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吸引更多散户、有望納入道指...英偉達拆股有何影響?

昨日,英偉達官宣了10比1的股票拆分計劃。

據悉,該調整將於6月10日(週一)開盤時進行,英偉達的股東將在6月7日(週五)收盤後額外獲得9股普通股。

影響上,分析認為,這可能會吸引散户投資者更多的興趣,同時可能為其納入道指鋪平道路。 

增加股票流動性

分析師認為,對於市值已是美股第三的英偉達來説,股票拆分可能會激發個人或散户投資者的更多興趣。

分拆股票本身並不會改變股票的估值,但市場分析師表示,股票每股價值的降低吸引了個人投資者,與財力雄厚的機構投資者相比,由於資金有限,個人投資者傾向於進行較小規模的交易。

Vanda Research的高級副總裁Marco Iachini表示:“股票分割可能是持續吸引散户流動的最大催化劑。”

從以往數據來看,宣佈股票拆分的公司往往跑贏大盤。據美國銀行2月的分析,宣佈分股的公司股價在未來12個月內平均上升25.4%。

上一次,英偉達的股票拆分公吿是在2021年5月26日發佈,正式實施拆分是在2021年7月20日,一股拆四股。

在宣佈拆股後,英偉達股價半年內翻倍,最高觸及341美元,隨後走低,不過一年內還是累計上升了21.55%。

不過,也存在宣佈拆股後股價下跌的情況。亞馬遜和谷歌的股價在2022年分拆股票後,全年依然出現大幅下跌,因為當年利率飆升打壓了股市。

CFRA的首席投資策略師Sam Stovall表示,投資者往往對分拆做出積極反應,更多的是一種心理現象,而不是任何基本面的現象。

 “人們寧願以20美元/股的價格購買16股,也不願以80美元/股的價格購買4股,儘管兩者是一樣的,這就是人性。

此外,股票拆分公吿往往與近期強勁的財務表現同時發生,並可能表明公司相信更多的事情即將發生。 

Sam Stovall表示:“它發出了兩個信息:一是他們希望規模較小的散户投資者參與升勢,二是公司本身對自己的盈利預測有信心,以維持較高的價格。

納入道指在望

此外,股票分拆可能會使英偉達更易於管理,更容易被納入道指。

目前,道指由30家成分股組成,英偉達當前的股價是其目前股價最高成分股的兩倍。

如果按週四的收盤價來算,英偉達拆分將使其股價降至104美元左右。這將使其成為成分股中股價第21大的,僅次於默沙東,高於迪士尼。 

2022年時,亞馬遜進行股價拆分後,也出現了有關納入道指的類似猜測。今年早些時候,亞馬遜被納入道指。

B. Riley Wealth的首席市場策略師Art Hogan表示:“英偉達無疑滿足了最終成為道指成分股的所有條件:良好的聲譽、持續增長的歷史、投資者的興趣以及其在更廣泛市場中的行業代表性。100美元的股價會讓其被納入時最初的股指計算更容易。

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