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 Video: What is a Stock Split?
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| Illumina, Inc. is engaged in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Its products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. Its product categories include Instruments, Kits & Reagents, Selection Tools, and Software & Analysis. Its Instruments category include sequencing platforms, microarray scanners, and IVD instruments. Its Kits & Reagents category consists of library preparation kits, sequencing reagents, microarray kits, clinical research products, and IVD products. According to our ILMN split history records, Illumina has had 2 splits. | |
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Illumina (ILMN) has 2 splits in our ILMN split history database. The first split for ILMN took place on September 23, 2008. This was a 2 for 1 split, meaning for each share of ILMN 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. ILMN's second split took place on June 25, 2024. This was a 1028 for 1000 split, meaning for each 1000 shares of ILMN owned pre-split, the shareholder now owned 1028 shares. For example, a 2000 share position pre-split, became a 2056 share position following the split.
When a company such as Illumina 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 ILMN split history from start to finish, an original position size of 1000 shares would have turned into 2056 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Illumina shares, starting with a $10,000 purchase of ILMN, presented on a split-history-adjusted basis factoring in the complete ILMN split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/05/2014 |
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| End date: |
12/03/2024 |
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| Start price/share: |
$184.73 |
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| End price/share: |
$140.60 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-23.89% |
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| Average Annual Total Return: |
-2.69% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$7,612.76 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/23/2008 | 2 for 1 | | 06/25/2024 | 1028 for 1000 |
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