Donaldson Capital Management LLC reduced its stake in Versum Materials Inc. (NYSE:VSM) by 16.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,008 shares of the basic materials company’s stock after selling 10,380 shares during the period. Donaldson Capital Management LLC’s holdings in Versum Materials were worth $1,622,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Youngs Advisory Group Inc. increased its position in Versum Materials by 0.4% in the first quarter. Youngs Advisory Group Inc. now owns 44,064 shares of the basic materials company’s stock valued at $1,348,000 after buying an additional 192 shares during the period. State Treasurer State of Michigan increased its position in shares of Versum Materials by 0.9% in the first quarter. State Treasurer State of Michigan now owns 44,201 shares of the basic materials company’s stock worth $1,353,000 after buying an additional 400 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Versum Materials by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 27,400 shares of the basic materials company’s stock worth $838,000 after buying an additional 500 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Versum Materials by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 37,846 shares of the basic materials company’s stock worth $1,158,000 after buying an additional 500 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Versum Materials by 0.3% in the first quarter. Nationwide Fund Advisors now owns 181,246 shares of the basic materials company’s stock worth $5,546,000 after buying an additional 537 shares during the last quarter. Institutional investors and hedge funds own 88.97% of the company’s stock.

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

Versum Materials Inc. (NYSE VSM) opened at 31.30 on Monday. Versum Materials Inc. has a 12-month low of $21.86 and a 12-month high of $33.01. The stock has a market capitalization of $3.40 billion and a PE ratio of 18.03. The company’s 50-day moving average is $31.17 and its 200 day moving average is $29.53.

Versum Materials (NYSE:VSM) last released its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The company had revenue of $270.80 million for the quarter, compared to the consensus estimate of $249.95 million. During the same quarter last year, the firm posted $0.48 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, analysts predict that Versum Materials Inc. will post $1.79 EPS for the current year.

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A number of equities analysts recently commented on the stock. Credit Suisse Group set a $35.00 target price on shares of Versum Materials and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research cut shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Saturday, May 6th. Finally, Aegis initiated coverage on shares of Versum Materials in a research report on Friday, March 17th. They issued a “hold” rating and a $33.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.67.

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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