Royce & Associates Amends Richardson Electronics Stake (SC 13G/A)
Ticker: RELL · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 355948
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, form-13g, electronic-parts
TL;DR
**Royce & Associates just updated their stake in Richardson Electronics.**
AI Summary
Royce & Associates, LP, a New York-based investment firm, filed an amendment (SC 13G/A) on January 24, 2024, indicating a change in their beneficial ownership of Richardson Electronics, Ltd. common stock as of December 31, 2023. This filing, Amendment No. 35, updates their previous disclosures regarding their stake in the electronic parts and equipment company. This matters to investors because significant changes in institutional ownership can signal a shift in confidence or strategy from major players, potentially influencing stock price and market perception.
Why It Matters
This filing shows an institutional investor, Royce & Associates, LP, is updating its position in Richardson Electronics, which can influence market sentiment and potentially the stock's valuation.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate high-risk event.
Analyst Insight
Investors should monitor subsequent filings from Royce & Associates, LP to understand the full extent of their position change and consider if this aligns with their own investment thesis for Richardson Electronics, Ltd.
Key Numbers
- 763165107 — CUSIP Number (identifies Richardson Electronics, Ltd. common stock)
- 35 — Amendment Number (indicates this is the 35th amendment to Royce & Associates' Schedule 13G filing for Richardson Electronics)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person filing the SC 13G/A
- Richardson Electronics, Ltd. (company) — the issuer whose common stock is being reported
- New York (place) — place of organization for Royce & Associates, LP
- December 31, 2023 (date) — date of event requiring the filing
- January 24, 2024 (date) — date the SC 13G/A was filed
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 stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Rule 13d-102)' sections.
Who is the reporting person in this filing?
The reporting person is Royce & Associates, LP, as indicated under 'NAME OF REPORTING PERSON' and 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ROYCE & ASSOCIATES LP'.
What is the subject company (issuer) of the securities being reported?
The subject company, or issuer, is Richardson Electronics, Ltd., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RICHARDSON ELECTRONICS, LTD.' and 'Richardson Electronics, Ltd. (Name of Issuer)'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Richardson Electronics, Ltd. is 763165107, as listed under 'CUSIP Number' on the cover page.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement: December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding RICHARDSON ELECTRONICS, LTD. (RELL).