BlackRock Inc. lifted its stake in shares of Versum Materials Inc (NYSE:VSM) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,009,996 shares of the basic materials company’s stock after purchasing an additional 120,849 shares during the quarter. BlackRock Inc. owned 9.19% of Versum Materials worth $371,872,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC bought a new stake in shares of Versum Materials during the 1st quarter valued at approximately $113,000. Group One Trading L.P. bought a new stake in Versum Materials during the 1st quarter worth approximately $115,000. Envestnet Asset Management Inc. grew its holdings in Versum Materials by 72.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,596 shares of the basic materials company’s stock worth $165,000 after acquiring an additional 1,925 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in Versum Materials by 615.4% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 4,471 shares of the basic materials company’s stock worth $166,000 after acquiring an additional 3,846 shares during the last quarter. Finally, TLP Group LLC grew its holdings in Versum Materials by 15,817.1% during the 1st quarter. TLP Group LLC now owns 5,571 shares of the basic materials company’s stock worth $210,000 after acquiring an additional 5,536 shares during the last quarter. 91.90% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Credit Suisse Group boosted their target price on shares of Versum Materials from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. Finally, KeyCorp boosted their target price on shares of Versum Materials from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, September 7th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $46.14.
In other news, Director Susan C. Schnabel purchased 2,500 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were purchased at an average price of $37.49 per share, for a total transaction of $93,725.00. Following the transaction, the director now owns 16,859 shares of the company’s stock, valued at $632,043.91. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by insiders.
VSM opened at $36.72 on Friday. Versum Materials Inc has a fifty-two week low of $33.06 and a fifty-two week high of $42.74. The company has a debt-to-equity ratio of 6.20, a quick ratio of 3.39 and a current ratio of 4.43. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.25 and a beta of 0.52.
Versum Materials (NYSE:VSM) last posted its earnings results on Tuesday, August 7th. The basic materials company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. Versum Materials had a net margin of 14.29% and a return on equity of 264.89%. The firm had revenue of $350.00 million for the quarter, compared to analyst estimates of $344.20 million. equities research analysts forecast that Versum Materials Inc will post 2.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Tuesday, August 14th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Monday, August 13th. Versum Materials’s payout ratio is 12.57%.
Versum Materials Company Profile
Versum Materials, Inc develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. It operates in two segments, Materials, and Delivery Systems and Services (DS&S). The Materials segment provides specialty chemicals and materials used in semiconductors, as well as specialty gases used in the semiconductor manufacturing process, including high purity process materials for deposition, metallization, and chamber cleaning and etching; chemicals mechanical planarization slurries; organosilanes; organometallics and liquid dopants for thin film deposition; and formulated chemical products for post-etch cleaning primarily for the manufacture of silicon and compound semiconductors, and thin film transistor liquid crystal displays.
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