News: Suppliers
27 June 2023
Aehr added to Russell 3000 Index
Semiconductor production test and reliability qualification equipment supplier Aehr Test Systems of Fremont, CA, USA has been added to the Russell 3000 Index as part of the 2023 Russell index annual reconstitution “highlighting the financial and operating growth we have achieved and further enhancing our visibility and reach within the investment community,” says president & CEO Gayn Erickson. “We look forward to continuing our strong momentum in the semiconductor wafer-level test and burn-in market and driving increased value for shareholders.”
The annual reconstitution of the Russell indexes captures the 4000 largest US stocks as of 28 April, ranking them by total market capitalization. Membership in the US all-cap Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. About $12.1 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of global index provider FTSE Russell.
Aehr appoints Chris Siu as chief financial officer & executive VP of finance
