Zacks Investment Research lowered shares of Versum Materials (NYSE:VSM) from a hold rating to a sell rating in a report published on Thursday.

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 research analysts also recently commented on VSM. Loop Capital set a $42.00 price target on shares of Versum Materials and gave the company a hold rating in a report on Friday, November 23rd. Goldman Sachs Group downgraded shares of Versum Materials from a neutral rating to a sell rating and lowered their price target for the company from $31.00 to $26.00 in a report on Tuesday, December 11th. KeyCorp increased their price target on shares of Versum Materials from $44.00 to $55.00 and gave the company an overweight rating in a report on Thursday, February 28th. Credit Suisse Group downgraded shares of Versum Materials from an outperform rating to a neutral rating in a report on Thursday, February 28th. Finally, Seaport Global Securities downgraded shares of Versum Materials from a buy rating to a neutral rating in a report on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $46.67.

Shares of NYSE:VSM opened at $49.76 on Thursday. The company has a quick ratio of 3.74, a current ratio of 4.82 and a debt-to-equity ratio of 3.65. Versum Materials has a 12 month low of $25.02 and a 12 month high of $50.24. The stock has a market capitalization of $5.37 billion, a P/E ratio of 21.17 and a beta of 2.12.

Versum Materials (NYSE:VSM) last announced its quarterly earnings results on Monday, February 4th. The basic materials company reported $0.55 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.55. Versum Materials had a net margin of 17.37% and a return on equity of 135.80%. The firm had revenue of $339.50 million during the quarter, compared to the consensus estimate of $339.69 million. During the same quarter last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts forecast that Versum Materials will post 2.37 earnings per share for the current year.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. lifted its stake in Versum Materials by 52.1% in the fourth quarter. Prudential Financial Inc. now owns 1,346,843 shares of the basic materials company’s stock worth $37,335,000 after purchasing an additional 461,489 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Versum Materials by 34.4% in the third quarter. JPMorgan Chase & Co. now owns 113,798 shares of the basic materials company’s stock worth $4,098,000 after purchasing an additional 29,096 shares during the last quarter. BlueMountain Capital Management LLC lifted its stake in Versum Materials by 14.3% in the third quarter. BlueMountain Capital Management LLC now owns 23,111 shares of the basic materials company’s stock worth $832,000 after purchasing an additional 2,900 shares during the last quarter. Comerica Bank lifted its stake in Versum Materials by 1.1% in the fourth quarter. Comerica Bank now owns 98,417 shares of the basic materials company’s stock worth $3,664,000 after purchasing an additional 1,106 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Versum Materials by 3.9% in the third quarter. Vanguard Group Inc. now owns 10,282,274 shares of the basic materials company’s stock worth $370,264,000 after purchasing an additional 385,271 shares during the last quarter. 91.59% 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. The company operates through two segments, Materials, and Delivery Systems and Services (DS&S).

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