SCHEDULE 13G: Royce & Associates LP Discloses 10.12% Stake in Richardson Electronics
Schedule 13G Filing
Royce & Associates LP has filed a Schedule 13G, reporting a 10.12% beneficial ownership stake in Richardson Electronics, Ltd. as of December 31, 2024.
Summary
- Royce & Associates LP (RALP) beneficially owns 1,248,276 shares of Richardson Electronics, Ltd. Common Stock.
- This ownership represents 10.12% of the total class of securities outstanding.
- RALP holds sole voting power and sole dispositive power over all 1,248,276 shares.
- The filing is an initial Schedule 13G, rather than an amendment, due to a series of corporate name changes and mergers of RALP's predecessors (Quest Advisory Corp., Royce & Associates, Inc., Royce & Associates, LLC) culminating in RALP's current structure.
- One specific account managed by RALP, Royce Micro-Cap Trust, an investment company, holds 667,688 shares, which constitutes 5.41% of the total shares outstanding.
- RALP certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Richardson Electronics, Ltd.
- RALP is an investment adviser and an indirect majority-owned subsidiary of Franklin Resources, Inc. (FRI), but exercises voting and investment powers independently from FRI and its other affiliates.
Sentiment
Score: 6
Explanation: The filing is a standard disclosure of beneficial ownership by an investment adviser, indicating a significant institutional stake in Richardson Electronics, Ltd. without implying any intent to influence control. This is generally a neutral to slightly positive signal as it shows institutional interest.
Future Outlook
This document is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Richardson Electronics, Ltd.'s future performance or outlook.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect."
Industry Context
This filing indicates a significant institutional ownership stake in Richardson Electronics, Ltd. by a reputable investment adviser. While not providing broader industry trends, such a disclosure can signal confidence from professional money managers in the company's long-term prospects, which is generally viewed favorably by the market.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by Royce & Associates LP may be viewed positively, potentially signaling confidence in the company's long-term prospects and attracting further investor interest.
Key Dates
| Date | Description |
|---|---|
| 1995-02-08 | Schedule 13G base filing by Quest Advisory Corp., a corporate predecessor of RALP. |
| 2001-10-01 | Royce & Associates, Inc. (R&A Inc.), a predecessor of RALP, became a subsidiary of Legg Mason, Inc. |
| 2002-03-31 | R&A Inc. merged into Royce Holdings, LLC, which then changed its name to Royce & Associates, LLC (R&A LLC). |
| 2016-03-01 | R&A LLC converted to Royce & Associates LP (RALP) under Delaware law. |
| 2024-12-31 | Date of event which requires the filing of this statement (beneficial ownership snapshot). |
| 2025-01-08 | Date of signature on the Schedule 13G filing. |
Keywords
Richardson Electronics, Royce & Associates LP, Schedule 13G, beneficial ownership, common stock, investment adviser, institutional ownership, SEC filing, stock ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.