Versum Materials (NYSE:VSM) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
Several other equities analysts have also recently commented on the company. KeyCorp upped their price target on Versum Materials from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, September 7th. Credit Suisse Group upped their price target on Versum Materials from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research cut Versum Materials from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $46.14.
Versum Materials stock opened at $31.39 on Thursday. The company has a quick ratio of 3.39, a current ratio of 4.43 and a debt-to-equity ratio of 6.20. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.19 and a beta of 0.63. Versum Materials has a 12 month low of $31.01 and a 12 month high of $42.74.
Versum Materials (NYSE:VSM) last posted its quarterly earnings results on Tuesday, August 7th. The basic materials company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $350.00 million during the quarter, compared to analysts’ expectations of $344.20 million. Versum Materials had a return on equity of 264.89% and a net margin of 14.29%. As a group, analysts expect that Versum Materials will post 2.33 earnings per share for the current fiscal year.
In related news, Director Susan C. Schnabel bought 2,500 shares of the company’s stock in a transaction dated Monday, August 13th. The stock was acquired at an average cost of $37.49 per share, with a total value of $93,725.00. Following the acquisition, the director now owns 16,859 shares in the company, valued at approximately $632,043.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.55% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Associated Banc Corp raised its holdings in shares of Versum Materials by 18.1% in the 2nd quarter. Associated Banc Corp now owns 9,218 shares of the basic materials company’s stock worth $343,000 after buying an additional 1,414 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Versum Materials by 2.3% in the 2nd quarter. Aperio Group LLC now owns 66,451 shares of the basic materials company’s stock worth $2,469,000 after buying an additional 1,516 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Versum Materials by 4.1% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 42,467 shares of the basic materials company’s stock worth $1,578,000 after buying an additional 1,692 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Versum Materials by 2.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 64,432 shares of the basic materials company’s stock worth $2,426,000 after buying an additional 1,700 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Versum Materials by 72.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,596 shares of the basic materials company’s stock worth $165,000 after buying an additional 1,925 shares in the last quarter. 91.90% of the stock is owned by institutional investors and hedge funds.
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. It operates in two segments, Materials, and Delivery Systems and Services (DS&S). The Materials segment provides specialty chemicals and materials used in semiconductors, as well as specialty gases used in the semiconductor manufacturing process, including high purity process materials for deposition, metallization, and chamber cleaning and etching; chemicals mechanical planarization slurries; organosilanes; organometallics and liquid dopants for thin film deposition; and formulated chemical products for post-etch cleaning primarily for the manufacture of silicon and compound semiconductors, and thin film transistor liquid crystal displays.
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