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 Video: What is a Stock Split?
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| Cree is a developer of bandgap semiconductors. Co.'s products include: silicon carbide and gallium nitride (GaN) materials, which consist of silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers; power devices, which consist of silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules and gate driver boards; and radio-frequency devices, which consist of GaN-based die, high-electron mobility transistors, monolithic microwave integrated circuits, and laterally diffused MOSFET power transistors that are optimized for telecommunications infrastructure, military and other commercial applications. According to our CREE split history records, CREE has had 3 splits. | |
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CREE (CREE) has 3 splits in our CREE split history database. The first split for CREE took place on August 16, 1995. This was a 2 for 1
split, meaning for each share of CREE 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. CREE's second split took place on August 02, 1999. This was a 2 for 1
split, meaning for each share of CREE 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. CREE's third split took place on December 11, 2000. This was a 2 for 1 split, meaning for each share of CREE 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.
When a company such as CREE 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 CREE split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CREE shares, starting with a $10,000 purchase of CREE, presented on a split-history-adjusted basis factoring in the complete CREE split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/27/2015 |
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| End date: |
10/01/2021 |
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| Start price/share: |
$36.86 |
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| End price/share: |
$79.12 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
114.65% |
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| Average Annual Total Return: |
12.12% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,471.17 |
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| Years: |
6.68 |
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| Date |
Ratio |
| 08/16/1995 | 2 for 1
| | 08/02/1999 | 2 for 1
| | 12/11/2000 | 2 for 1 |
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