Versum Materials Inc (NYSE:VSM) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 2,002,883 shares, an increase of 39.4% from the February 15th total of 1,436,869 shares. Based on an average daily volume of 3,786,048 shares, the short-interest ratio is presently 0.5 days. Currently, 1.8% of the shares of the company are sold short.
Shares of NYSE:VSM opened at $50.05 on Tuesday. Versum Materials has a 1 year low of $25.02 and a 1 year high of $50.24. The company has a market cap of $5.43 billion, a PE ratio of 21.30 and a beta of 2.12. The company has a debt-to-equity ratio of 3.65, a quick ratio of 3.74 and a current ratio of 4.82.
Versum Materials (NYSE:VSM) last announced its earnings results on Monday, February 4th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. Versum Materials had a return on equity of 135.80% and a net margin of 17.37%. The firm had revenue of $339.50 million for the quarter, compared to analyst estimates of $339.69 million. During the same quarter last year, the firm posted $0.54 EPS. The business’s revenue was up 2.6% on a year-over-year basis. Sell-side analysts expect that Versum Materials will post 2.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 26th. Stockholders of record on Tuesday, February 12th were given a dividend of $0.08 per share. The ex-dividend date was Monday, February 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.64%. Versum Materials’s dividend payout ratio (DPR) is 13.62%.
Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Versum Materials by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 1,044,328 shares of the basic materials company’s stock valued at $28,948,000 after buying an additional 70,208 shares in the last quarter. Norges Bank purchased a new position in shares of Versum Materials during the 4th quarter valued at approximately $29,949,000. Dimensional Fund Advisors LP lifted its position in shares of Versum Materials by 20.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,469,824 shares of the basic materials company’s stock valued at $40,742,000 after buying an additional 252,741 shares in the last quarter. FMR LLC lifted its position in shares of Versum Materials by 61.5% during the 4th quarter. FMR LLC now owns 882,780 shares of the basic materials company’s stock valued at $24,470,000 after buying an additional 336,106 shares in the last quarter. Finally, Valley National Advisers Inc. purchased a new position in shares of Versum Materials during the 4th quarter valued at approximately $72,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.
Several research firms have commented on VSM. Jefferies Financial Group lowered Versum Materials from a “buy” rating to a “hold” rating and upped their price objective for the stock from $44.00 to $47.00 in a research report on Monday, March 4th. KeyCorp upped their price objective on Versum Materials from $44.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, February 28th. Loop Capital set a $42.00 price objective on Versum Materials and gave the stock a “hold” rating in a research report on Friday, November 23rd. Zacks Investment Research lowered Versum Materials from a “hold” rating to a “sell” rating in a research report on Saturday, January 12th. Finally, Goldman Sachs Group upgraded Versum Materials from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $26.00 to $31.00 in a research report on Thursday, January 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $46.67.
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Versum Materials Company 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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