diff --git a/vyper/builtins/_utils.py b/vyper/builtins/_utils.py
index 72b05f15e3..3fad225b48 100644
--- a/vyper/builtins/_utils.py
+++ b/vyper/builtins/_utils.py
@@ -1,7 +1,7 @@
 from vyper.ast import parse_to_ast
 from vyper.codegen.context import Context
 from vyper.codegen.stmt import parse_body
-from vyper.semantics.analysis.local import FunctionNodeVisitor
+from vyper.semantics.analysis.local import FunctionAnalyzer
 from vyper.semantics.namespace import Namespace, override_global_namespace
 from vyper.semantics.types.function import ContractFunctionT, FunctionVisibility, StateMutability
 from vyper.semantics.types.module import ModuleT
@@ -25,9 +25,7 @@ def generate_inline_function(code, variables, variables_2, memory_allocator):
         ast_code.body[0]._metadata["func_type"] = ContractFunctionT(
             "sqrt_builtin", [], [], None, FunctionVisibility.INTERNAL, StateMutability.NONPAYABLE
         )
-        # The FunctionNodeVisitor's constructor performs semantic checks
-        # annotate the AST as side effects.
-        analyzer = FunctionNodeVisitor(ast_code, ast_code.body[0], namespace)
+        analyzer = FunctionAnalyzer(ast_code, ast_code.body[0], namespace)
         analyzer.analyze()
 
     new_context = Context(
diff --git a/vyper/semantics/analysis/local.py b/vyper/semantics/analysis/local.py
index 2b6a6c5c6a..2b630f9d2e 100644
--- a/vyper/semantics/analysis/local.py
+++ b/vyper/semantics/analysis/local.py
@@ -58,7 +58,7 @@ def validate_functions(vy_module: vy_ast.Module) -> None:
     for node in vy_module.get_children(vy_ast.FunctionDef):
         with namespace.enter_scope():
             try:
-                analyzer = FunctionNodeVisitor(vy_module, node, namespace)
+                analyzer = FunctionAnalyzer(vy_module, node, namespace)
                 analyzer.analyze()
             except VyperException as e:
                 err_list.append(e)
@@ -179,7 +179,7 @@ def _validate_self_reference(node: vy_ast.Name) -> None:
         raise StateAccessViolation("not allowed to query self in pure functions", node)
 
 
-class FunctionNodeVisitor(VyperNodeVisitorBase):
+class FunctionAnalyzer(VyperNodeVisitorBase):
     ignored_types = (vy_ast.Pass,)
     scope_name = "function"
 
diff --git a/vyper/semantics/analysis/module.py b/vyper/semantics/analysis/module.py
index b120928051..0020f7f00a 100644
--- a/vyper/semantics/analysis/module.py
+++ b/vyper/semantics/analysis/module.py
@@ -136,12 +136,13 @@ def _collect_initialized_modules_r(module_t, seen=None):
     initialized_infos = module_t.initialized_modules
 
     for i in initialized_infos:
-        if (other := seen.get(i.module_info.module_t)) is not None:
-            raise StructureException("{i.module_info.alias} initialized twice!", i.node, other)
-        seen[i.module_info.module_t] = i
+        initialized_module_t = i.module_info.module_t
+        if initialized_module_t in seen:
+            seen_nodes = (i.node, seen[initialized_module_t].node)
+            raise StructureException(f"`{i.module_info.alias}` initialized twice!", *seen_nodes)
+        seen[initialized_module_t] = i
 
-        for d in i.dependencies:
-            _collect_initialized_modules_r(d.module_t, seen)
+        _collect_initialized_modules_r(initialized_module_t, seen)
 
     return seen