- Microchip Technology (NASDAQ:MCHP) announced a 2-for-1 stock split in August and it has gone into effect today. These are the details.
Microchip Technology (NASDAQ:MCHP) – a leading provider of smart, connected and secure embedded control solutions – announced a 2-for-1 stock split in August and it has gone into effect today. This stock split is being implemented to increase trading liquidity and to place the stock in a more attractive trading range for retail investors.
The stock split will be effective for stockholders of record after the market closed on October 4, 2021. And additional shares were issued to stockholders of record yesterday at the rate of one additional share for every one share held. The adjusted number of shares outstanding and the adjusted per-share stock price will be reported by Nasdaq effective today.
Microchip Technology is known as a leading provider of smart, connected, and secure embedded control solutions. And its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market.
The company’s solutions serve approximately 120,000 customers across the industrial, automotive, consumer, aerospace and defense, communications, and computing markets. Based in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality.
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