Zacks Investment Research Reaffirms “Sell” Rating for Versum Materials (VSM)
Zacks Investment Research reaffirmed their sell rating on shares of Versum Materials (NYSE:VSM) in a research report report published on Saturday. Zacks Investment Research currently has a $39.00 price objective on the basic materials company’s stock.
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 research analysts have also weighed in on VSM. Jefferies Group reissued a hold rating and issued a $38.00 price objective on shares of Versum Materials in a research report on Thursday, October 19th. KeyCorp reissued an overweight rating and issued a $4.00 price objective (down from $41.00) on shares of Versum Materials in a research report on Friday, November 10th. Needham & Company LLC reissued a buy rating and issued a $45.00 price objective (up from $41.00) on shares of Versum Materials in a research report on Friday, November 10th. Credit Suisse Group lifted their price objective on Versum Materials from $40.00 to $46.00 and gave the stock an outperform rating in a research report on Friday, November 10th. Finally, ValuEngine lowered Versum Materials from a buy rating to a hold rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Versum Materials presently has a consensus rating of Hold and a consensus price target of $37.25.
Versum Materials (NYSE:VSM) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Versum Materials had a return on equity of 6,666.66% and a net margin of 13.55%. The firm had revenue of $330.80 million during the quarter, compared to analyst estimates of $295.68 million. During the same period last year, the company posted $0.49 EPS. The business’s quarterly revenue was up 22.2% on a year-over-year basis. research analysts predict that Versum Materials will post 2.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Monday, February 12th. Versum Materials’s payout ratio is 13.61%.
In other news, Director Susan C. Schnabel bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $34.64 per share, with a total value of $86,600.00. Following the transaction, the director now directly owns 14,335 shares of the company’s stock, valued at approximately $496,564.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas Riordan bought 2,550 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average cost of $38.90 per share, with a total value of $99,195.00. Following the completion of the transaction, the director now directly owns 5,511 shares in the company, valued at $214,377.90. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new stake in Versum Materials in the 2nd quarter valued at about $219,000. Balyasny Asset Management LLC bought a new stake in Versum Materials in the 2nd quarter valued at about $221,000. McQueen Ball & Associates Inc. bought a new stake in Versum Materials in the 3rd quarter valued at about $228,000. Shelton Capital Management bought a new stake in Versum Materials in the 2nd quarter valued at about $278,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in Versum Materials by 10.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,393 shares of the basic materials company’s stock valued at $598,000 after buying an additional 1,731 shares in the last quarter. 90.72% of the stock is owned by institutional investors and hedge funds.
Versum Materials Company Profile
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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