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Semtech, PS Business Parks Join S&P Index

Semtech Corp. and PS Business Parks have been added to the S&P MidCap 400 index. The Camarillo semiconductor manufacturer and Glendale real estate company joined the index on April 4. The S&P MidCap 400 has become the most widely followed mid-cap index since its launched in 1991, according to S&P Global, the company behind the index. Inclusion on the S&P 400 requires a market capitalization between $1.4 billion and $5.9 billion. Semtech’s market cap was at $3.5 billion while PS Business Park’s was at $5.2 billion. Other San Fernando Valley area companies on the S&P 400 include Calabasas staffing company ASGN Inc.; Calabasas restaurant chain Cheesecake Factory Inc.; and Teledyne Technologies, an aerospace, marine and digital imaging products manufacturer in Thousand Oaks. Shares of Semtech closed Monday down 34 cents, or a fraction of a percent, to $52.57 on the Nasdaq while PS Business Parks closed down 51 cents, a fraction of a percent, to $149.34 on the New York Stock Exchange.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.
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