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 Video: What is a Stock Split?
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| Designs and manufactures display modules and display system solutions develops and manufactures microdisplays and provides electronic manufacturing services for original equipment manufacturers. According to our TFS split history records, TFS has had 3 splits. | |
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TFS (TFS) has 3 splits in our TFS split history database. The first split for TFS took place on May 05, 1994. This was a 2 for 1
split, meaning for each share of TFS 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. TFS's second split took place on December 20, 1999. This was a 4 for 3
split, meaning for each 3
shares of TFS owned pre-split, the shareholder now owned 4 shares. For example, a 2000 share position pre-split, became a 2666.66666666667 share position following the split. TFS's third split took place on May 15, 2000. This was a 3 for 2
split, meaning for each 2
shares of TFS owned pre-split, the shareholder now owned 3 shares. For example, a 2666.66666666667 share position pre-split, became a 4000 share position following the split.
When a company such as TFS 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 TFS split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TFS shares, starting with a $10,000 purchase of TFS, presented on a split-history-adjusted basis factoring in the complete TFS split history.
TFS -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 05/05/1994 | 2 for 1
| | 12/20/1999 | 4 for 3
| | 05/15/2000 | 3 for 2
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