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 Video: What is a Stock Split?
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| Illumina is engaged in sequencing- and array-based solutions for genetic and genomic analysis. Co.'s products and services enable the adoption of genomic solutions in research and clinical settings. Co.'s principal products, services, and technologies are: sequencing, which includes Deoxyribonucleic acid (DNA) sequencing, a process of determining the order of nucleotide bases (A, C, G, or T) in a DNA sample; arrays, which are used for a range of DNA and RNA analysis applications; consumables, which Co. has developed various library preparation and sequencing kits; and services, which provides whole-genome sequencing, genotyping, noninvasive prenatal testing, and product support services. According to our Illumina stock split history records, Illumina has had 1 split. | |
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Illumina (ILMN) has 1 split in our Illumina stock split history database. The split for ILMN took place on September 23, 2008. This was a 2 for 1 split, meaning for each share of ILMN 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 Illumina 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 Illumina stock 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 Illumina shares, starting with a $10,000 purchase of ILMN, presented on a split-history-adjusted basis factoring in the complete Illumina stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/18/2024 |
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| Start price/share: |
$147.98 |
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| End price/share: |
$116.69 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-21.14% |
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| Average Annual Total Return: |
-2.35% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$7,884.08 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/23/2008 | 2 for 1 |
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