when is super micro computer stock split

Short answer: The Super Micro Computer (SMCI) 10‑for‑1 forward stock split was announced on August 6, 2024 and became effective with split‑adjusted trading beginning October 1, 2024. This article e...

2025-11-17 16:00:00

By Emma Shah

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Super Micro Computer stock split

This article answers the question "when is super micro computer stock split" and provides a detailed, source‑backed guide to the 2024 10‑for‑1 forward split for Super Micro Computer, Inc. (NASDAQ: SMCI). It covers the announcement, timeline, split mechanics, how brokerages and options markets handled the change, market reaction and follow‑up events, tax treatment, and where investors can monitor and trade split‑adjusted shares (including on Bitget). The article is written for readers who want a clear, factual explanation without investment advice.

Summary / quick facts

Split ratio: 10‑for‑1 forward stock split (each pre‑split share converted into 10 post‑split shares).
Announcement date: August 6, 2024 (company press release and SEC filing).
Effective / ex‑date: October 1, 2024 (split‑adjusted trading began that day).
Options adjustments: Exchange/clearing memos (MIAX/OCC) published adjustments for listed options contracts ahead of the effective date.

As of October 1, 2024, according to Nasdaq and published exchange memos, the Super Micro Computer stock split (10‑for‑1) was in effect and SMCI shares traded on a split‑adjusted basis.

Company background

Super Micro Computer, Inc. (SMCI) designs, manufactures and sells server and storage systems and motherboards largely used in data centers, cloud infrastructure and AI workloads. The company gained significant investor attention in 2023–2024 as demand for AI infrastructure increased and the stock experienced a strong upward price move leading into 2024; that run‑up was a primary reason management cited for proposing a stock split to improve accessibility and share liquidity for retail investors.

Because many readers ask "when is super micro computer stock split," it helps to know the split was intended as a capital‑structure measure to lower the per‑share trading price (numerically) but not to change shareholders’ proportional ownership or the company’s market capitalization.

Announcement and corporate approvals

On August 6, 2024, Super Micro Computer announced that its board of directors had approved an amendment to the company’s certificate of incorporation to effect a 10‑for‑1 forward stock split. The company filed related documentation with the U.S. securities regulator and released a press statement describing the mechanics and board authorization. As of that announcement date, brokerages and exchanges prepared for administrative and systems changes needed to implement the split.

As of August 6, 2024, according to the company press release and regulatory filings, the board authorized the 10‑for‑1 split and provided a timeline for implementation.

Key dates and timeline

Below are the principal dates and timeline items for the Super Micro Computer stock split:

Announcement date: August 6, 2024 — Board approval and public disclosure of the 10‑for‑1 split (company press release / SEC filing).
Exchange/clearing memos: Late September 2024 (for example, MIAX/OCC memos published around September 30, 2024) — options market adjustment details and deliverable specifications were circulated to market participants.
Effective / ex‑date / split‑adjusted trading begins: October 1, 2024 — shares began trading on a split‑adjusted basis on U.S. exchanges and brokerages updated customer positions to reflect the split.

Note on record/issue dates: The company’s public announcement outlined the corporate action and board approval; many forward stock splits solely rely on corporate authorization and amendment of the charter rather than a separate shareholder vote, and record/payable mechanics for cash distributions do not apply. Brokerages may display the split on different internal processing dates depending on settlement cycles, but the public ex‑date (the first day the stock trades at the new post‑split price) was October 1, 2024.

Ex‑date and trading adjustment

When is Super Micro Computer stock split effective for traders? The effective ex‑date was October 1, 2024. On that date, the pre‑split prices and share counts were adjusted to reflect the 10‑for‑1 conversion. Practically, a pre‑split share price was divided approximately by 10 (and each pre‑split share became 10 post‑split shares), so the displayed per‑share price dropped by roughly a factor of 10 while total market capitalization and ownership percentages remained the same.

If you bought or sold shares around the ex‑date, trades settle under the usual T+2 (trade date plus two business days) U.S. settlement schedule, but the price and share quantity visible on exchanges and in brokerage accounts were updated starting October 1, 2024. Brokerages typically credit fractional shares or cash‑in‑lieu amounts as per their policies for any fractional entitlements resulting from the split.

Split mechanics and shareholder impact

Conversion: Each outstanding common share immediately before the split was converted into 10 shares after the split. That is the defining mechanical change for a 10‑for‑1 forward split.
Market capitalization: A forward stock split does not change the company’s total market capitalization. The split only changes the number of shares outstanding and the per‑share price in inverse proportion.
Shareholder positions: Brokerage accounts were credited automatically with the additional shares; shareholders did not need to take action to receive post‑split shares.
Fractional shares: If a shareholder’s pre‑split holding resulted in fractional post‑split shares, brokerages either rounded up, rounded down or issued cash‑in‑lieu according to their posted policies. Investors should consult their brokerage statements for how fractions were handled.

As a reminder to readers asking "when is super micro computer stock split": the conversion mechanics mean that owning one pre‑split share on the record basis converts into ten post‑split shares; economic exposure and vote percentage do not change unless additional corporate transactions occur.

Options and derivatives adjustments

Options markets and clearing organizations issued memos to adjust listed options to reflect the 10‑for‑1 forward split. As of September 30–October 1, 2024, MIAX and the Options Clearing Corporation (OCC) and other exchanges published procedures for adjusted contract specifications.

Typical adjustments for a 10‑for‑1 forward split included:

Strike price adjustment: The strike price of existing options contracts was divided by 10. For example, a call with a $1,000 pre‑split strike would become a $100 post‑split strike.
Contract multiplier: The number of underlying shares represented by each option contract was multiplied by 10. Standard U.S. equity option contracts normally represent 100 shares; after a 10‑for‑1 split, an adjusted contract could represent 1,000 shares (100 × 10) unless exchanges re‑symbol and reissue standardized deliverable specifications.
New option symbols / deliverables: Exchanges and the OCC published the adjusted option deliverable descriptions and, where applicable, new symbols to reflect the changed contract specifications.

These adjustments are technical and designed to preserve the economic equivalence of option positions across the corporate action. If you hold options, consult your broker’s options position statement and the exchange/OCC memos for exact contract specifications. As of September 30, 2024, MIAX/OCC memos communicated these specific adjustments for SMCI options.

Rationale for the split

Management and analysts typically cite several reasons for implementing a forward stock split. In Super Micro’s case, commonly reported rationales included:

Improve accessibility: Lower per‑share nominal prices can make shares more accessible and psychologically more attractive to retail investors.
Increase liquidity: A larger number of outstanding shares at a lower price can increase trading liquidity and narrower bid‑ask spreads in some cases.
Align with peer practices: Many high‑growth, high‑price tech stocks have split shares after substantial run‑ups to make share prices easier for retail participation.

Company commentary at announcement emphasized board approval to amend the certificate of incorporation to implement the split, citing the desire to make the common stock more accessible to a broader base of investors. Analysts who commented in press coverage noted that a split is primarily cosmetic and does not change fundamental business prospects or financial metrics.

Market reaction and subsequent performance

Stock splits often generate short‑term investor interest and trading activity. Around the date of the Super Micro Computer stock split, media reports and market data documented a period of volatility and attention. Several contemporaneous events also affected the company’s share performance in the months surrounding the split, including regulatory and governance developments reported in the press.

As of the ex‑date (October 1, 2024), per exchange reporting and market commentary, the split‑adjusted shares began trading and the options markets had implemented contract adjustments. Press coverage in the weeks after the split described short‑term volatility and noted that the split did not change the company’s operating fundamentals.

It is important to separate movement driven by corporate actions such as splits from movements driven by company news, regulatory filings, or macroeconomic factors. Reporting in the period after the split highlighted several non‑split developments (for example, auditor changes, regulatory inquiries, or governance questions) that materially affected sentiment and price movement; press outlets and financial data services covered those developments as distinct from the split itself.

Historical context and comparisons

The 2024 10‑for‑1 split was Super Micro’s first-ever stock split. In the broader technology sector, it is common for companies that experience large appreciation in share price to implement stock splits to keep per‑share prices within ranges that company management considers optimal for investor access. High‑profile splits by large semiconductor and AI‑related companies in recent years have followed similar practical rationales.

Comparatively, Super Micro’s 10‑for‑1 is larger than the more common 2‑for‑1 or 3‑for‑1 splits but aligns with past large splits executed by companies whose shares reached high nominal prices. Historical evidence suggests splits alone do not alter long‑term value; they can, however, influence retail participation and liquidity in the near term.

Tax and accounting considerations

A forward stock split is generally not a taxable event for shareholders in the U.S. The split increases the number of shares held by each shareholder while proportionally reducing the per‑share cost basis; the total cost basis for the position remains the same. Brokerages typically reallocate cost basis across the post‑split shares and reflect the new basis in account cost‑basis reporting.

Taxpayers should consult a qualified tax advisor or their brokerage statements for precise cost‑basis allocations and tax reporting details, particularly if the split creates fractional‑share cash‑in‑lieu amounts or results in portfolio rebalancing.

Frequently asked questions (FAQ)

Q: When did the split take effect? A: The Super Micro Computer stock split took effect with split‑adjusted trading beginning October 1, 2024. This answers the common query "when is super micro computer stock split." (Announcement was August 6, 2024.)

Q: Do I need to take any action as a shareholder? A: No action was required from shareholders; brokerages automatically credited additional shares according to the 10‑for‑1 conversion and handled fractional shares per their policies.

Q: Will a split change the company’s overall value? A: No. A forward split changes only the number of shares and the per‑share price; it does not change the company’s market capitalization or the economic interest of existing shareholders.

Q: Could there be another split in the future? A: Another split is possible in principle if the board votes to amend the capital structure again. Whether management pursues additional splits would depend on future price movement, strategy and board decision. Analysts offered differing views in press coverage after the 2024 split.

Q: How were options adjusted? A: Options exchanges and the OCC adjusted strikes and multipliers so that option holders retained equivalent economic exposure. For specifics, consult broker communications and the exchange/OCC adjustment memos published around September 30, 2024.

Q: Where can I trade split‑adjusted SMCI shares? A: Split‑adjusted SMCI shares continued to trade on U.S. exchanges; readers who use Bitget can also monitor and trade SMCI where it is listed and available on Bitget’s platform. (Availability depends on Bitget listing policies and regulatory considerations.)

Aftermath and analysts' views

Following the split, market commentary from analysts focused on whether the split would broaden retail participation and whether near‑term volatility was being driven by corporate governance and regulatory developments rather than the split itself. Some analysts argued a lower per‑share price could attract more small investors, while others emphasized that underlying fundamentals and business catalysts—such as AI demand and supply chain performance—would be the principal drivers of longer‑term share value.

As of the weeks following October 1, 2024, press coverage combined split reporting with analysis of concurrent corporate news; readers should treat split mechanics and consequential company events as separate factors when reviewing performance data.

References and primary sources

As of August 6, 2024, according to the Super Micro Computer press release and related SEC filings, the board approved a 10‑for‑1 forward stock split.
As of September 30 – October 1, 2024, exchange and clearing memos (for example MIAX/OCC published memos) described specific options contract adjustments for SMCI options tied to the 10‑for‑1 split.
Financial press and analysis (Nasdaq market coverage, The Motley Fool, Investopedia, Macrotrends, Capital.com, and Cheddar Flow) reported on the announcement date, effective date, market reaction, and subsequent corporate developments. These outlets provided commentary and factual coverage of the timeline and market response.

All date and mechanics references in this article are based on the cited company announcement, exchange/OCC memos and financial press reports published around the August–October 2024 window.

External links

Company investor relations announcement and SEC filings for the 10‑for‑1 split (see the company IR page and Form 8‑K filing published August 6, 2024).
Exchange and clearing memos (e.g., MIAX/OCC adjustment memos dated around September 30, 2024) describing options contract adjustments.

If you want to monitor split‑adjusted market data, track official filings and exchange memos, and trade or follow SMCI on a regulated venue, consider exploring Bitget’s market data tools and trading interface for real‑time quotes, options chain access and custody services. For tax questions or cost‑basis specifics related to the split, consult a tax advisor or your brokerage statement.

Note: This article is informational and based on public company announcements and exchange memos. It is not investment advice. Always consult qualified professionals for investment or tax decisions.

The content above has been sourced from the internet and generated using AI. For high-quality content, please visit Bitget Academy.