Varex Imaging (VREX)

• Market cap: $582M
• 1 day: -1.53%
• 5 days: -7.15%
• 1 month: -8.17%
• 3 months: 31.23%
• 6 months: -3.08%
• Year to date: -31.66%
• 1 year: -30.31%
• 5 years: -51.71%
• 10 years: -48.07%
• Sector: Information Technology
• Industry: Electronic Components

About: Varex Imaging Corp designs and manufactures X-ray imaging components. It operates in two segments Medical and Industrial. The Medical segment, which is the key revenue driver, designs, manufactures, sells, and services X-ray imaging components, including X-ray tubes, digital detectors and accessories, generators, and heat exchangers among other products. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital flat panel detectors, high-voltage connectors, and coolers. Geographically, the company generates maximum revenue from Europe, Middle East, and Africa (EMEA) and the rest from the Americas and Asia Pacific region.

Employees: 2,300

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

111% more call options, than puts

Call options by funds: $616K | Put options by funds: $292K

55% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 33

12% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 52

10% more funds holding

Funds holding: 175 [Q2] → 193 (+18) [Q3]

6.57% less ownership

Funds ownership: 101.37% [Q2] → 94.8% (-6.57%) [Q3]

24% less capital invested

Capital invested by funds: $611M [Q2] → $462M (-$149M) [Q3]