unit that combines camera, processor, and software into a single package. According to our CGNX split history records, Cognex has had 5 splits. | |
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Cognex (CGNX) has 5 splits in our CGNX split history database. The first split for CGNX took place on February 18, 1992. This was a 2 for 1
split, meaning for each share of CGNX 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. CGNX's second split took place on October 01, 1993. This was a 2 for 1
split, meaning for each share of CGNX owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. CGNX's third split took place on December 19, 1995. This was a 2 for 1
split, meaning for each share of CGNX owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. CGNX's 4th split took place on September 17, 2013. This was a 2 for 1 split, meaning for each share of CGNX owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split. CGNX's 5th split took place on December 04, 2017. This was a 2 for 1 split, meaning for each share of CGNX owned pre-split, the shareholder now owned 2 shares. For example, a 16000 share position pre-split, became a 32000 share position following the split.
When a company such as Cognex 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 CGNX split history from start to finish, an original position size of 1000 shares would have turned into 32000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cognex shares, starting with a $10,000 purchase of CGNX, presented on a split-history-adjusted basis factoring in the complete CGNX split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/05/2013 |
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| End date: |
06/02/2023 |
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| Start price/share: |
$11.14 |
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| End price/share: |
$56.87 |
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| Starting shares: |
897.67 |
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| Ending shares: |
956.74 |
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| Dividends reinvested/share: |
$3.68 |
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| Total return: |
444.10% |
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| Average Annual Total Return: |
18.46% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$54,389.58 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/05/2013 |
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| End date: |
06/02/2023 |
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| Start price/share: |
$11.14 |
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| End price/share: |
$56.87 |
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| Dividends collected/share: |
$3.68 |
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| Total return: |
443.58% |
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| Average Annual Total Return: |
18.45% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$54,343.70 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 02/18/1992 | 2 for 1
| | 10/01/1993 | 2 for 1
| | 12/19/1995 | 2 for 1
| | 09/17/2013 | 2 for 1 | | 12/04/2017 | 2 for 1 |
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