California Public Employees Retirement System lessened its position in shares of Versum Materials Inc (NYSE:VSM) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 184,415 shares of the basic materials company’s stock after selling 9,985 shares during the quarter. California Public Employees Retirement System owned 0.17% of Versum Materials worth $6,851,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in Versum Materials by 1.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 307,236 shares of the basic materials company’s stock valued at $11,413,000 after purchasing an additional 3,516 shares during the last quarter. Credit Agricole S A grew its stake in Versum Materials by 64.7% during the 2nd quarter. Credit Agricole S A now owns 56,000 shares of the basic materials company’s stock valued at $2,080,000 after purchasing an additional 22,000 shares during the last quarter. BlueMountain Capital Management LLC grew its stake in Versum Materials by 112.1% during the 2nd quarter. BlueMountain Capital Management LLC now owns 20,211 shares of the basic materials company’s stock valued at $751,000 after purchasing an additional 10,681 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Versum Materials by 4.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 42,467 shares of the basic materials company’s stock valued at $1,578,000 after purchasing an additional 1,692 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Versum Materials by 236.1% in the second quarter. GSA Capital Partners LLP now owns 86,562 shares of the basic materials company’s stock worth $3,216,000 after buying an additional 60,807 shares during the last quarter. Institutional investors and hedge funds own 91.90% of the company’s stock.
A number of brokerages have recently commented on VSM. ValuEngine downgraded Versum Materials from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research downgraded Versum Materials from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Credit Suisse Group upped their target price on Versum Materials from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 8th. Finally, KeyCorp upped their target price on Versum Materials from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, September 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Versum Materials has an average rating of “Buy” and a consensus target price of $46.14.
Shares of VSM opened at $31.39 on Friday. Versum Materials Inc has a 52 week low of $31.01 and a 52 week high of $42.74. The company has a current ratio of 4.43, a quick ratio of 3.39 and a debt-to-equity ratio of 6.20. The stock has a market capitalization of $3.92 billion, a PE ratio of 16.43, a P/E/G ratio of 1.19 and a beta of 0.63.
Versum Materials (NYSE:VSM) last issued its earnings results on Tuesday, August 7th. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Versum Materials had a return on equity of 264.89% and a net margin of 14.29%. The firm had revenue of $350.00 million for the quarter, compared to the consensus estimate of $344.20 million. On average, research analysts predict that Versum Materials Inc will post 2.33 EPS for the current fiscal year.
In related news, Director Susan C. Schnabel bought 2,500 shares of the 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 completion of the purchase, the director now directly owns 16,859 shares of the company’s stock, valued at $632,043.91. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by corporate insiders.
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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