Moody Aldrich Partners LLC raised its position in Versum Materials Inc (NYSE:VSM) by 74.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,928 shares of the basic materials company’s stock after purchasing an additional 35,051 shares during the quarter. Moody Aldrich Partners LLC owned 0.08% of Versum Materials worth $3,044,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mount Yale Investment Advisors LLC bought a new position in Versum Materials during the first quarter worth about $113,000. Group One Trading L.P. bought a new position in Versum Materials during the first quarter worth about $115,000. Envestnet Asset Management Inc. grew its holdings in Versum Materials by 72.1% during the first quarter. Envestnet Asset Management Inc. now owns 4,596 shares of the basic materials company’s stock worth $165,000 after purchasing an additional 1,925 shares during the period. SeaCrest Wealth Management LLC grew its holdings in Versum Materials by 615.4% during the second quarter. SeaCrest Wealth Management LLC now owns 4,471 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 3,846 shares during the period. Finally, TLP Group LLC grew its holdings in Versum Materials by 15,817.1% during the first quarter. TLP Group LLC now owns 5,571 shares of the basic materials company’s stock worth $210,000 after purchasing an additional 5,536 shares during the period. 91.90% of the stock is currently owned by hedge funds and other institutional investors.
VSM stock traded down $0.23 during mid-day trading on Friday, hitting $31.39. 859,421 shares of the company were exchanged, compared to its average volume of 492,365. The company has a quick ratio of 3.39, a current ratio of 4.43 and a debt-to-equity ratio of 6.20. The company has a market capitalization of $3.92 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.19 and a beta of 0.63. Versum Materials Inc has a 1-year low of $31.01 and a 1-year high of $42.74.
In related news, Director Susan C. Schnabel acquired 2,500 shares of the business’s stock in a transaction on Monday, August 13th. The stock was purchased at an average cost of $37.49 per share, for a total transaction of $93,725.00. Following the completion of the transaction, the director now directly owns 16,859 shares of the company’s stock, valued at approximately $632,043.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.55% of the company’s stock.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Versum Materials from a “hold” rating to a “sell” rating in a report on Saturday. ValuEngine cut Versum Materials from a “hold” rating to a “sell” rating in a report on Thursday. KeyCorp lifted their price target on Versum Materials from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, September 7th. Finally, Credit Suisse Group lifted their price target on Versum Materials from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $46.14.
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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