Versum Materials Inc (NYSE:VSM) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $50.06 and last traded at $50.00, with a volume of 99746 shares. The stock had previously closed at $49.40.

Several brokerages recently issued reports on VSM. Zacks Investment Research cut shares of Versum Materials from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. Goldman Sachs Group raised shares of Versum Materials from a “sell” rating to a “neutral” rating and raised their target price for the stock from $26.00 to $31.00 in a report on Thursday, January 31st. KeyCorp raised their target price on shares of Versum Materials from $44.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. Loop Capital set a $42.00 target price on shares of Versum Materials and gave the stock a “hold” rating in a report on Friday, November 23rd. Finally, Credit Suisse Group cut shares of Versum Materials from an “outperform” rating to a “neutral” rating in a report on Thursday, February 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $46.67.

The company has a current ratio of 4.82, a quick ratio of 3.74 and a debt-to-equity ratio of 3.65. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 21.17 and a beta of 2.12.

Versum Materials (NYSE:VSM) last released its quarterly earnings data on Monday, February 4th. The basic materials company reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. Versum Materials had a net margin of 17.37% and a return on equity of 135.80%. The company had revenue of $339.50 million during the quarter, compared to analysts’ expectations of $339.69 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts predict that Versum Materials Inc will post 2.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 12th were issued a $0.08 dividend. The ex-dividend date was Monday, February 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.64%. Versum Materials’s payout ratio is 13.62%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its stake in Versum Materials by 68.6% during the 3rd quarter. SG Americas Securities LLC now owns 68,953 shares of the basic materials company’s stock valued at $2,483,000 after buying an additional 28,045 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Versum Materials by 34.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 113,798 shares of the basic materials company’s stock valued at $4,098,000 after buying an additional 29,096 shares during the last quarter. Piedmont Investment Advisors Inc. purchased a new stake in Versum Materials during the 3rd quarter valued at $283,000. American International Group Inc. raised its stake in Versum Materials by 1.0% during the 3rd quarter. American International Group Inc. now owns 222,124 shares of the basic materials company’s stock valued at $7,999,000 after buying an additional 2,262 shares during the last quarter. Finally, FMR LLC raised its stake in Versum Materials by 2.1% during the 3rd quarter. FMR LLC now owns 546,674 shares of the basic materials company’s stock valued at $19,686,000 after buying an additional 11,097 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

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Versum Materials Company Profile (NYSE:VSM)

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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