Capital World Investors Has $117,411,000 Position in Versum Materials Inc. (VSM)
Capital World Investors continued to hold its position in shares of Versum Materials Inc. (NYSE:VSM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,612,633 shares of the basic materials company’s stock at the end of the second quarter. Capital World Investors owned about 3.32% of Versum Materials worth $117,411,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Versum Materials by 12.0% in the 2nd quarter. BlackRock Inc. now owns 9,045,328 shares of the basic materials company’s stock valued at $293,975,000 after acquiring an additional 972,001 shares during the period. Vanguard Group Inc. increased its position in shares of Versum Materials by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,916,485 shares of the basic materials company’s stock valued at $289,786,000 after acquiring an additional 119,507 shares during the period. Franklin Resources Inc. increased its position in shares of Versum Materials by 3.3% in the 2nd quarter. Franklin Resources Inc. now owns 4,713,791 shares of the basic materials company’s stock valued at $153,198,000 after acquiring an additional 149,014 shares during the period. Shapiro Capital Management LLC increased its position in shares of Versum Materials by 4.7% in the 2nd quarter. Shapiro Capital Management LLC now owns 4,433,838 shares of the basic materials company’s stock valued at $144,100,000 after acquiring an additional 199,500 shares during the period. Finally, Iridian Asset Management LLC CT increased its position in shares of Versum Materials by 38.8% in the 2nd quarter. Iridian Asset Management LLC CT now owns 4,413,786 shares of the basic materials company’s stock valued at $143,448,000 after acquiring an additional 1,234,079 shares during the period. 89.59% of the stock is currently owned by hedge funds and other institutional investors.
In other Versum Materials news, Director Jacques M. Croisetiere acquired 2,750 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $36.00 per share, for a total transaction of $99,000.00. Following the completion of the purchase, the director now owns 8,376 shares in the company, valued at approximately $301,536. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company’s stock.
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Several research firms recently issued reports on VSM. ValuEngine raised Versum Materials from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Jefferies Group LLC reissued a “hold” rating and issued a $38.00 target price (up from $34.00) on shares of Versum Materials in a research report on Wednesday, August 2nd. Stifel Nicolaus began coverage on Versum Materials in a research report on Wednesday, September 20th. They issued a “hold” rating and a $42.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $41.00 target price on shares of Versum Materials in a research report on Tuesday, September 5th. Finally, Zacks Investment Research downgraded Versum Materials from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $38.20.
Shares of Versum Materials Inc. (NYSE VSM) opened at 38.23 on Friday. The stock has a market capitalization of $4.16 billion and a price-to-earnings ratio of 21.60. The firm has a 50-day moving average of $38.11 and a 200 day moving average of $38.11. Versum Materials Inc. has a 12-month low of $22.17 and a 12-month high of $39.71.
Versum Materials (NYSE:VSM) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $290.80 million for the quarter, compared to analyst estimates of $265.64 million. Versum Materials had a net margin of 17.91% and a negative return on equity of 261.88%. Versum Materials’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. Equities analysts forecast that Versum Materials Inc. will post $1.91 earnings per share for the current fiscal year.
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.
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