Versum Materials Inc (NYSE:VSM) Director Susan C. Schnabel bought 2,500 shares of Versum Materials stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $34.64 per share, for a total transaction of $86,600.00. Following the acquisition, the director now owns 14,335 shares of the company’s stock, valued at $496,564.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Versum Materials Inc (NYSE:VSM) opened at $35.04 on Monday. The company has a current ratio of 4.13, a quick ratio of 2.88 and a debt-to-equity ratio of 16.37. Versum Materials Inc has a 1-year low of $28.32 and a 1-year high of $42.74. The firm has a market cap of $3,810.00 and a P/E ratio of 23.84.
Versum Materials (NYSE:VSM) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Versum Materials had a net margin of 13.55% and a return on equity of 6,666.66%. The company had revenue of $330.80 million for the quarter, compared to analysts’ expectations of $295.68 million. During the same quarter last year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. sell-side analysts expect that Versum Materials Inc will post 2.21 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in VSM. Dimensional Fund Advisors LP raised its holdings in Versum Materials by 100.9% during the second 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. State Street Corp raised its holdings in Versum Materials by 6.3% during the second quarter. State Street Corp now owns 2,834,415 shares of the basic materials company’s stock worth $92,125,000 after purchasing an additional 168,498 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Versum Materials by 34.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 402,776 shares of the basic materials company’s stock worth $13,090,000 after purchasing an additional 104,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Versum Materials by 9.8% during the second quarter. The Manufacturers Life Insurance Company now owns 592,701 shares of the basic materials company’s stock worth $19,263,000 after purchasing an additional 53,052 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in Versum Materials during the second quarter worth approximately $390,000. 90.72% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on the stock. Zacks Investment Research reaffirmed a “sell” rating and issued a $39.00 target price on shares of Versum Materials in a report on Saturday. TheStreet raised shares of Versum Materials from a “d+” rating to a “c-” rating in a report on Tuesday, February 6th. Credit Suisse Group reduced their target price on shares of Versum Materials from $46.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Stifel Nicolaus raised shares of Versum Materials from a “hold” rating to a “buy” rating and raised their target price for the company from $43.00 to $46.00 in a report on Tuesday, February 6th. Finally, Loop Capital cut shares of Versum Materials from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Versum Materials has an average rating of “Hold” and a consensus price target of $37.25.
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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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