Versum Materials Inc (NYSE:VSM) Stock Holdings Trimmed by State Street Corp

State Street Corp lessened its holdings in shares of Versum Materials Inc (NYSE:VSM) by 1.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,668,672 shares of the basic materials company’s stock after selling 32,459 shares during the quarter. State Street Corp owned about 2.44% of Versum Materials worth $141,253,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan grew its position in Versum Materials by 1.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 20,170 shares of the basic materials company’s stock valued at $1,040,000 after buying an additional 290 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Versum Materials by 1.1% in the 3rd quarter. Voya Investment Management LLC now owns 30,555 shares of the basic materials company’s stock worth $1,617,000 after acquiring an additional 335 shares during the period. Stephens Inc. AR boosted its holdings in shares of Versum Materials by 9.9% in the second quarter. Stephens Inc. AR now owns 4,667 shares of the basic materials company’s stock valued at $241,000 after acquiring an additional 420 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Versum Materials by 1.2% in the second quarter. Treasurer of the State of North Carolina now owns 43,810 shares of the basic materials company’s stock valued at $2,260,000 after acquiring an additional 510 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Versum Materials by 8.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,364 shares of the basic materials company’s stock valued at $390,000 after acquiring an additional 594 shares during the period. 92.84% of the stock is owned by institutional investors.

Separately, Zacks Investment Research cut Versum Materials from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Versum Materials has a consensus rating of “Hold” and an average price target of $46.50.

NYSE:VSM opened at $52.99 on Friday. The business’s 50-day moving average price is $52.99 and its 200 day moving average price is $52.14. The firm has a market cap of $5.79 billion, a P/E ratio of 22.55 and a beta of 1.65. Versum Materials Inc has a 52-week low of $25.02 and a 52-week high of $53.00. The company has a quick ratio of 3.12, a current ratio of 4.33 and a debt-to-equity ratio of 4.77.

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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