Teachers Advisors LLC Has $5.44 Million Position in Versum Materials Inc. (VSM)

Teachers Advisors LLC increased its stake in shares of Versum Materials Inc. (NYSE:VSM) by 79.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 167,409 shares of the basic materials company’s stock after buying an additional 74,088 shares during the quarter. Teachers Advisors LLC owned about 0.15% of Versum Materials worth $5,441,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in VSM. BlackRock Inc. lifted its position in Versum Materials by 3,827.3% during the first quarter. BlackRock Inc. now owns 8,073,327 shares of the basic materials company’s stock worth $247,043,000 after buying an additional 7,867,760 shares in the last quarter. Iridian Asset Management LLC CT lifted its position in Versum Materials by 38.8% during the second quarter. Iridian Asset Management LLC CT now owns 4,413,786 shares of the basic materials company’s stock worth $143,448,000 after buying an additional 1,234,079 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Versum Materials by 140.0% during the second quarter. First Eagle Investment Management LLC now owns 758,315 shares of the basic materials company’s stock worth $24,645,000 after buying an additional 442,313 shares in the last quarter. Morgan Stanley lifted its position in Versum Materials by 136.2% during the first quarter. Morgan Stanley now owns 727,575 shares of the basic materials company’s stock worth $22,264,000 after buying an additional 419,515 shares in the last quarter. Finally, Marshall Wace North America L.P. lifted its position in Versum Materials by 243.5% during the second quarter. Marshall Wace North America L.P. now owns 563,658 shares of the basic materials company’s stock worth $18,601,000 after buying an additional 399,548 shares in the last quarter. Hedge funds and other institutional investors own 89.60% of the company’s stock.

A number of brokerages recently commented on VSM. ValuEngine downgraded Versum Materials from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Loop Capital began coverage on Versum Materials in a research report on Thursday, September 28th. They set a “buy” rating and a $47.00 price objective on the stock. Zacks Investment Research upgraded Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $38.00 price objective (up previously from $34.00) on shares of Versum Materials in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus began coverage on Versum Materials in a research report on Wednesday, September 20th. They set a “hold” rating and a $42.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $38.20.

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Shares of Versum Materials Inc. (NYSE:VSM) opened at 38.47 on Tuesday. Versum Materials Inc. has a 52-week low of $22.17 and a 52-week high of $39.71. The stock has a market cap of $4.18 billion and a P/E ratio of 21.73. The firm has a 50-day moving average price of $38.15 and a 200-day moving average price of $38.15.

Versum Materials (NYSE:VSM) last announced its earnings results 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 firm had revenue of $290.80 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, analysts anticipate that Versum Materials Inc. will post $1.91 EPS for the current fiscal year.

In other Versum Materials news, Director Jacques M. Croisetiere purchased 2,750 shares of Versum Materials stock

A number of other institutional investors also recently made changes to their positions in VSM. BlackRock Inc. lifted its position in Versum Materials by 3,827.3% during the first quarter. BlackRock Inc. now owns 8,073,327 shares of the basic materials company’s stock worth $247,043,000 after buying an additional 7,867,760 shares in the last quarter. Iridian Asset Management LLC CT lifted its position in Versum Materials by 38.8% during the second quarter. Iridian Asset Management LLC CT now owns 4,413,786 shares of the basic materials company’s stock worth $143,448,000 after buying an additional 1,234,079 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Versum Materials by 140.0% during the second quarter. First Eagle Investment Management LLC now owns 758,315 shares of the basic materials company’s stock worth $24,645,000 after buying an additional 442,313 shares in the last quarter. Morgan Stanley lifted its position in Versum Materials by 136.2% during the first quarter. Morgan Stanley now owns 727,575 shares of the basic materials company’s stock worth $22,264,000 after buying an additional 419,515 shares in the last quarter. Finally, Marshall Wace North America L.P. lifted its position in Versum Materials by 243.5% during the second quarter. Marshall Wace North America L.P. now owns 563,658 shares of the basic materials company’s stock worth $18,601,000 after buying an additional 399,548 shares in the last quarter. Hedge funds and other institutional investors own 89.60% of the company’s stock.

A number of brokerages recently commented on VSM. ValuEngine downgraded Versum Materials from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Loop Capital began coverage on Versum Materials in a research report on Thursday, September 28th. They set a “buy” rating and a $47.00 price objective on the stock. Zacks Investment Research upgraded Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $38.00 price objective (up previously from $34.00) on shares of Versum Materials in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus began coverage on Versum Materials in a research report on Wednesday, September 20th. They set a “hold” rating and a $42.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $38.20.

WARNING: This piece was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://ledgergazette.com/2017/10/10/teachers-advisors-llc-has-5-44-million-position-in-versum-materials-inc-vsm.html.

Shares of Versum Materials Inc. (NYSE:VSM) opened at 38.47 on Tuesday. Versum Materials Inc. has a 52-week low of $22.17 and a 52-week high of $39.71. The stock has a market cap of $4.18 billion and a P/E ratio of 21.73. The firm has a 50-day moving average price of $38.15 and a 200-day moving average price of $38.15.

Versum Materials (NYSE:VSM) last announced its earnings results 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 firm had revenue of $290.80 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, analysts anticipate that Versum Materials Inc. will post $1.91 EPS for the current fiscal year.

In other Versum Materials news, Director Jacques M. Croisetiere purchased 2,750 shares of Versum Materials stock in a transaction on Thursday, August 3rd. The shares were bought at an average price of $36.00 per share, with a total value of $99,000.00. Following the purchase, the director now directly owns 8,376 shares in the company, valued at approximately $301,536. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

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.

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

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