Versum Materials Inc (NYSE:VSM) was the recipient of some unusual options trading on Wednesday. Traders bought 4,856 call options on the stock. This is an increase of approximately 2,628% compared to the average daily volume of 178 call options.
In other news, Director Susan C. Schnabel purchased 2,500 shares of the business’s stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $34.64 per share, with a total value of $86,600.00. Following the acquisition, the director now directly owns 14,335 shares in the company, valued at approximately $496,564.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Versum Materials by 100.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 932,533 shares of the basic materials company’s stock worth $30,308,000 after acquiring an additional 468,383 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Versum Materials by 10.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,393 shares of the basic materials company’s stock worth $598,000 after acquiring an additional 1,731 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Versum Materials during the 2nd quarter worth approximately $219,000. Institutional investors and hedge funds own 92.71% of the company’s stock.
Shares of Versum Materials (NYSE:VSM) opened at $37.02 on Thursday. Versum Materials has a 12 month low of $28.70 and a 12 month high of $42.74. The firm has a market capitalization of $4,094.85, a P/E ratio of 19.08, a PEG ratio of 1.54 and a beta of 0.07. The company has a quick ratio of 3.08, a current ratio of 4.13 and a debt-to-equity ratio of 16.37.
Versum Materials (NYSE:VSM) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Versum Materials had a return on equity of 6,666.66% and a net margin of 13.55%. The company had revenue of $330.80 million for the quarter, compared to analyst estimates of $295.68 million. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue was up 22.2% compared to the same quarter last year. sell-side analysts predict that Versum Materials will post 2.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were paid a $0.05 dividend. The ex-dividend date was Monday, February 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. Versum Materials’s dividend payout ratio is currently 13.61%.
About Versum Materials
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.
Receive News & Ratings for Versum Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Versum Materials and related companies with MarketBeat.com's FREE daily email newsletter.