Argus upgraded shares of Versum Materials (NYSE:VSM) from a hold rating to a buy rating in a report released on Monday morning, Marketbeat.com reports.
A number of other equities analysts have also recently weighed in on VSM. Zacks Investment Research raised Versum Materials from a hold rating to a buy rating and set a $43.00 price target for the company in a report on Friday, May 11th. Credit Suisse Group upped their price target on Versum Materials from $45.00 to $46.00 and gave the stock an outperform rating in a report on Wednesday, May 9th. Stifel Nicolaus raised Versum Materials from a hold rating to a buy rating and upped their price target for the stock from $43.00 to $46.00 in a report on Tuesday, February 6th. TheStreet raised Versum Materials from a d+ rating to a c- rating in a report on Tuesday, February 6th. Finally, Loop Capital cut 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $39.38.
Shares of Versum Materials opened at $39.43 on Monday, Marketbeat.com reports. The stock has a market capitalization of $4.23 billion, a PE ratio of 20.64, a P/E/G ratio of 1.27 and a beta of 0.33. The company has a quick ratio of 3.78, a current ratio of 5.09 and a debt-to-equity ratio of 7.69. Versum Materials has a 52-week low of $39.02 and a 52-week high of $39.50.
Versum Materials (NYSE:VSM) last released its quarterly earnings results on Tuesday, May 8th. The basic materials company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The company had revenue of $340.70 million during the quarter, compared to analysts’ expectations of $312.84 million. Versum Materials had a return on equity of 459.92% and a net margin of 14.12%. Versum Materials’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. equities research analysts expect that Versum Materials will post 2.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Tuesday, May 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.61%. This is a boost from Versum Materials’s previous quarterly dividend of $0.05. Versum Materials’s dividend payout ratio is presently 12.57%.
Several institutional investors have recently made changes to their positions in VSM. Group One Trading L.P. acquired a new position in shares of Versum Materials during the first quarter valued at approximately $115,000. Envestnet Asset Management Inc. raised its holdings in shares of Versum Materials by 72.1% during the first quarter. Envestnet Asset Management Inc. now owns 4,596 shares of the basic materials company’s stock valued at $165,000 after acquiring an additional 1,925 shares during the last quarter. TLP Group LLC raised its holdings in shares of Versum Materials by 15,817.1% during the first quarter. TLP Group LLC now owns 5,571 shares of the basic materials company’s stock valued at $210,000 after acquiring an additional 5,536 shares during the last quarter. Silvant Capital Management LLC acquired a new position in shares of Versum Materials during the first quarter valued at approximately $384,000. Finally, Alps Advisors Inc. raised its holdings in shares of Versum Materials by 97.5% during the first quarter. Alps Advisors Inc. now owns 12,202 shares of the basic materials company’s stock valued at $459,000 after acquiring an additional 6,024 shares during the last quarter. 93.05% of the stock is owned by institutional investors and hedge funds.
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. 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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