Varex ImagingVREX
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 comprising X-ray tubes, digital flat panel image detectors, high voltage connectors, ionization chambers, and buckys among others. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital flat panel detectors and high voltage connectors among others. It has manufacturing, research, and development operation in the United States, Europe, Philippines and China, and sales and service operations throughout the world.
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
53% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 34
10% more funds holding
Funds holding: 174 [Q2] → 192 (+18) [Q3]
10% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 52
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]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
B. Riley Securities Kyle Bauser 50% 1-year accuracy 1 / 2 met price target | 49%upside $21 | Buy Initiated | 23 Aug 2024 |
