Versum Materials Inc (VSM) Holdings Boosted by Millennium Management LLC
Millennium Management LLC boosted its holdings in Versum Materials Inc (NYSE:VSM) by 60.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 598,860 shares of the basic materials company’s stock after buying an additional 225,982 shares during the quarter. Millennium Management LLC’s holdings in Versum Materials were worth $22,248,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. BlackRock Inc. grew its stake in shares of Versum Materials by 1.2% during the 2nd quarter. BlackRock Inc. now owns 10,009,996 shares of the basic materials company’s stock valued at $371,872,000 after purchasing an additional 120,849 shares during the period. Iridian Asset Management LLC CT grew its stake in shares of Versum Materials by 10.2% during the 2nd quarter. Iridian Asset Management LLC CT now owns 6,239,870 shares of the basic materials company’s stock valued at $231,811,000 after purchasing an additional 578,716 shares during the period. Boston Partners grew its stake in shares of Versum Materials by 23.0% during the 2nd quarter. Boston Partners now owns 4,584,931 shares of the basic materials company’s stock valued at $170,330,000 after purchasing an additional 858,236 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Versum Materials by 7.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,093,339 shares of the basic materials company’s stock valued at $40,618,000 after purchasing an additional 74,743 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Versum Materials by 9.6% during the 2nd quarter. Victory Capital Management Inc. now owns 856,014 shares of the basic materials company’s stock valued at $31,801,000 after purchasing an additional 75,010 shares during the period. 91.90% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on VSM shares. KeyCorp boosted their price target on Versum Materials from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, September 7th. Credit Suisse Group boosted their price target on Versum Materials from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research downgraded Versum Materials from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $46.14.
Versum Materials (NYSE:VSM) last released its quarterly earnings results on Tuesday, August 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. The business had revenue of $350.00 million during the quarter, compared to the consensus estimate of $344.20 million. Versum Materials had a return on equity of 264.89% and a net margin of 14.29%. sell-side analysts expect that Versum Materials Inc will post 2.33 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Investors of record on Tuesday, August 14th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.67%. Versum Materials’s dividend payout ratio (DPR) is presently 12.57%.
In related news, Director Susan C. Schnabel acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was bought at an average cost of $37.49 per share, for a total transaction of $93,725.00. Following the purchase, the director now owns 16,859 shares in the company, valued at approximately $632,043.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.55% of the company’s stock.
Versum Materials Profile
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.
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