Vanguard Group Inc. Acquires 119,507 Shares of Versum Materials Inc. (VSM)

Vanguard Group Inc. raised its holdings in Versum Materials Inc. (NYSE:VSM) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,916,485 shares of the basic materials company’s stock after acquiring an additional 119,507 shares during the period. Vanguard Group Inc. owned approximately 8.20% of Versum Materials worth $289,786,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Versum Materials by 3,827.3% during the 1st 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 during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Versum Materials by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,239,196 shares of the basic materials company’s stock worth $40,272,000 after buying an additional 50,211 shares during the last quarter. FMR LLC increased its holdings in shares of Versum Materials by 27.7% during the 1st quarter. FMR LLC now owns 224,634 shares of the basic materials company’s stock worth $6,874,000 after buying an additional 48,724 shares during the last quarter. Morgan Stanley increased its holdings in shares of Versum Materials by 136.2% during the 1st 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 during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Versum Materials by 6.3% during the 2nd quarter. Rhumbline Advisers now owns 201,275 shares of the basic materials company’s stock worth $6,541,000 after buying an additional 11,911 shares during the last quarter. Institutional investors own 89.60% of the company’s stock.

A number of brokerages have recently issued reports on VSM. Zacks Investment Research upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, August 2nd. ValuEngine upgraded shares of Versum Materials from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Needham & Company LLC began coverage on shares of Versum Materials in a report on Monday, July 10th. They set a “buy” rating and a $38.00 price target for the company. Credit Suisse Group set a $35.00 price target on shares of Versum Materials and gave the stock a “buy” rating in a report on Wednesday, June 14th. Finally, Stifel Nicolaus began coverage on shares of Versum Materials in a report on Wednesday, September 20th. They set a “hold” rating and a $42.00 price target for the company. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $38.20.

In related news, Director Jacques M. Croisetiere purchased 2,750 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 8,376 shares of the company’s stock, valued at approximately $301,536. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Shares of Versum Materials Inc. (VSM) opened at 38.90 on Wednesday. The firm has a market cap of $4.23 billion and a P/E ratio of 21.98. Versum Materials Inc. has a one year low of $22.17 and a one year high of $39.71. The stock’s 50 day moving average is $38.19 and its 200-day moving average is $38.19.

Versum Materials (NYSE:VSM) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.52 EPS 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 analyst estimates of $265.64 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. Versum Materials’s revenue for the quarter was up 19.8% compared to the same quarter last year. Analysts anticipate that Versum Materials Inc. will post $1.91 EPS for the current fiscal year.

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Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Versum Materials by 3,827.3% during the 1st 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 during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Versum Materials by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,239,196 shares of the basic materials company’s stock worth $40,272,000 after buying an additional 50,211 shares during the last quarter. FMR LLC increased its holdings in shares of Versum Materials by 27.7% during the 1st quarter. FMR LLC now owns 224,634 shares of the basic materials company’s stock worth $6,874,000 after buying an additional 48,724 shares during the last quarter. Morgan Stanley increased its holdings in shares of Versum Materials by 136.2% during the 1st 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 during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Versum Materials by 6.3% during the 2nd quarter. Rhumbline Advisers now owns 201,275 shares of the basic materials company’s stock worth $6,541,000 after buying an additional 11,911 shares during the last quarter. Institutional investors own 89.60% of the company’s stock.

A number of brokerages have recently issued reports on VSM. Zacks Investment Research upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, August 2nd. ValuEngine upgraded shares of Versum Materials from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Needham & Company LLC began coverage on shares of Versum Materials in a report on Monday, July 10th. They set a “buy” rating and a $38.00 price target for the company. Credit Suisse Group set a $35.00 price target on shares of Versum Materials and gave the stock a “buy” rating in a report on Wednesday, June 14th. Finally, Stifel Nicolaus began coverage on shares of Versum Materials in a report on Wednesday, September 20th. They set a “hold” rating and a $42.00 price target for the company. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $38.20.

In related news, Director Jacques M. Croisetiere purchased 2,750 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 8,376 shares of the company’s stock, valued at approximately $301,536. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Shares of Versum Materials Inc. (VSM) opened at 38.90 on Wednesday. The firm has a market cap of $4.23 billion and a P/E ratio of 21.98. Versum Materials Inc. has a one year low of $22.17 and a one year high of $39.71. The stock’s 50 day moving average is $38.19 and its 200-day moving average is $38.19.

Versum Materials (NYSE:VSM) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.52 EPS 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 analyst estimates of $265.64 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. Versum Materials’s revenue for the quarter was up 19.8% compared to the same quarter last year. Analysts anticipate that Versum Materials Inc. will post $1.91 EPS for the current fiscal year.

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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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