Bio-Techne Stock Split | What You Need to Know About TECH Split (2024)

Bio-Techne Stock Split | What You Need to Know About TECH Split (1)

The Bio-Techne (TECH) stock price has dropped close to 35.6% thus far in 2022, as most equities have been hit by negative changes in the macroeconomic backdrop.

Earlier this month, the Board of Directors of the biotech firm declared a cash and stock dividend that will effectively result in a Bio-Techne Corp stock split.

According to the official press release Bio-Techne published on 1 November, the company intends to perform a four-for-one split of its common stock. Stockholders of record by 14 November will receive the three additional shares that the company plans to issue. The stock dividend will be issued on 29 November, and the stock will trade on a split-adjusted basis the day after.

As of 18 November 2022, TECH was trading around the $333 mark, having shed over 35% of its value year-to-date (YTD).

Bio-Techne Corp. (TECH) Stock Price Chart

Here we share further details about the upcoming Bio-Techne stock split and clarify what it can potentially mean for both existing and prospective investors.

What is Bio-Techne (TECH)?

Bio-Techne is a Minneapolis-based biotech company that specialises in the manufacturing and commercialisation of reagents, such as proteins and antibodies, and diagnostics products, like calibrators and immunoassays.

The firm was founded in 1976 as Research and Diagnostics Systems, and renamed to the Bio-Techne Corporation 9 years after it merged with the Techne Corporation.

Bio-Techne’s business is divided into two segments: the Protein Sciences unit, which accounted for 75% of the company’s top line by the end of the 2022 fiscal year; and the Diagnostics and Genomics segment, which was responsible for producing the remaining 25% of the firm’s revenues.

During the 2022 fiscal year, which ended on 30 June, the company produced total revenues of $1.11bn and net income of $272m attributable to its shareholders.

As of March 2022, the company employed approximately 2,700 staff to run its operations across 35 different locations. The CEO is Charles Kummeth, who was appointed to the position in April 2013.

Bio-Techne stock is listed in the New York Stock Exchange (NYSE) under the ticker symbol ‘TECH’.

Bio-Techne Stock Split | What You Need to Know About TECH Split (2)

In the past 10 years, TECH has delivered gains of 432.7%.

During that same period, the tech-heavy Nasdaq 100 Index (US100) and the (US500) delivered gains of 351% and 184.4%, respectively.

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What is a stock split?

A stock split is a corporate action that consists of issuing a certain number of new common shares to existing investors to increase the company’s share count and reduce the price of the instrument in the public markets.

These operations typically have to be approved by the Board of Directors for publicly-traded companies. Their purpose, in theory, is to reduce the price of the instrument to make it more appealing to a larger group of investors.

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However, stock splits do not have a material impact on the financial performance or valuation of a business. Stockholders of record at the date established by the issuing company are entitled to receive the additional shares that the company is planning to create.

For example, in a 4-for-1 split, shareholders of record will receive 3 additional shares and own 4 shares instead of 1 after the transaction is completed. In this example, after the stock split is executed, the market price of the security will be divided by 4 the day after the operation is settled.

Bio-Techne stock split story: 2022 will see third TECH split on record

According to the latest Bio-Techne corp news, the company plans to perform a four-for-one stock split via a stock dividend to be issued on 29 November to stockholders of record as of 14 November this year.

Data from StockSplitHistory indicates that Bio-Techne has split its stock two times in the past. The first split occurred in November 1997 when the company’s board approved a 2-for-1 split. Three years later, in December 2000, another 2-for-1 Bio-Techne stock split was approved.

The upcoming split will be the third time that Bio-Techne has divided its stock since the merger between the two companies was completed.

Is another Bio-Techne stock split likely?

As of 18 November 2022, the price of Bio-Techne stock ws standing at $337.84 a share. If a 4-for-1 Bio-Techne stock split is performed today, the post-split price would be $84.46 per share.

This price is still high enough to justify further splits in the future. For example, another 4-for-1 split would take the price to the low 20s based on today’s market price.

At that price, Bio-Techne stock would still meet all of the listing requirements of the New York Stock Exchange (NYSE) and may make the stock more enticing to retail investors who don’t have access to fractional shares or who prefer to own a single stock and cast a vote during the company’s shareholders’ meetings.

The bottom line

Remember that news and data on an upcoming stock split can be valuable in terms of evaluating a company’s performance, but it should not be used in place of your own research.

You should always conduct your own due diligence before trading, looking at the latest news, a wide range of commentary, as well as technical and fundamental analysis.

Past performance does not guarantee future returns. And never trade money you cannot afford to lose.

FAQs

Is Bio-Techne a good investment?

Bio-Techne stock has outperformed broad-market indexes in the past 10 years, including the Nasdaq 100 and S&P 500.

You should always conduct your own due diligence before trading, looking at the latest news, a wide range of commentary, as well as technical and fundamental analysis. Past performance does not guarantee future returns. And never trade money you cannot afford to lose.

Who owns Bio-Techne?

According to data from GuruFocus, almost 84% of Bio-Techne’s common stock is in the hands of institutions including brokerage firms that hold the stock as custodians for their clients. Charles Kummeth is the most prominent insider shareholder, with 240,403 shares valued at $81.59m, based on the TECH stock price of 17 November 2022.

Is Bio-Techne a public company?

Yes. Bio-Techne stock is listed in the New York Stock Exchange (NYSE) and trades under the ticker symbol TECH.

Markets in this article

TECH
Bio-Techne Corp
72.71 USD

1.47 +2.070%

US500
US 500
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8 +0.160%

US100
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Introduction

I am an expert and enthusiast, and I can provide information and insights on a wide range of topics. I have access to a vast amount of information and can help answer your questions. Now, let's dive into the information related to the concepts mentioned in the article you provided.

Bio-Techne (TECH)

Bio-Techne is a biotech company based in Minneapolis that specializes in the manufacturing and commercialization of reagents, such as proteins and antibodies, as well as diagnostics products like calibrators and immunoassays [[7]]. The company was founded in 1976 as Research and Diagnostics Systems and later merged with Techne Corporation, leading to its current name, Bio-Techne Corporation [[7]]. The company operates in two segments: the Protein Sciences unit, which accounts for 75% of its revenue, and the Diagnostics and Genomics segment, which contributes the remaining 25% [[7]].

In the fiscal year 2022, which ended on June 30, Bio-Techne generated total revenues of $1.11 billion and had a net income of $272 million attributable to its shareholders [[7]]. The company employs approximately 2,700 staff across 35 different locations [[7]]. The CEO of Bio-Techne is Charles Kummeth, who has been in the position since April 2013 [[7]].

Bio-Techne's stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol 'TECH' [[7]]. Over the past 10 years, Bio-Techne's stock has delivered gains of 432.7% [[7]]. Comparatively, during the same period, the tech-heavy Nasdaq 100 Index (US100) delivered gains of 351%, and the broader S&P 500 Index (US500) gained 184.4% [[7]].

Stock Split

A stock split is a corporate action where a company issues a certain number of new common shares to existing investors, increasing the company's share count and reducing the price of the stock in the public markets [[9]]. The purpose of a stock split is to make the stock more affordable and appealing to a larger group of investors [[9]].

Bio-Techne has previously split its stock two times. The first split occurred in November 1997, when the company's board approved a 2-for-1 split. Another 2-for-1 stock split was approved in December 2000 [[10]]. Now, Bio-Techne plans to perform a four-for-one stock split via a stock dividend, with the dividend to be issued on November 29, 2022, to stockholders of record as of November 14, 2022 [[10]].

Stockholders of record will receive three additional shares for each share they own, resulting in a total of four shares instead of one after the split is completed [[10]]. After the stock split, the market price of the stock will be divided by four, adjusting for the increased number of shares [[10]].

As of November 18, 2022, Bio-Techne's stock price was around $337.84 per share. If the four-for-one stock split is performed, the post-split price would be approximately $84.46 per share [[10]]. This price may still justify further splits in the future, potentially making the stock more enticing to retail investors [[10]].

Conclusion

Bio-Techne is a biotech company specializing in reagents and diagnostics products. The company has announced a four-for-one stock split, which will be the third split in its history. Stock splits aim to increase affordability and appeal to a wider range of investors. It's important to conduct your own research and due diligence before making any investment decisions.

Please note that the information provided is based on the article you shared, and it's always a good idea to verify the latest information from reliable sources.

Bio-Techne Stock Split | What You Need to Know About TECH Split (2024)

FAQs

Bio-Techne Stock Split | What You Need to Know About TECH Split? ›

Bio-Techne stock split story: 2022 will see third TECH split on record. According to the latest Bio-Techne corp news, the company plans to perform a four-for-one stock split via a stock dividend to be issued on 29 November to stockholders of record as of 14 November this year.

What stocks are expected to split in 2024? ›

3 Potential Stock Splits to Add to Your 2024 Radar
  • Broadcom (AVGO) Source: Sasima / Shutterstock.com. Broadcom (NASDAQ:AVGO) is the most expensive stock on this list on a per-share basis. ...
  • Deckers Outdoor (DECK) Source: BalkansCat / Shutterstock. ...
  • Nvidia (NVDA) Source: Poetra.RH / Shutterstock.com.
Mar 20, 2024

Is it better to buy before or after a stock split? ›

Does it matter to buy before or after a stock split? If you buy a stock before it splits, you'll pay more per share than what it'll cost after it splits. If you're looking to buy into a stock at a cheaper price, you may want to wait until after the stock split.

How do you understand a stock split? ›

In a stock split, a company divides its existing stock into multiple shares to boost liquidity. Companies may also do stock splits to make share prices more attractive. For shareholders, the total dollar value of their investment remains the same because the split doesn't add real value.

How do you take the benefit of a stock split? ›

Simultaneously, the share price is halved to maintain the same total market value. So, if a company's stock was trading at Rs 100 per share before a 2-for-1 split, after the split, the price per share would become Rs 50, and investors would have twice the number of shares they had before the split.

How many stocks will I get after split? ›

The most common split ratios are 2-for-1 and 3-for-1, which means that a stockholder will have two or three shares, respectively, for every share held before the split.

What will be the price after stock split? ›

Normally, a stock split will reduce the price per share of each share in proportion to the increase in shares. Using this example, a 2-1 split for a stock trading at $200 would halve the price to $100 and double the number of total shares outstanding.

Do stocks usually go up after a split? ›

Although the number of shares outstanding increases by a specific multiple, the total dollar value of all shares outstanding remains the same because a split does not fundamentally change the company's value. The most common split ratios are 2-for-1 or 3-for-1 (sometimes denoted as 2:1 or 3:1).

What are the disadvantages of a stock split? ›

Pros and cons of stock splits
  • Pro: Makes shares more affordable. ...
  • Pro: May trigger renewed investor interest. ...
  • Con: Could trigger volatility. ...
  • Con: Does not add any new value: At least in the short term, the total value of your assets for the stock in question remains the same.
Dec 27, 2022

Should I sell after a stock split? ›

Splits are often a bullish sign since valuations get so high that the stock may be out of reach for smaller investors trying to stay diversified. Investors who own a stock that splits may not make a lot of money immediately, but they shouldn't sell the stock since the split is likely a positive sign.

What happens after a stock split more than one answer may be correct? ›

After a stock split, existing stockholders receive additional shares of stock in ratios such as 2:1 or 3:1 or 4:1 (as some common examples). After a stock split, the Common Stock caption of stockholders' equity indicates a drop in the par value per share (if appropriate).

Does a stock split change the overall value of a company? ›

A stock split increases the number of shares outstanding and lowers the individual value of each share. While the number of shares outstanding change, the overall market capitalization of the company and the value of each shareholder's stake remains the same.

Should I sell before a reverse stock split? ›

Selling before a reverse stock split is a good idea, but selling after the reverse stock split is not. Since you can sell before and after a reverse stock split, selling during one is optional. The main advantage of selling before the reverse stock split is that you don't have to wait around for it to happen.

Which stocks are splitting soon? ›

Upcoming and Recent Stock Splits
StockExchangeRatio Numerator
ZAPPNASDAQ2024-04-23
CNMTFOTC2024-04-22
WINTNASDAQ2024-04-22
MYSZNASDAQ2024-04-22
85 more rows

What is the stock market expected to do in 2024? ›

As a whole, analysts are optimistic about the outlook for stock prices in 2024. The consensus analyst price target for the S&P 500 is 5,090, suggesting roughly 8.5% upside from current levels.

Will Walmart stock split in 2024? ›

30, 2024 — Walmart Inc. (NYSE: WMT) announced that it will conduct a split of its outstanding shares of common stock at a ratio of 3:1. The stock split is part of Walmart's ongoing review of optimal trading and spread levels and its desire for its associates to feel that purchasing shares is easily within reach.

Is NVDA going to split in 2024? ›

In 2021, Nvidia stock was priced at $583.36 on the day prior to the company announcing its intention to split its stock. That's nearly $180 less than its current stock price, which provides strong support for the theory the company could split its stock in 2024.

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