Versum Materials Inc (NYSE:VSM) has been assigned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $46.67.
VSM has been the subject of a number of research reports. ValuEngine cut shares of Versum Materials from a “hold” rating to a “sell” rating in a research report on Thursday. KeyCorp lifted their target price on shares of Versum Materials from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, September 7th. Credit Suisse Group lifted their target price on shares of Versum Materials from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Finally, Zacks Investment Research cut shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th.
In other news, Director Susan C. Schnabel purchased 2,500 shares of the stock in a transaction dated Monday, August 13th. The stock was acquired at an average cost of $37.49 per share, for a total transaction of $93,725.00. Following the completion of the acquisition, the director now directly owns 16,859 shares in the company, valued at approximately $632,043.91. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.55% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of VSM. Associated Banc Corp lifted its position in shares of Versum Materials by 18.1% during the second quarter. Associated Banc Corp now owns 9,218 shares of the basic materials company’s stock worth $343,000 after purchasing an additional 1,414 shares in the last quarter. Aperio Group LLC lifted its position in shares of Versum Materials by 2.3% during the second quarter. Aperio Group LLC now owns 66,451 shares of the basic materials company’s stock worth $2,469,000 after purchasing an additional 1,516 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Versum Materials by 4.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 42,467 shares of the basic materials company’s stock worth $1,578,000 after purchasing an additional 1,692 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Versum Materials by 2.7% during the first quarter. Great West Life Assurance Co. Can now owns 64,432 shares of the basic materials company’s stock worth $2,426,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Versum Materials by 72.1% during the first quarter. Envestnet Asset Management Inc. now owns 4,596 shares of the basic materials company’s stock worth $165,000 after purchasing an additional 1,925 shares in the last quarter. Institutional investors and hedge funds own 91.90% of the company’s stock.
Shares of NYSE VSM traded down $0.23 during midday trading on Wednesday, hitting $31.39. The company had a trading volume of 859,421 shares, compared to its average volume of 492,365. The company has a quick ratio of 3.39, a current ratio of 4.43 and a debt-to-equity ratio of 6.20. Versum Materials has a twelve month low of $31.01 and a twelve month high of $42.74. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.19 and a beta of 0.63.
Versum Materials (NYSE:VSM) last announced its earnings results on Tuesday, August 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $350.00 million during the quarter, compared to analysts’ expectations of $344.20 million. Versum Materials had a net margin of 14.29% and a return on equity of 264.89%. Equities research analysts expect that Versum Materials will post 2.33 EPS for the current fiscal year.
About Versum Materials
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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