Versum Materials Inc (VSM) Shares Sold by Pillar Pacific Capital Management LLC

Versum Materials Inc (VSM) Shares Sold by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC lowered its position in Versum Materials Inc (NYSE:VSM) by 43.7% during the first quarter, Holdings Channel reports. The fund owned 7,489 shares of the basic materials company’s stock after selling 5,807 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Versum Materials were worth $229,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Youngs Advisory Group Inc. raised its stake in shares of Versum Materials by 0.4% in the first quarter. Youngs Advisory Group Inc. now owns 44,064 shares of the basic materials company’s stock worth $1,348,000 after buying an additional 192 shares in the last quarter. State Treasurer State of Michigan raised its stake in shares of Versum Materials by 0.9% in the first quarter. State Treasurer State of Michigan now owns 44,201 shares of the basic materials company’s stock worth $1,353,000 after buying an additional 400 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Versum Materials by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 27,400 shares of the basic materials company’s stock worth $838,000 after buying an additional 500 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Versum Materials by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 37,846 shares of the basic materials company’s stock worth $1,158,000 after buying an additional 500 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Versum Materials by 0.3% in the first quarter. Nationwide Fund Advisors now owns 181,246 shares of the basic materials company’s stock worth $5,546,000 after buying an additional 537 shares in the last quarter. Institutional investors and hedge funds own 17.22% of the company’s stock.

Versum Materials Inc (NYSE:VSM) traded down 1.07% during midday trading on Friday, reaching $30.41. The company’s stock had a trading volume of 703,221 shares. The stock’s 50 day moving average is $30.51 and its 200 day moving average is $27.94. The stock has a market cap of $3.31 billion and a P/E ratio of 16.73. Versum Materials Inc has a 12-month low of $21.86 and a 12-month high of $33.01.

Versum Materials (NYSE:VSM) last posted its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $0.44 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.44. The business earned $270.80 million during the quarter, compared to analysts’ expectations of $249.95 million. During the same quarter last year, the firm earned $0.48 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Analysts anticipate that Versum Materials Inc will post $1.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 19th. Investors of record on Wednesday, April 5th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, April 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.66%.

A number of brokerages recently commented on VSM. Zacks Investment Research lowered Versum Materials from a “buy” rating to a “hold” rating in a research report on Saturday. Credit Suisse Group AG set a $33.00 target price on Versum Materials and gave the company a “buy” rating in a research report on Tuesday. Jefferies Group LLC reiterated a “hold” rating and issued a $31.00 target price on shares of Versum Materials in a research report on Tuesday, February 14th. KeyCorp upped their target price on Versum Materials from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, January 23rd. Finally, Goldman Sachs Group Inc began coverage on Versum Materials in a research report on Friday, February 10th. They issued a “neutral” rating and a $32.00 target price on the stock. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Versum Materials currently has an average rating of “Hold” and an average target price of $30.44.

In other Versum Materials news, Director Susan C. Schnabel purchased 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were purchased at an average cost of $30.14 per share, for a total transaction of $75,350.00. Following the completion of the purchase, the director now directly owns 2,500 shares in the company, valued at $75,350. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

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.

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).

Related posts

Leave a Comment