Silvant Capital Management LLC bought a new stake in shares of Versum Materials (NYSE:VSM) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,216 shares of the basic materials company’s stock, valued at approximately $384,000.
Several other large investors have also bought and sold shares of VSM. Diamond Hill Capital Management Inc. acquired a new position in shares of Versum Materials during the 1st quarter valued at $8,850,000. Alps Advisors Inc. increased its stake in Versum Materials by 97.5% during the 1st quarter. Alps Advisors Inc. now owns 12,202 shares of the basic materials company’s stock worth $459,000 after buying an additional 6,024 shares during the period. Armstrong Henry H Associates Inc. increased its stake in Versum Materials by 9.7% during the 1st quarter. Armstrong Henry H Associates Inc. now owns 44,884 shares of the basic materials company’s stock worth $1,724,000 after buying an additional 3,960 shares during the period. SG Americas Securities LLC increased its stake in Versum Materials by 44.0% during the 1st quarter. SG Americas Securities LLC now owns 80,683 shares of the basic materials company’s stock worth $3,036,000 after buying an additional 24,663 shares during the period. Finally, Boston Partners increased its stake in Versum Materials by 87.4% during the 1st quarter. Boston Partners now owns 3,726,695 shares of the basic materials company’s stock worth $140,235,000 after buying an additional 1,737,773 shares during the period. Institutional investors and hedge funds own 93.05% of the company’s stock.
Several research firms recently issued reports on VSM. Credit Suisse Group lifted their price target on shares of Versum Materials from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 9th. Zacks Investment Research downgraded shares of Versum Materials from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Stifel Nicolaus raised shares of Versum Materials from a “hold” rating to a “buy” rating and lifted their price target for the stock from $43.00 to $46.00 in a research note on Tuesday, February 6th. TheStreet raised shares of Versum Materials from a “d+” rating to a “c-” rating in a research note on Tuesday, February 6th. Finally, Jefferies Group raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Monday, March 26th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $39.38.
VSM opened at $38.37 on Friday. The stock has a market capitalization of $4.18 billion, a PE ratio of 18.10, a P/E/G ratio of 1.25 and a beta of 0.33. Versum Materials has a 1-year low of $30.03 and a 1-year high of $42.74. The company has a quick ratio of 3.78, a current ratio of 5.09 and a debt-to-equity ratio of 7.69.
Versum Materials (NYSE:VSM) last released its earnings results on Tuesday, May 8th. The basic materials company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.07. The company had revenue of $340.70 million during the quarter, compared to the consensus estimate of $312.84 million. Versum Materials had a net margin of 14.12% and a return on equity of 459.92%. The company’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. equities analysts expect that Versum Materials will post 2.36 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Tuesday, May 15th will be given a $0.06 dividend. The ex-dividend date is Monday, May 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.63%. This is an increase from Versum Materials’s previous quarterly dividend of $0.05. Versum Materials’s payout ratio is presently 12.57%.
About Versum Materials
Versum Materials, Inc develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. It operates in two segments, Materials, and Delivery Systems and Services (DS&S). The Materials segment provides specialty chemicals and materials used in semiconductors, as well as specialty gases used in the semiconductor manufacturing process, including high purity process materials for deposition, metallization, and chamber cleaning and etching; chemicals mechanical planarization slurries; organosilanes; organometallics and liquid dopants for thin film deposition; and formulated chemical products for post-etch cleaning primarily for the manufacture of silicon and compound semiconductors, and thin film transistor liquid crystal displays.
Want to see what other hedge funds are holding VSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Versum Materials (NYSE:VSM).
Receive News & Ratings for Versum Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Versum Materials and related companies with MarketBeat.com's FREE daily email newsletter.