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Video: What is a Stock Split?
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Credo Technology Group Holding is a holding company. Through its subsidiary, Co. is engaged in providing connectivity solutions that deliver power as data rates and corresponding bandwidth requirements throughout the data infrastructure market. Co.'s products are based on its Serializer/Deserializer (SerDes) and Digital Signal Processor technologies. Co.'s product families include integrated circuits, Active Electrical Cables and SerDes Chiplets. Co.'s intellectual property (IP) solutions consist primarily of SerDes IP licensing. Co. sells its products to hyperscale data centers and cloud infrastructure providers, 5G wireless, enterprise networking and high performance computing customers. According to our Credo Technology Group Holding stock split history records, Credo Technology Group Holding has had 1 split. | |
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Credo Technology Group Holding (CRDO) has 1 split in our Credo Technology Group Holding stock split history database. The split for CRDO took place on September 05, 2008. This was a 1 for 1000 reverse split, meaning for each 1000 shares of CRDO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 1 share position following the split.
When a company such as Credo Technology Group Holding conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the Credo Technology Group Holding stock split history from start to finish, an original position size of 1000 shares would have turned into 1 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Credo Technology Group Holding shares, starting with a $10,000 purchase of CRDO, presented on a split-history-adjusted basis factoring in the complete Credo Technology Group Holding stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/28/2022 |
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End date: |
05/03/2024 |
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Start price/share: |
$11.19 |
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End price/share: |
$17.18 |
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Dividends collected/share: |
$0.00 |
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Total return: |
53.53% |
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Average Annual Total Return: |
20.89% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,354.12 |
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Years: |
2.26 |
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Date |
Ratio |
09/05/2008 | 1 for 1000 |
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