Versum Materials Inc. (VSM) Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its position in Versum Materials Inc. (NYSE:VSM) by 11.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,299 shares of the basic materials company’s stock after acquiring an additional 6,225 shares during the period. Engineers Gate Manager LP owned 0.05% of Versum Materials worth $1,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of VSM. Teachers Advisors LLC acquired a new stake in shares of Versum Materials in the fourth quarter worth approximately $2,558,000. Nationwide Fund Advisors boosted its stake 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 acquiring an additional 537 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Versum Materials by 18.9% in the first quarter. Glen Harbor Capital Management LLC now owns 4,290 shares of the basic materials company’s stock worth $131,000 after acquiring an additional 682 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Versum Materials by 3.7% in the first quarter. Russell Investments Group Ltd. now owns 245,233 shares of the basic materials company’s stock worth $7,502,000 after acquiring an additional 8,824 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake 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 acquiring an additional 500 shares during the last quarter. 89.60% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Jacques M. Croisetiere purchased 2,750 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $36.00 per share, with a total value of $99,000.00. Following the completion of the transaction, the director now owns 8,376 shares of the company’s stock, valued at approximately $301,536. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.49% of the company’s stock.

Versum Materials Inc. (NYSE:VSM) opened at 37.20 on Monday. Versum Materials Inc. has a 1-year low of $21.86 and a 1-year high of $37.51. The firm has a market cap of $4.05 billion and a price-to-earnings ratio of 21.02. The firm’s 50-day moving average price is $35.82 and its 200-day moving average price is $32.33.

Versum Materials (NYSE:VSM) last released 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. The company had revenue of $290.80 million during the quarter, compared to the consensus estimate of $265.64 million. Versum Materials had a negative return on equity of 261.88% and a net margin of 17.91%. Versum Materials’s revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. On average, equities research analysts anticipate that Versum Materials Inc. will post $1.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Thursday, August 3rd.

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VSM has been the topic of a number of research analyst reports. Zacks Investment Research lowered Versum Materials from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Credit Suisse Group set a $40.00 price target on Versum Materials and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $38.00 price target (up from $34.00) on shares of Versum Materials in a research note on Wednesday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $41.00 price target on shares of Versum Materials in a research note on Tuesday, September 5th. Finally, Aegis raised Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Friday, June 23rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Versum Materials has a consensus rating of “Buy” and an average price target of $34.60.

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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