Zacks Investment Research Lowers Versum Materials (VSM) to Sell

Zacks Investment Research cut shares of Versum Materials (NYSE:VSM) from a hold rating to a sell rating in a research note published on Thursday, Zacks.com reports.

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 equities research analysts also recently issued reports on the stock. Loop Capital upgraded shares of Versum Materials from a hold rating to a buy rating and set a $57.00 price objective on the stock in a research note on Tuesday, January 29th. Jefferies Financial Group downgraded shares of Versum Materials from a buy rating to a hold rating and raised their price objective for the stock from $44.00 to $47.00 in a research note on Monday, March 4th. Argus downgraded shares of Versum Materials from a buy rating to a hold rating in a research note on Monday, March 25th. KeyCorp raised their price objective on shares of Versum Materials from $44.00 to $55.00 and gave the stock an overweight rating in a research note on Thursday, February 28th. Finally, Goldman Sachs Group upgraded shares of Versum Materials from a sell rating to a neutral rating and raised their price objective for the stock from $26.00 to $31.00 in a research note on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $46.60.

Shares of Versum Materials stock opened at $51.30 on Thursday. The firm has a market capitalization of $5.60 billion, a PE ratio of 21.83 and a beta of 2.06. The company has a debt-to-equity ratio of 3.18, a quick ratio of 4.03 and a current ratio of 5.27. Versum Materials has a 1 year low of $25.02 and a 1 year high of $52.58.

Versum Materials (NYSE:VSM) last announced its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. The business had revenue of $326.20 million for the quarter, compared to the consensus estimate of $340.56 million. Versum Materials had a net margin of 16.74% and a return on equity of 109.04%. Versum Materials’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. On average, sell-side analysts anticipate that Versum Materials will post 2.35 earnings per share for the current year.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Prudential Financial Inc. boosted its stake in Versum Materials by 52.1% during the fourth quarter. Prudential Financial Inc. now owns 1,346,843 shares of the basic materials company’s stock worth $37,335,000 after buying an additional 461,489 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Versum Materials during the fourth quarter worth $3,565,000. JPMorgan Chase & Co. boosted its stake in Versum Materials by 34.4% during the third 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 in the last quarter. Raymond James & Associates boosted its stake in Versum Materials by 5.2% during the fourth quarter. Raymond James & Associates now owns 314,987 shares of the basic materials company’s stock worth $8,731,000 after buying an additional 15,634 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its stake in Versum Materials by 2,818.4% during the fourth quarter. Gotham Asset Management LLC now owns 176,564 shares of the basic materials company’s stock worth $4,894,000 after buying an additional 170,514 shares in the last quarter. Hedge funds and other institutional investors own 83.31% of the company’s stock.

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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