Y Intercept Hong Kong Ltd Increases Stock Position in Varex Imaging $VREX

Y Intercept Hong Kong Ltd raised its position in Varex Imaging (NASDAQ:VREX) by 1,617.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 343,597 shares of the company’s stock after purchasing an additional 323,587 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.83% of Varex Imaging worth $2,979,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Pzena Investment Management LLC raised its holdings in shares of Varex Imaging by 11.6% in the 2nd 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 period. Allspring Global Investments Holdings LLC raised its holdings in shares of Varex Imaging by 0.3% in the 2nd 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 period. Vanguard Group Inc. raised its holdings in shares of Varex Imaging by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 2,640,127 shares of the company’s stock worth $30,625,000 after purchasing an additional 106,412 shares during the period. Cooke & Bieler LP raised its holdings in shares of Varex Imaging by 18.7% in 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. Finally, Wellington Management Group LLP raised its holdings in shares of Varex Imaging by 5.9% in the 1st quarter. Wellington Management Group LLP now owns 1,545,829 shares of the company’s stock worth $17,932,000 after purchasing an additional 86,350 shares during the period.

Varex Imaging Stock Down 1.4%

Shares of Varex Imaging stock opened at $11.85 on Friday. The business has a 50-day moving average of $11.72 and a 200-day moving average of $9.45. 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 company has a market capitalization of $491.78 million, a PE ratio of -3.69 and a beta of 0.96. Varex Imaging has a 1-year low of $6.76 and a 1-year high of $16.93.

Varex Imaging (NASDAQ:VREX) last announced its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.14. Varex Imaging had a positive return on equity of 5.54% and a negative net margin of 16.13%.The company 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. As a group, equities analysts forecast that Varex Imaging will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VREX. 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Varex Imaging in a research report on Wednesday, October 8th. Finally, B. Riley reaffirmed a “buy” rating and set a $16.00 price target (up from $12.00) on shares of Varex Imaging in a research report on Friday, August 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.