BlackRock Amends Masimo Stake, Maintains Passive Position
Ticker: MASI · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 937556
| Field | Detail |
|---|---|
| Company | Masimo CORP (MASI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a big chunk of Masimo, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, disclosing its ownership of Masimo Corporation's common stock as of December 31, 2023. This amendment, the third for BlackRock regarding Masimo, indicates that BlackRock continues to hold a significant passive stake in Masimo. This matters to investors because BlackRock is a major institutional investor, and its continued substantial holding can signal confidence in Masimo's long-term prospects, potentially influencing other investors' perceptions and the stock's stability.
Why It Matters
BlackRock's continued significant, passive ownership in Masimo Corporation suggests institutional confidence, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative or highly volatile changes.
Analyst Insight
An investor should note BlackRock's continued passive stake as a sign of institutional stability, but also recognize that this filing doesn't reveal any new strategic moves or changes in BlackRock's investment thesis beyond maintaining its position.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Masimo Corporation (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A amendment
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 3' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the subject company whose securities are being reported?
The subject company is MASIMO CORPORATION, as clearly stated under 'Name of Issuer' in the filing.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified in the filing under 'Date of Event Which Requires Filing of this Statement'.
Under which rule was this Schedule 13G filed?
This Schedule was filed under Rule 13d-1(b), indicated by '[X] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding MASIMO CORP (MASI).