ProShare Advisors LLC increased its stake in Versum Materials Inc. (NYSE:VSM) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,614 shares of the basic materials company’s stock after buying an additional 55 shares during the period. ProShare Advisors LLC’s holdings in Versum Materials were worth $507,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC raised its stake in Versum Materials by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 20,484 shares of the basic materials company’s stock worth $627,000 after buying an additional 179 shares in the last quarter. Comerica Bank raised its stake in Versum Materials by 0.3% in the second quarter. Comerica Bank now owns 113,125 shares of the basic materials company’s stock worth $4,043,000 after buying an additional 287 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in Versum Materials by 1.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 20,574 shares of the basic materials company’s stock worth $669,000 after buying an additional 309 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Versum Materials by 0.5% in the second quarter. Great West Life Assurance Co. Can now owns 66,277 shares of the basic materials company’s stock worth $2,153,000 after buying an additional 360 shares in the last quarter. Finally, Advantus Capital Management Inc raised its stake in Versum Materials by 3.0% in the first quarter. Advantus Capital Management Inc now owns 13,914 shares of the basic materials company’s stock worth $426,000 after buying an additional 408 shares in the last quarter. 89.59% of the stock is owned by institutional investors.

Versum Materials Inc. (NYSE VSM) opened at 38.23 on Friday. The company has a market cap of $4.16 billion and a P/E ratio of 21.60. Versum Materials Inc. has a 52 week low of $22.17 and a 52 week high of $39.71. The firm’s 50 day moving average is $38.11 and its 200-day moving average is $38.11.

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

VSM has been the subject of a number of research reports. Zacks Investment Research raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Wednesday, July 5th. Needham & Company LLC initiated coverage on shares of Versum Materials in a research note on Monday, July 10th. They issued a “buy” rating and a $38.00 price target for the company. Loop Capital initiated coverage on shares of Versum Materials in a research note on Thursday, September 28th. They issued a “buy” rating and a $47.00 price target for the company. Credit Suisse Group AG set a $35.00 price target on shares of Versum Materials and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Finally, Aegis raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Friday, June 23rd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $38.20.

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In other Versum Materials news, Director Jacques M. Croisetiere purchased 2,750 shares of the stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average price of $36.00 per share, with a total value of $99,000.00. Following the transaction, the director now owns 8,376 shares of the company’s stock, valued at $301,536. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

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.

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

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