Vanguard Group Inc. Has $30.63 Million Position in VAREX IMAGING $VREX

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. increased 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 and Exchange Commission. The firm owned 2,640,127 shares of the company's stock after purchasing an additional 106,412 shares during the period. Vanguard Group Inc. owned 6.41% of VAREX IMAGING worth $30,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in VREX. Aquatic Capital Management LLC purchased a new position in VAREX IMAGING in the 4th quarter valued at about $25,000. Point72 Hong Kong Ltd purchased a new position in VAREX IMAGING in the 4th quarter valued at about $48,000. ProShare Advisors LLC purchased a new position in VAREX IMAGING in the 4th quarter valued at about $159,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in VAREX IMAGING by 58.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,279 shares of the company's stock valued at $131,000 after buying an additional 4,139 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in VAREX IMAGING in the 4th quarter valued at about $190,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VREX. B. Riley reissued a "buy" rating and issued a $16.00 price objective (up from $12.00) on shares of VAREX IMAGING in a research report on Friday, August 8th. Wall Street Zen lowered shares of VAREX IMAGING from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, VAREX IMAGING currently has an average rating of "Buy" and an average target price of $19.50.

VAREX IMAGING Trading Up 0.4%

Shares of NASDAQ:VREX traded up $0.05 during mid-day trading on Tuesday, hitting $11.60. The stock had a trading volume of 374,226 shares, compared to its average volume of 529,638. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.82 and a current ratio of 3.51. The company has a market cap of $481.40 million, a PE ratio of -3.61 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's 50 day moving average is $9.06 and its 200-day moving average is $9.42.

VAREX IMAGING (NASDAQ:VREX - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating 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 business had revenue of $203.00 million for 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. On average, sell-side analysts predict that VAREX IMAGING will post 0.53 EPS for the current year.

VAREX IMAGING 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.