CIBC Private Wealth Group LLC Has $809,000 Holdings in Versum Materials Inc (VSM)
CIBC Private Wealth Group LLC raised its stake in shares of Versum Materials Inc (NYSE:VSM) by 24.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,756 shares of the basic materials company’s stock after buying an additional 4,210 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Versum Materials were worth $809,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Diamond Hill Capital Management Inc. bought a new stake in shares of Versum Materials in the 1st quarter valued at $8,850,000. Alps Advisors Inc. boosted its stake in shares of Versum Materials by 97.5% in the 1st quarter. Alps Advisors Inc. now owns 12,202 shares of the basic materials company’s stock valued at $459,000 after purchasing an additional 6,024 shares during the last quarter. Armstrong Henry H Associates Inc. lifted its position in shares of Versum Materials by 9.7% during the 1st quarter. Armstrong Henry H Associates Inc. now owns 44,884 shares of the basic materials company’s stock valued at $1,724,000 after acquiring an additional 3,960 shares during the period. SG Americas Securities LLC lifted its position in shares of Versum Materials by 44.0% during the 1st quarter. SG Americas Securities LLC now owns 80,683 shares of the basic materials company’s stock valued at $3,036,000 after acquiring an additional 24,663 shares during the period. Finally, Boston Partners lifted its position in shares of Versum Materials by 87.4% during the 1st quarter. Boston Partners now owns 3,726,695 shares of the basic materials company’s stock valued at $140,235,000 after acquiring an additional 1,737,773 shares during the period. Hedge funds and other institutional investors own 92.13% of the company’s stock.
Versum Materials stock opened at $37.52 on Friday. The company has a debt-to-equity ratio of 6.20, a quick ratio of 3.39 and a current ratio of 4.43. Versum Materials Inc has a 12-month low of $33.06 and a 12-month high of $42.74. The firm has a market cap of $4.06 billion, a P/E ratio of 19.64, a P/E/G ratio of 1.22 and a beta of 0.53.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 28th. Investors of record on Tuesday, August 14th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, August 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.64%. Versum Materials’s payout ratio is presently 12.57%.
In related news, Director Susan C. Schnabel bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were bought at an average price of $37.49 per share, for a total transaction of $93,725.00. Following the transaction, the director now directly owns 16,859 shares of the company’s stock, valued at $632,043.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is owned by insiders.
A number of research analysts recently issued reports on the stock. Credit Suisse Group boosted their target price on shares of Versum Materials from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Wednesday, August 8th. Zacks Investment Research downgraded shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, Argus upgraded shares of Versum Materials from a “hold” rating to a “buy” rating in a research report on Monday, May 14th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $39.57.
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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