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 Video: What is a Stock Split?
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| Lam Research Corporation is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Co. designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Its products and services are designed to help its customers build devices that are used in a variety of electronic products, including mobile phones, personal computers, servers, wearables, automotive vehicles, and data storage devices. Its product families include ALTUS, SABRE, SPEED, Striker, VECTOR, Flex, Vantex, Kiyo, Versys Metal, Syndion, Coronus, and DV-Prime, Da Vinci, EOS, and SP Series. According to our LRCX split history records, Lam Research has had 3 splits. | |
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Lam Research (LRCX) has 3 splits in our LRCX split history database. The first split for LRCX took place on September 16, 1993. This was a 3 for 2
split, meaning for each 2
shares of LRCX owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. LRCX's second split took place on March 17, 2000. This was a 3 for 1
split, meaning for each share of LRCX owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 4500 share position following the split. LRCX's third split took place on October 03, 2024. This was a 10 for 1 split, meaning for each share of LRCX owned pre-split, the shareholder now owned 10 shares. For example, a 4500 share position pre-split, became a 45000 share position following the split.
When a company such as Lam Research 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 LRCX split history from start to finish, an original position size of 1000 shares would have turned into 45000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Lam Research shares, starting with a $10,000 purchase of LRCX, presented on a split-history-adjusted basis factoring in the complete LRCX split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
12/06/2024 |
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| Start price/share: |
$8.23 |
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| End price/share: |
$76.59 |
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| Starting shares: |
1,215.07 |
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| Ending shares: |
1,400.06 |
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| Dividends reinvested/share: |
$4.33 |
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| Total return: |
972.31% |
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| Average Annual Total Return: |
26.77% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$107,192.62 |
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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: |
12/09/2014 |
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| End date: |
12/06/2024 |
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| Start price/share: |
$8.23 |
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| End price/share: |
$76.59 |
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| Dividends collected/share: |
$4.33 |
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| Total return: |
883.21% |
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| Average Annual Total Return: |
25.68% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$98,324.49 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/16/1993 | 3 for 2
| | 03/17/2000 | 3 for 1
| | 10/03/2024 | 10 for 1 |
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