Zacks Investment Research upgraded shares of Versum Materials Inc. (NYSE:VSM) from a hold rating to a buy rating in a report published on Saturday, November 11th. They currently have $44.00 price objective on the basic materials company’s stock.
According to Zacks, “Versum Materials, Inc. is an electronic materials supplier to the semiconductor industry. The company’s primary business segment consists of Materials and Delivery Systems and Services. It provides specialty process gas, cleaners and etchants, slurries, organosilanes and organometallics deposition films and equipment. Versum Materials, Inc. is headquartered in Tempe, Arizona. “
Several other research firms have also issued reports on VSM. Credit Suisse Group set a $40.00 price target on Versum Materials and gave the company a buy rating in a report on Wednesday, August 2nd. Jefferies Group LLC restated a hold rating and issued a $38.00 price objective (up from $34.00) on shares of Versum Materials in a research report on Wednesday, August 2nd. Needham & Company LLC restated a buy rating and issued a $41.00 price objective on shares of Versum Materials in a research report on Tuesday, September 5th. ValuEngine downgraded Versum Materials from a buy rating to a hold rating in a research report on Monday, October 2nd. Finally, Loop Capital assumed coverage on Versum Materials in a research report on Thursday, September 28th. They issued a buy rating and a $47.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Versum Materials currently has a consensus rating of Buy and a consensus price target of $36.90.
Shares of Versum Materials (NYSE VSM) opened at $39.82 on Friday. Versum Materials has a fifty-two week low of $24.27 and a fifty-two week high of $42.74. The company has a current ratio of 3.84, a quick ratio of 2.88 and a debt-to-equity ratio of 39.72. The stock has a market capitalization of $4,333.08, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.72 and a beta of 1.62.
Versum Materials (NYSE:VSM) last released its quarterly earnings results on Thursday, November 9th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. Versum Materials had a negative return on equity of 457.02% and a net margin of 17.13%. The business had revenue of $294.50 million during the quarter, compared to analyst estimates of $281.39 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. Versum Materials’s revenue for the quarter was up 18.6% on a year-over-year basis. equities research analysts expect that Versum Materials will post 2.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. Versum Materials’s payout ratio is 11.30%.
In other Versum Materials news, Director Thomas Riordan acquired 2,550 shares of the stock in a transaction dated Thursday, November 16th. The shares were acquired at an average cost of $38.90 per share, for a total transaction of $99,195.00. Following the completion of the transaction, the director now directly owns 5,511 shares of the company’s stock, valued at $214,377.90. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Versum Materials by 12.0% in the second quarter. BlackRock Inc. now owns 9,045,328 shares of the basic materials company’s stock worth $293,975,000 after buying an additional 972,001 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Versum Materials by 1.4% in the second quarter. Vanguard Group Inc. now owns 8,916,485 shares of the basic materials company’s stock worth $289,786,000 after buying an additional 119,507 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Versum Materials by 3.3% in the second quarter. Franklin Resources Inc. now owns 4,713,791 shares of the basic materials company’s stock worth $153,198,000 after buying an additional 149,014 shares in the last quarter. Shapiro Capital Management LLC lifted its position in shares of Versum Materials by 4.7% in the second quarter. Shapiro Capital Management LLC now owns 4,433,838 shares of the basic materials company’s stock worth $144,100,000 after buying an additional 199,500 shares in the last quarter. Finally, Iridian Asset Management LLC CT lifted its position in shares of Versum Materials by 38.8% in the second quarter. Iridian Asset Management LLC CT now owns 4,413,786 shares of the basic materials company’s stock worth $143,448,000 after buying an additional 1,234,079 shares in the last quarter. Institutional investors own 90.65% of the company’s stock.
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.
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