Sei Investments Co. increased its position in Versum Materials Inc. (NYSE:VSM) by 57.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,518 shares of the basic materials company’s stock after buying an additional 58,053 shares during the period. Sei Investments Co. owned about 0.15% of Versum Materials worth $5,185,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in VSM. Dimensional Fund Advisors LP bought a new stake in shares of Versum Materials during the fourth quarter worth approximately $5,440,000. World Asset Management Inc bought a new stake in shares of Versum Materials during the first quarter worth approximately $227,000. BlackRock Inc. raised its stake in shares of Versum Materials by 3,827.3% in 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. UBS Asset Management Americas Inc. bought a new stake in shares of Versum Materials during the fourth quarter worth approximately $2,374,000. Finally, Iridian Asset Management LLC CT raised its stake in shares of Versum Materials by 7.4% in the first quarter. Iridian Asset Management LLC CT now owns 3,179,707 shares of the basic materials company’s stock worth $97,299,000 after buying an additional 220,040 shares in the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.
Shares of Versum Materials Inc. (NYSE:VSM) opened at 35.18 on Thursday. Versum Materials Inc. has a 12 month low of $21.86 and a 12 month high of $37.40. The company has a market capitalization of $3.83 billion and a price-to-earnings ratio of 19.88. The company’s 50-day moving average is $34.45 and its 200 day moving average is $31.53.
Versum Materials (NYSE:VSM) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $290.80 million for the quarter, compared to analysts’ expectations of $265.64 million. Versum Materials had a net margin of 17.91% and a negative return on equity of 261.88%. The business’s revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. On average, equities research analysts anticipate that Versum Materials Inc. will post $1.91 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%.
ILLEGAL ACTIVITY NOTICE: This piece was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://stocknewstimes.com/2017/08/17/versum-materials-inc-vsm-shares-bought-by-sei-investments-co.html.
A number of analysts have recently commented on VSM shares. Credit Suisse Group set a $33.00 price target on shares of Versum Materials and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday, July 5th. Needham & Company LLC started coverage on shares of Versum Materials in a research report on Monday, July 10th. They set a “buy” rating and a $38.00 target price for the company. Aegis upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Friday, June 23rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $38.00 target price (up from $34.00) on shares of Versum Materials in a research report on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Versum Materials currently has a consensus rating of “Buy” and an average price target of $34.30.
In other news, Director Jacques M. Croisetiere acquired 2,750 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were acquired 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 of the company’s stock, valued at $301,536. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.49% of the stock is owned by company insiders.
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.
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 Inc. (NYSE:VSM).
Receive News & Ratings for Versum Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Versum Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
