Varex Imaging $VREX Stock Holdings Increased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in VAREX IMAGING by 4.2%, owning 2,640,127 shares valued at $30.6 million after acquiring an additional 106,412 shares.
• VAREX IMAGING reported a quarterly EPS of $0.18, exceeding expectations of $0.04, with revenue reaching $203 million against forecasts of $190.32 million.
• Recent analyst ratings indicate a shift in sentiment, with B. Riley upgrading its price target for VAREX from $12.00 to $16.00, while Wall Street Zen downgraded the stock from "strong-buy" to "buy".

Vanguard Group Inc. raised its holdings in shares of Varex Imaging (NASDAQ:VREX - Free Report) by 4.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,640,127 shares of the company's stock after purchasing an additional 106,412 shares during the quarter. Vanguard Group Inc. owned 6.41% of Varex Imaging worth $30,625,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new position in shares of Varex Imaging in the 4th quarter worth approximately $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Varex Imaging in the 4th quarter worth approximately $48,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Varex Imaging by 58.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,279 shares of the company's stock worth $131,000 after acquiring an additional 4,139 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of Varex Imaging in the 4th quarter worth approximately $159,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Varex Imaging in the 1st quarter worth approximately $160,000.

Varex Imaging Stock Performance

Shares of NASDAQ VREX traded up $0.08 during mid-day trading on Monday, hitting $11.55. The company had a trading volume of 151,509 shares, compared to its average volume of 545,010. The stock has a market cap of $479.33 million, a price-to-earnings ratio of -3.60 and a beta of 0.87. Varex Imaging has a 12 month low of $6.76 and a 12 month high of $16.93. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.51 and a quick ratio of 1.82. The firm's 50 day simple moving average is $8.91 and its two-hundred day simple moving average is $9.42.

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

Analyst Upgrades and Downgrades

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

About Varex Imaging

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.