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 Video: What is a Stock Split?
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| OmniVision Technologies designs, develops and markets semiconductor image-sensor devices. Co.'s main products, image-sensing devices which it refers to as CameraChip™ image sensors, capture an image electronically and are used in a number of consumer and commercial market applications. Co. also integrates its CameraChip image sensors with wafer-level optics, which it refers to as CameraCubeChip™ imaging devices. Also, Co. provides companion digital signal processors that perform compression in standardized still photo and digital video formats. Co. also designs and develops software drivers for Linux, Mac OSX and Microsoft Windows, and for embedded operating systems such as Android. According to our OVTI split history records, OVTI has had 1 split. | |
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OVTI (OVTI) has 1 split in our OVTI split history database. The split for OVTI took place on February 18, 2004. This was a 2 for 1 split, meaning for each share of OVTI 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.
When a company such as OVTI 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 OVTI split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into OVTI shares, starting with a $10,000 purchase of OVTI, presented on a split-history-adjusted basis factoring in the complete OVTI split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/21/2015 |
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| End date: |
01/28/2016 |
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| Start price/share: |
$27.07 |
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| End price/share: |
$29.38 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
8.53% |
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| Annualized Gain: |
12.36% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,853.00 |
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| Years: |
0.69 |
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| Date |
Ratio |
| 02/18/2004 | 2 for 1 |
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