State Street Corp Updates Passive Stake in Varex Imaging
Ticker: VREX · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1681622
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still holds Varex stock, no big changes here.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 23, 2024, indicating its ownership of Varex Imaging Corp's common stock as of December 31, 2023. This filing is an update to their previous disclosures, confirming their continued significant, but passive, investment in Varex. For investors, this means a large institutional holder maintains its position, which can signal stability but doesn't suggest any immediate strategic changes for Varex.
Why It Matters
This filing confirms State Street's ongoing passive investment in Varex Imaging, providing transparency on institutional ownership and potentially influencing investor confidence.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any new risks or significant changes for Varex Imaging Corp.
Analyst Insight
A smart investor would note State Street's continued passive stake as a sign of institutional confidence, but recognize this filing doesn't signal any new strategic moves or significant changes in Varex Imaging's outlook.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Varex Imaging Corp (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- 0001681622 (number) — Central Index Key (CIK) for Varex Imaging Corp
- 0000093751 (number) — Central Index Key (CIK) for State Street Corporation
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive investors who own more than 5% but less than 20% of a company's stock. This specific filing by State Street Corporation for Varex Imaging Corp updates their previously reported ownership information as of December 31, 2023.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, a financial institution with IRS Identification No. 04-2456637, located at 1 Congress Street, Boston, MA.
Which company's stock is the subject of this filing?
The subject company is Varex Imaging Corp, an electronic components manufacturer (SIC 3679), with its business address at 1678 S. Pioneer Road, Salt Lake City, UT.
What was the 'Date of Event Which Requires Filing of This Statement'?
The date of the event which requires the filing of this statement was December 31, 2023, as stated on the cover page of the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1(B), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Varex Imaging Corp (VREX).