Wendell David Associates Inc. purchased a new position in shares of Versum Materials Inc (NYSE:VSM) in the first quarter, Holdings Channel reports. The fund purchased 5,178 shares of the basic materials company’s stock, valued at approximately $261,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prudential Financial Inc. lifted its holdings in shares of Versum Materials by 52.1% in the 4th quarter. Prudential Financial Inc. now owns 1,346,843 shares of the basic materials company’s stock valued at $37,335,000 after buying an additional 461,489 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Versum Materials by 34.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 113,798 shares of the basic materials company’s stock valued at $4,098,000 after buying an additional 29,096 shares during the period. Two Sigma Investments LP acquired a new position in shares of Versum Materials in the 4th quarter valued at about $3,565,000. Raymond James & Associates lifted its holdings in shares of Versum Materials by 5.2% in the 4th quarter. Raymond James & Associates now owns 314,987 shares of the basic materials company’s stock valued at $8,731,000 after buying an additional 15,634 shares during the period. Finally, BlueMountain Capital Management LLC lifted its holdings in shares of Versum Materials by 14.3% in the 3rd quarter. BlueMountain Capital Management LLC now owns 23,111 shares of the basic materials company’s stock valued at $832,000 after buying an additional 2,900 shares during the period. 92.55% of the stock is owned by institutional investors.

NYSE VSM traded up $0.07 during trading hours on Thursday, reaching $51.91. The company’s stock had a trading volume of 67,773 shares, compared to its average volume of 1,730,897. Versum Materials Inc has a 1-year low of $25.02 and a 1-year high of $51.99. The company has a current ratio of 4.82, a quick ratio of 3.74 and a debt-to-equity ratio of 3.65. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 22.09 and a beta of 2.11.

Versum Materials (NYSE:VSM) last posted its quarterly earnings data on Monday, February 4th. The basic materials company reported $0.55 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The company had revenue of $339.50 million during the quarter, compared to analyst estimates of $339.69 million. Versum Materials had a return on equity of 135.80% and a net margin of 17.37%. Versum Materials’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. Equities analysts predict that Versum Materials Inc will post 2.37 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. Stifel Nicolaus cut Versum Materials from a “buy” rating to a “hold” rating in a report on Monday. Loop Capital raised Versum Materials from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Argus cut Versum Materials from a “buy” rating to a “hold” rating in a report on Monday, March 25th. Zacks Investment Research cut Versum Materials from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Finally, Jefferies Financial Group cut Versum Materials from a “buy” rating to a “hold” rating and upped their price target for the stock from $44.00 to $47.00 in a report on Monday, March 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $46.67.

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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. The company operates through two segments, Materials, and Delivery Systems and Services (DS&S).

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

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