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.
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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.
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