Kulicke & Soffa Added to Membership of Russell 2000® Index and Russell 3000® Index
Kulicke and Soffa Industries (NASDAQ: KLIC) has been added to the US small-cap Russell 2000® Index and the US all-cap Russell 3000® Index, effective June 28, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Kulicke and Soffa Industries (NASDAQ: KLIC) has been added to the US small-cap Russell 2000® Index and the US all-cap Russell 3000® Index, effective June 28, 2021. This inclusion, part of the 2021 Russell indexes reconstitution, enhances KLIC's visibility among investors, particularly in semiconductor, automotive, and display markets. The Russell indexes are widely tracked, with approximately $10.6 trillion in assets benchmarked against them. KLIC aims to leverage this membership to support technological advancements and attract new investors.
Positive
- Inclusion in the Russell 2000® and 3000® Indexes increases visibility among investors.
- Membership in the Russell indexes can enhance liquidity and attract institutional investment.
Negative
- None.
Details
News Market Reaction – KLIC
The recorded move for KLIC in the trading session of this news was +2.62%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SINGAPORE, June 28, 2021 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company"), a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, has been added as a member of the US small-cap Russell 2000® Index and the US all-cap Russell 3000® index, effective after the US market opens on June 28, as part of the 2021 Russell indexes reconstitution. Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The stock was also added to the appropriate growth and value indexes.
"We value participation in this important benchmark and welcome the opportunity to reach a new group of investors as we continue to support exciting transitions in the semiconductor, automotive and display markets," stated Fusen Chen, President and Chief Executive Officer.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately
For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.
About Kulicke & Soffa
Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor, LED and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S prides itself on establishing foundations for technological advancement - creating pioneering interconnect solutions that enable performance improvements, power efficiency, form-factor reductions and assembly excellence of current and next-generation semiconductor devices.
Leveraging decades of development proficiency and extensive process technology expertise, Kulicke & Soffa's expanding portfolio provides equipment solutions, aftermarket products and services supporting a comprehensive set of interconnect technologies including wire bonding, advanced packaging, lithography, and electronics assembly. Dedicated to empowering technological discovery, always, K&S collaborates with customers and technology partners to push the boundaries of possibility, enabling a smarter future.
About FTSE Russell
FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies. Covering
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on index innovation and customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
Contacts
Kulicke & Soffa
Marilyn Sim
Public Relations
P: +65-6880-9309
F: +65-6880-9580
msim@kns.com
Kulicke & Soffa
Joseph Elgindy
Investor Relations & Strategic Initiatives
P: +1-215-784-7500
F: +1-215-784-6180
investor@kns.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/kulicke--soffa-added-to-membership-of-russell-2000-index-and-russell-3000-index-301320663.html
SOURCE Kulicke & Soffa Industries, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.