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Friday, 14 May 2021 06:47 GMT

Lattice Accelerates on Graduation to MidCap Index


(MENAFN - Baystreet.ca) Lattice Semiconductor Corporation (NASDAQ:LSCC) shares rose Friday. Lattice Semiconductor will replace PTC in the S&P MidCap 400, effective prior to the open of trading on Tuesday, April 20.

Lattice is in select company: S&P MidCap 400 constituent PTC Inc. (NASD:PTC) will replace Varian Medical Systems Inc. (NYSE:VAR) in the S&P 500 Siemens Healthineers AG (XETR: SHL) acquired Varian Medical Systems Inc. in a deal that closed today, April 15 .

Progyny Inc. (NASD:PGNY) will replace Domtar Corp. (NYSE:UFS) in the S&P MidCap 400, and Domtar will replace NIC Inc. (NASD:EGOV) in the S&P SmallCap 600. S&P 500 constituent Tyler Technologies Inc. (NYSE:TYL) is acquiring NIC in a deal expected to close soon pending final conditions. Domtar has a market capitalization more representative of the small-cap market space.

LSCC shares leaped $4.97, or 9.7%, to $56.12.

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