Neuburgh Advisers LLC cut its stake in Versum Materials Inc (NYSE:VSM) by 35.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,464 shares of the basic materials company’s stock after selling 4,736 shares during the quarter. Neuburgh Advisers LLC’s holdings in Versum Materials were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of VSM. Boston Partners increased its stake in shares of Versum Materials by 87.4% in the first quarter. Boston Partners now owns 3,726,695 shares of the basic materials company’s stock worth $140,235,000 after acquiring an additional 1,737,773 shares during the last quarter. Iridian Asset Management LLC CT increased its stake in shares of Versum Materials by 10.2% in the second quarter. Iridian Asset Management LLC CT now owns 6,239,870 shares of the basic materials company’s stock worth $231,811,000 after acquiring an additional 578,716 shares during the last quarter. BlackRock Inc. increased its stake in shares of Versum Materials by 3.0% in the first quarter. BlackRock Inc. now owns 9,889,147 shares of the basic materials company’s stock worth $372,128,000 after acquiring an additional 290,001 shares during the last quarter. Overbrook Management Corp increased its stake in shares of Versum Materials by 31.0% in the second quarter. Overbrook Management Corp now owns 697,104 shares of the basic materials company’s stock worth $25,897,000 after acquiring an additional 165,144 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Versum Materials by 3,096.7% in the second quarter. BNP Paribas Arbitrage SA now owns 148,197 shares of the basic materials company’s stock worth $5,506,000 after acquiring an additional 143,561 shares during the last quarter. 92.14% of the stock is currently owned by institutional investors and hedge funds.
Versum Materials stock opened at $39.02 on Thursday. 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 firm has a market cap of $4.34 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.32 and a beta of 0.52. Versum Materials Inc has a one year low of $33.06 and a one year high of $42.74.
Versum Materials (NYSE:VSM) last posted its earnings results on Tuesday, August 7th. The basic materials company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The firm had revenue of $350.00 million for the quarter, compared to the consensus estimate of $344.20 million. Versum Materials had a net margin of 14.29% and a return on equity of 264.89%. sell-side analysts predict 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 given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Monday, August 13th. Versum Materials’s payout ratio is 12.57%.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Friday, May 11th. Credit Suisse Group increased their target price on shares of Versum Materials from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 9th. Finally, Argus raised shares of Versum Materials from a “hold” rating to a “buy” rating in a research report on Monday, May 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.57.
In other Versum Materials news, Director Susan C. Schnabel bought 2,500 shares of the stock in a transaction on Monday, August 13th. The shares were purchased at an average cost of $37.49 per share, with a total value of $93,725.00. Following the completion of the transaction, the director now directly owns 16,859 shares of the company’s stock, valued at approximately $632,043.91. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.
About Versum Materials
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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