Nuveen LLC Makes New Investment in Varex Imaging $VREX

Key Points

• Nuveen LLC has acquired a new stake in VAREX IMAGING, purchasing 161,488 shares valued at approximately $1,873,000, and now holds about 0.39% of the company.
• VAREX IMAGING reported earnings of $0.18 per share, significantly exceeding analyst expectations of $0.04, alongside revenue of $203.00 million for the quarter.
• Equities analysts have varied ratings on VAREX, with B. Riley increasing its target price from $12.00 to $16.00, while the consensus target price for the stock stands at $19.50.

Nuveen LLC acquired a new stake in shares of Varex Imaging (NASDAQ:VREX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 161,488 shares of the company's stock, valued at approximately $1,873,000. Nuveen LLC owned about 0.39% of Varex Imaging as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Allspring Global Investments Holdings LLC grew its holdings in Varex Imaging by 21.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,779,412 shares of the company's stock worth $31,769,000 after acquiring an additional 481,537 shares during the period. Cooke & Bieler LP grew its stake in shares of Varex Imaging by 18.7% during the 1st quarter. Cooke & Bieler LP now owns 2,122,683 shares of the company's stock worth $24,623,000 after purchasing an additional 333,794 shares during the period. Rice Hall James & Associates LLC grew its stake in shares of Varex Imaging by 75.2% during the 1st quarter. Rice Hall James & Associates LLC now owns 575,787 shares of the company's stock worth $6,679,000 after purchasing an additional 247,095 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of Varex Imaging by 106.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 417,531 shares of the company's stock valued at $6,092,000 after purchasing an additional 215,241 shares in the last quarter. Finally, Algert Global LLC increased its holdings in shares of Varex Imaging by 378.8% in the 4th quarter. Algert Global LLC now owns 169,798 shares of the company's stock valued at $2,477,000 after purchasing an additional 134,338 shares in the last quarter.

Varex Imaging Trading Down 6.2%

Varex Imaging stock traded down $0.72 during midday trading on Wednesday, reaching $10.88. The stock had a trading volume of 282,650 shares, compared to its average volume of 468,708. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.82 and a current ratio of 3.51. Varex Imaging has a twelve month low of $6.76 and a twelve month high of $16.93. The stock has a market capitalization of $451.48 million, a PE ratio of -3.38 and a beta of 0.87. The stock's 50-day simple moving average is $9.06 and its 200 day simple moving average is $9.42.

Varex Imaging (NASDAQ:VREX - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.14. Varex Imaging had a negative net margin of 16.13% and a positive return on equity of 5.54%. The firm had revenue of $203.00 million during the quarter, compared to the consensus estimate of $190.32 million. Varex Imaging has set its Q4 2025 guidance at 0.100-0.300 EPS. Analysts expect that Varex Imaging will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. B. Riley restated a "buy" rating and set a $16.00 target price (up from $12.00) on shares of Varex Imaging in a research report on Friday, August 8th. Wall Street Zen lowered Varex Imaging from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $19.50.

Varex Imaging Company Profile

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.