Varex Imaging (VREX)

• Market cap: $354M
• 1 day: -3.99%
• 5 days: -3.31%
• 1 month: 9.20%
• 3 months: -34.53%
• 6 months: -46.96%
• Year to date: -43.16%
• 1 year: -47.70%
• 5 years: -48.56%
• 10 years: -69.97%
• Sector: Healthcare
• Industry: Medical Devices

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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

13% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 61

0.95% less ownership

Funds ownership: 94.23% [Q4 2024] → 93.28% (-0.95%) [Q1 2025]

4% less funds holding

Funds holding: 195 [Q4 2024] → 188 (-7) [Q1 2025]

19% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 31

21% less capital invested

Capital invested by funds: $566M [Q4 2024] → $445M (-$121M) [Q1 2025]

90% less call options, than puts

Call options by funds: $347K | Put options by funds: $3.62M