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 Video: What is a Stock Split?
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| Nam Tai Electronics is an electronics manufacturing and design services provider to a select group of the world's OEMs of telecommunications and consumer electronic products. Through its electronics manufacturing services operations, Co. manufactures electronic components and sub-assemblies, including flexible printed circuit board (FPCB), FPCB subassemblies, liquid crystal display (LCD) modules, LCD panels, thin film transistor display modules, radio frequency modules, digital audio broadcast modules, internet radio subassemblies, image sensors modules and printed circuit board assemblies. Co. also manufactures mobile phone accessories, home entertainment and educational products. According to our NTE split history records, NTE has had 2 splits. | |
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NTE (NTE) has 2 splits in our NTE split history database. The first split for NTE took place on July 08, 2003. This was a 3 for 1 split, meaning for each share of NTE owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. NTE's second split took place on November 05, 2003. This was a 11 for 10 split, meaning for each 10 shares of NTE owned pre-split, the shareholder now owned 11 shares. For example, a 3000 share position pre-split, became a 3300 share position following the split.
When a company such as NTE 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 NTE split history from start to finish, an original position size of 1000 shares would have turned into 3300 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NTE shares, starting with a $10,000 purchase of NTE, presented on a split-history-adjusted basis factoring in the complete NTE split history.
NTE -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 07/08/2003 | 3 for 1 | | 11/05/2003 | 11 for 10 |
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