Versum Materials Inc. (VSM) Shares Bought by Swiss National Bank

Swiss National Bank grew its stake in shares of Versum Materials Inc. (NYSE:VSM) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 181,200 shares of the basic materials company’s stock after purchasing an additional 11,700 shares during the period. Swiss National Bank owned approximately 0.17% of Versum Materials worth $5,889,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Versum Materials by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 8,796,978 shares of the basic materials company’s stock worth $269,187,000 after purchasing an additional 125,435 shares in the last quarter. BlackRock Inc. boosted its position in shares of Versum Materials by 3,827.3% during the 1st quarter. BlackRock Inc. now owns 8,073,327 shares of the basic materials company’s stock worth $247,043,000 after purchasing an additional 7,867,760 shares in the last quarter. Iridian Asset Management LLC CT boosted its position in shares of 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. Shapiro Capital Management LLC boosted its position in shares of Versum Materials by 39.9% during the 1st quarter. Shapiro Capital Management LLC now owns 4,234,338 shares of the basic materials company’s stock worth $129,571,000 after purchasing an additional 1,207,568 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Versum Materials by 2.6% during the 2nd quarter. Jennison Associates LLC now owns 1,562,524 shares of the basic materials company’s stock worth $50,782,000 after purchasing an additional 39,983 shares in the last quarter. Institutional investors own 89.59% of the company’s stock.

Versum Materials Inc. (NYSE VSM) opened at 38.29 on Tuesday. Versum Materials Inc. has a 1-year low of $21.86 and a 1-year high of $38.38. The firm has a market cap of $4.16 billion and a P/E ratio of 21.63. The stock’s 50 day moving average price is $37.85 and its 200 day moving average price is $36.81.

Versum Materials (NYSE:VSM) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.08. Versum Materials had a negative return on equity of 261.88% and a net margin of 17.91%. The business had revenue of $290.80 million during the quarter, compared to analysts’ expectations of $265.64 million. During the same quarter last year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Equities research analysts predict that Versum Materials Inc. will post $1.91 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.20 annualized dividend and a yield of 0.52%.

Several equities research analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and set a $41.00 target price on shares of Versum Materials in a research report on Tuesday, September 5th. Credit Suisse Group set a $40.00 target price on shares of Versum Materials and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $38.00 target price (up from $34.00) on shares of Versum Materials in a research report on Wednesday, August 2nd. Finally, Aegis upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Friday, June 23rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Versum Materials presently has an average rating of “Buy” and an average target price of $34.60.

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In other news, Director Jacques M. Croisetiere bought 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $36.00 per share, with a total value of $99,000.00. Following the completion of the purchase, the director now directly owns 8,376 shares of the company’s stock, valued at approximately $301,536. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.49% of the company’s stock.

Versum Materials Company Profile

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.

Institutional Ownership by Quarter for Versum Materials (NYSE:VSM)

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