Shares of Versum Materials Inc (NYSE:VSM) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $35.71.
Several analysts recently commented on the company. Jefferies Group restated a “hold” rating and issued a $38.00 target price on shares of Versum Materials in a research report on Thursday, October 19th. Zacks Investment Research upgraded Versum Materials from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Saturday, November 11th. Loop Capital cut Versum Materials from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a research report on Thursday, January 25th. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price (up from $41.00) on shares of Versum Materials in a research report on Friday, November 10th. Finally, ValuEngine cut Versum Materials from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Shares of Versum Materials (VSM) opened at $37.50 on Friday. Versum Materials has a 1 year low of $27.87 and a 1 year high of $42.74. The company has a debt-to-equity ratio of 39.72, a current ratio of 3.84 and a quick ratio of 2.88. The company has a market capitalization of $4,080.00 and a P/E ratio of 21.31.
Versum Materials (NYSE:VSM) last posted its earnings results on Thursday, November 9th. The basic materials company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Versum Materials had a negative return on equity of 457.02% and a net margin of 17.13%. The firm had revenue of $294.50 million for the quarter, compared to analysts’ expectations of $281.39 million. During the same period last year, the firm earned $0.44 EPS. The firm’s revenue was up 18.6% compared to the same quarter last year. equities analysts anticipate that Versum Materials will post 2.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Monday, February 12th. Versum Materials’s dividend payout ratio (DPR) is presently 11.36%.
In other news, Director Thomas Riordan purchased 2,550 shares of the stock in a transaction dated Thursday, November 16th. The shares were bought at an average cost of $38.90 per share, for a total transaction of $99,195.00. Following the transaction, the director now owns 5,511 shares in the company, valued at $214,377.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of VSM. Teachers Advisors LLC increased its position in shares of Versum Materials by 79.4% during the 2nd quarter. Teachers Advisors LLC now owns 167,409 shares of the basic materials company’s stock valued at $5,441,000 after purchasing an additional 74,088 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Versum Materials by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 352,440 shares of the basic materials company’s stock worth $11,453,000 after acquiring an additional 8,696 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Versum Materials by 0.4% during the 2nd quarter. ProShare Advisors LLC now owns 15,614 shares of the basic materials company’s stock worth $507,000 after acquiring an additional 55 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Versum Materials by 11.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 81,915 shares of the basic materials company’s stock worth $2,662,000 after acquiring an additional 8,160 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Versum Materials by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,916,485 shares of the basic materials company’s stock worth $289,786,000 after acquiring an additional 119,507 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.
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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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