Versum Materials (VSM) Downgraded to “Hold” at Loop Capital

Loop Capital downgraded shares of Versum Materials (NYSE:VSM) from a buy rating to a hold rating in a research note issued to investors on Tuesday, April 16th, BenzingaRatingsTable reports. They currently have $53.00 price objective on the basic materials company’s stock, down from their prior price objective of $56.00.

Several other analysts have also recently commented on VSM. Zacks Investment Research upgraded shares of Versum Materials from a sell rating to a hold rating in a research report on Friday, April 12th. Stifel Nicolaus cut shares of Versum Materials from a buy rating to a hold rating in a research report on Monday, April 8th. Seaport Global Securities cut shares of Versum Materials from a buy rating to a neutral rating in a research report on Thursday, February 28th. Credit Suisse Group cut shares of Versum Materials from an outperform rating to a neutral rating in a research report on Thursday, February 28th. Finally, Goldman Sachs Group upgraded shares of Versum Materials from a sell rating to a neutral rating and upped their price objective for the company from $26.00 to $31.00 in a research report on Thursday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $46.00.

NYSE:VSM traded down $0.18 during trading hours on Tuesday, hitting $51.90. 1,718,279 shares of the stock were exchanged, compared to its average volume of 1,794,320. Versum Materials has a twelve month low of $25.02 and a twelve month high of $52.58. The company has a debt-to-equity ratio of 3.18, a quick ratio of 3.74 and a current ratio of 5.27. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 22.09 and a beta of 2.06.

Versum Materials (NYSE:VSM) last issued its earnings results on Tuesday, May 7th. The basic materials company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $326.20 million during the quarter, compared to analysts’ expectations of $340.56 million. Versum Materials had a net margin of 16.74% and a return on equity of 109.04%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. On average, equities analysts predict that Versum Materials will post 2.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Monday, May 13th. Versum Materials’s dividend payout ratio (DPR) is presently 13.62%.

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of Versum Materials by 34.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 113,798 shares of the basic materials company’s stock worth $4,098,000 after buying an additional 29,096 shares during the last quarter. FMR LLC boosted its stake in shares of Versum Materials by 2.1% during the 3rd quarter. FMR LLC now owns 546,674 shares of the basic materials company’s stock worth $19,686,000 after buying an additional 11,097 shares during the last quarter. Credit Suisse AG boosted its stake in shares of Versum Materials by 3.4% during the 3rd quarter. Credit Suisse AG now owns 88,240 shares of the basic materials company’s stock worth $3,177,000 after buying an additional 2,942 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Versum Materials by 11.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,217,083 shares of the basic materials company’s stock worth $43,827,000 after buying an additional 123,744 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of Versum Materials by 19.0% during the 3rd quarter. Riverhead Capital Management LLC now owns 11,272 shares of the basic materials company’s stock worth $406,000 after buying an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 91.75% of the company’s stock.

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. The company operates through two segments, Materials, and Delivery Systems and Services (DS&S).

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