Versum Materials Inc. (NYSE:VSM) Director Purchases $99,195.00 in Stock

Versum Materials Inc. (NYSE:VSM) Director Thomas Riordan acquired 2,550 shares of Versum Materials stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $38.90 per share, with a total value of $99,195.00. Following the purchase, the director now directly owns 5,511 shares in the company, valued at $214,377.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Versum Materials Inc. (NYSE:VSM) traded down $1.51 on Monday, reaching $35.77. The company had a trading volume of 757,202 shares, compared to its average volume of 496,149. The stock has a market cap of $3,960.00 and a PE ratio of 19.62. The company has a debt-to-equity ratio of 39.72, a current ratio of 3.84 and a quick ratio of 2.88. Versum Materials Inc. has a twelve month low of $24.27 and a twelve month high of $42.74.

Versum Materials (NYSE:VSM) last issued its quarterly earnings data on Thursday, November 9th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $294.50 million for the quarter, compared to analysts’ expectations of $281.39 million. Versum Materials had a negative return on equity of 457.02% and a net margin of 17.13%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. research analysts predict that Versum Materials Inc. will post 2.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, November 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.56%. Versum Materials’s dividend payout ratio (DPR) is 11.36%.

A number of research analysts have issued reports on VSM shares. Zacks Investment Research downgraded Versum Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Credit Suisse Group increased their price target on Versum Materials from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. KeyCorp reiterated an “overweight” rating and set a $4.00 price target (down previously from $41.00) on shares of Versum Materials in a research note on Friday, November 10th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target (up previously from $41.00) on shares of Versum Materials in a research note on Friday, November 10th. Finally, ValuEngine upgraded Versum Materials from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Versum Materials currently has a consensus rating of “Buy” and an average price target of $36.90.

A number of institutional investors and hedge funds have recently modified their holdings of VSM. Iridian Asset Management LLC CT lifted its holdings in Versum Materials by 38.8% during the 2nd quarter. Iridian Asset Management LLC CT now owns 4,413,786 shares of the basic materials company’s stock worth $143,448,000 after purchasing an additional 1,234,079 shares in the last quarter. BlackRock Inc. lifted its holdings in Versum Materials by 12.0% during the 2nd quarter. BlackRock Inc. now owns 9,045,328 shares of the basic materials company’s stock worth $293,975,000 after purchasing an additional 972,001 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Versum Materials by 100.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 932,533 shares of the basic materials company’s stock worth $30,308,000 after purchasing an additional 468,383 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Versum Materials by 140.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 758,315 shares of the basic materials company’s stock worth $24,645,000 after purchasing an additional 442,313 shares in the last quarter. Finally, Marshall Wace North America L.P. lifted its holdings in Versum Materials by 243.5% during the 2nd quarter. Marshall Wace North America L.P. now owns 563,658 shares of the basic materials company’s stock worth $18,601,000 after purchasing an additional 399,548 shares in the last quarter. 90.37% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Versum Materials Inc. (NYSE:VSM) Director Purchases $99,195.00 in Stock” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/12/05/thomas-riordan-acquires-2550-shares-of-versum-materials-inc-vsm-stock.html.

About Versum Materials

Versum Materials, Inc is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets.

Receive News & Ratings for Versum Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Versum Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply