Skyworks Solutions Set to Join the S&P 500; Maximus to Join the S&P MidCap 400; Republic Airways to Join the S&P SmallCap 600

Mar 09, 2015, 17:47 ET from S&P Dow Jones Indices

NEW YORK, March 9, 2015 /PRNewswire/ -- S&P MidCap 400 constituent Skyworks Solutions Inc. (NASD: SWKS) will replace PetSmart Inc. (NASD: PETM) in the S&P 500, S&P SmallCap 600 constituent Maximus Inc. (NYSE: MMS) will replace Skyworks Solutions in the S&P MidCap 400, and Republic Airways Holdings Inc. (NASD: RJET) will replace Maximus in the S&P SmallCap 600 after the close of trading on Wednesday, March 11. A consortium led by BC Partners Inc. is acquiring PetSmart in a deal expected to be completed on or about that date pending final approvals.

Skyworks Solutions designs, develops, manufactures, and markets analog and mixed signal semiconductors. Headquartered in Woburn, MA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Semiconductors Sub-Industry index.

Maximus provides business process services to government health and human services agencies. Headquartered in Reston, VA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub-Industry index.

Republic Airways Holdings provides scheduled passenger services. Headquartered in Indianapolis, IN, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Airlines Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX – March 11, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Skyworks

Solutions

Information Technology

Semiconductors

DELETED

PetSmart

Consumer Discretionary

Specialty Stores

 

S&P MIDCAP 400 INDEX – March 11, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Maximus

Information Technology

Data Processing &

Outsourced Services

DELETED

Skyworks

Solutions

Information Technology

Semiconductors

 

S&P SMALLCAP 600 INDEX – March 11, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Republic Airways

Holdings

Industrials

Airlines

DELETED

Maximus

Information Technology

Data Processing &

Outsourced Services

Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

About S&P Dow Jones Indices

S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.  

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

For more information:

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+1) 212 438 3907
david.blitzer@spdji.com 

David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
dave.guarino@spdji.com

SOURCE S&P Dow Jones Indices