Varex Imaging $VREX Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in shares of Varex Imaging (NASDAQ:VREX) by 1,617.1% in the second quarter, Holdings Channel.com reports. The firm owned 343,597 shares of the company’s stock after buying an additional 323,587 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Varex Imaging were worth $2,979,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Pzena Investment Management LLC lifted its position in shares of Varex Imaging by 11.6% during the second quarter. Pzena Investment Management LLC now owns 4,244,977 shares of the company’s stock worth $36,804,000 after purchasing an additional 442,628 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Varex Imaging by 0.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,788,092 shares of the company’s stock worth $23,894,000 after purchasing an additional 8,680 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Varex Imaging by 25.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,104 shares of the company’s stock worth $115,000 after purchasing an additional 2,659 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Varex Imaging by 41.2% during the first quarter. Voya Investment Management LLC now owns 48,743 shares of the company’s stock worth $565,000 after purchasing an additional 14,217 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Varex Imaging during the first quarter worth about $1,266,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Varex Imaging in a research report on Wednesday, October 8th. B. Riley reaffirmed a “buy” rating and set a $16.00 price target (up previously from $12.00) on shares of Varex Imaging in a research report on Friday, August 8th. Finally, Wall Street Zen cut shares of Varex Imaging from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.50.

Varex Imaging Trading Down 1.4%

Shares of NASDAQ VREX opened at $11.85 on Friday. The company has a market cap of $491.78 million, a price-to-earnings ratio of -3.69 and a beta of 0.96. Varex Imaging has a 12-month low of $6.76 and a 12-month high of $16.93. The company has a current ratio of 3.51, a quick ratio of 1.82 and a debt-to-equity ratio of 0.78. The stock’s 50 day simple moving average is $11.72 and its 200 day simple moving average is $9.45.

Varex Imaging (NASDAQ:VREX) 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. Equities research analysts expect 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.