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 Video: What is a Stock Split?
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| National Instruments provides application software and modular, multifunction hardware that users combine with computers, networks and third-party devices to create automated test and automated measurement systems. Co. provides products used to create virtual instrumentation systems for general, commercial, industrial and scientific applications. Co. provides a variety of software tools for programming automated test and automated measurement applications. This software offering includes NI LabVIEW, a graphical programming approach that helps visualize every aspect of the application, including hardware configuration, measurement data, and debugging. According to our NATI split history records, National Instruments has had 4 splits. | |
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National Instruments (NATI) has 4 splits in our NATI split history database. The first split for NATI took place on November 13, 1997. This was a 3 for 2
split, meaning for each 2
shares of NATI 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. NATI's second split took place on August 23, 1999. This was a 3 for 2
split, meaning for each 2
shares of NATI owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. NATI's third split took place on February 23, 2004. This was a 3 for 2 split, meaning for each 2 shares of NATI owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. NATI's 4th split took place on February 23, 2011. This was a 3 for 2 split, meaning for each 2 shares of NATI owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split.
When a company such as National Instruments 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 NATI split history from start to finish, an original position size of 1000 shares would have turned into 5062.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into National Instruments shares, starting with a $10,000 purchase of NATI, presented on a split-history-adjusted basis factoring in the complete NATI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/03/2013 |
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| End date: |
10/11/2023 |
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| Start price/share: |
$30.45 |
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| End price/share: |
$59.98 |
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| Starting shares: |
328.41 |
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| Ending shares: |
416.47 |
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| Dividends reinvested/share: |
$9.00 |
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| Total return: |
149.80% |
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| Average Annual Total Return: |
9.73% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,975.19 |
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| Years: |
9.86 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/03/2013 |
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| End date: |
10/11/2023 |
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| Start price/share: |
$30.45 |
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| End price/share: |
$59.98 |
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| Dividends collected/share: |
$9.00 |
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| Total return: |
126.54% |
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| Average Annual Total Return: |
8.65% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,655.01 |
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| Years: |
9.86 |
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| Date |
Ratio |
| 11/13/1997 | 3 for 2
| | 08/23/1999 | 3 for 2
| | 02/23/2004 | 3 for 2 | | 02/23/2011 | 3 for 2 |
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