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

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. “

A number of other equities analysts also recently commented on VSM. Jefferies Group restated a hold rating and set a $38.00 price objective on shares of Versum Materials in a research report on Thursday, October 19th. Loop Capital downgraded shares of Versum Materials from a buy rating to a hold rating and set a $42.00 price target for the company. in a report on Thursday, January 25th. Needham & Company LLC reiterated a buy rating and issued a $45.00 price target (up previously from $41.00) on shares of Versum Materials in a report on Friday, November 10th. ValuEngine downgraded shares of Versum Materials from a buy rating to a hold rating in a report on Friday, December 1st. Finally, KeyCorp reiterated an overweight rating and issued a $4.00 price target (down previously from $41.00) on shares of Versum Materials in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $36.89.

Versum Materials (VSM) opened at $37.10 on Friday. The company has a market cap of $4,084.81, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.62 and a beta of 0.07. The company has a debt-to-equity ratio of 39.72, a quick ratio of 2.88 and a current ratio of 3.84. Versum Materials has a 12-month low of $28.32 and a 12-month high of $42.74.

Versum Materials (NYSE:VSM) last announced its quarterly earnings data on Thursday, November 9th. The basic materials company reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. The company had revenue of $294.50 million during the quarter, compared to the consensus estimate of $281.39 million. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. Versum Materials’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. sell-side analysts expect that Versum Materials will post 2.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. Versum Materials’s dividend payout ratio is presently 11.30%.

In related news, Director Thomas Riordan purchased 2,550 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was acquired at an average price of $38.90 per share, for a total transaction of $99,195.00. Following the acquisition, the director now directly owns 5,511 shares of the company’s stock, valued at approximately $214,377.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Versum Materials by 6.3% in the 2nd quarter. State Street Corp now owns 2,834,415 shares of the basic materials company’s stock valued at $92,125,000 after purchasing an additional 168,498 shares in the last quarter. Vanguard Group Inc. grew its stake in Versum Materials by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,916,485 shares of the basic materials company’s stock valued at $289,786,000 after acquiring an additional 119,507 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Versum Materials by 2.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 352,440 shares of the basic materials company’s stock valued at $11,453,000 after acquiring an additional 8,696 shares during the last quarter. CNH Partners LLC grew its stake in Versum Materials by 0.8% in the 2nd quarter. CNH Partners LLC now owns 933,595 shares of the basic materials company’s stock valued at $30,342,000 after acquiring an additional 7,464 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in Versum Materials by 79.4% in the 2nd quarter. Teachers Advisors LLC now owns 167,409 shares of the basic materials company’s stock valued at $5,441,000 after acquiring an additional 74,088 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

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About Versum Materials

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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