Versum Materials Inc. (NYSE:VSM) Director Thomas Riordan purchased 2,550 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average price of $38.90 per share, for a total transaction of $99,195.00. Following the purchase, the director now owns 5,511 shares in the company, valued at $214,377.90. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Versum Materials Inc. (NYSE VSM) traded up $0.08 during midday trading on Friday, hitting $38.66. 608,091 shares of the company traded hands, compared to its average volume of 416,169. The company has a current ratio of 3.84, a quick ratio of 2.88 and a debt-to-equity ratio of 39.72. The company has a market cap of $4,210.00 and a P/E ratio of 20.26. Versum Materials Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $42.74.

Versum Materials (NYSE:VSM) last posted its quarterly earnings data on Thursday, November 9th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The business had revenue of $294.50 million during the quarter, compared to the consensus estimate of $281.39 million. During the same period in the prior year, the firm earned $0.44 EPS. Versum Materials’s quarterly revenue was up 18.6% compared to the same quarter last year. sell-side analysts anticipate that Versum Materials Inc. will post 2.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, November 10th. Versum Materials’s dividend payout ratio (DPR) is presently 11.30%.

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A number of institutional investors have recently modified their holdings of the business. McQueen Ball & Associates Inc. bought a new stake in Versum Materials in the 3rd quarter valued at $228,000. California State Teachers Retirement System boosted its holdings in Versum Materials by 2.2% in the 2nd quarter. California State Teachers Retirement System now owns 199,672 shares of the basic materials company’s stock valued at $6,489,000 after purchasing an additional 4,340 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Versum Materials by 10.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,393 shares of the basic materials company’s stock valued at $598,000 after purchasing an additional 1,731 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Versum Materials by 9.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 592,701 shares of the basic materials company’s stock valued at $19,263,000 after purchasing an additional 53,052 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Versum Materials by 34.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 402,776 shares of the basic materials company’s stock valued at $13,090,000 after purchasing an additional 104,000 shares during the period. 90.04% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on VSM. Needham & Company LLC restated a “buy” rating and set a $45.00 price target (up previously from $41.00) on shares of Versum Materials in a research note on Friday, November 10th. KeyCorp restated an “overweight” rating and set a $4.00 price target (down previously from $41.00) on shares of Versum Materials in a research note on Friday, November 10th. Jefferies Group LLC restated a “hold” rating and set a $38.00 price target on shares of Versum Materials in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, ValuEngine lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $36.90.

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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