Versum Materials Inc. (VSM) Receives Consensus Rating of “Buy” from Analysts
Shares of Versum Materials Inc. (NYSE:VSM) have been assigned a consensus rating of “Buy” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $36.90.
A number of research analysts have commented on VSM shares. Zacks Investment Research cut shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Loop Capital started coverage on shares of Versum Materials in a research report on Thursday, September 28th. They issued a “buy” rating and a $47.00 target price on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $4.00 target price (down previously from $41.00) on shares of Versum Materials in a research report on Friday, November 10th. Credit Suisse Group upped their target price on shares of Versum Materials from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $38.00 target price on shares of Versum Materials in a research report on Thursday, October 19th.
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Versum Materials (NYSE:VSM) last announced its quarterly earnings data on Thursday, November 9th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.47. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The firm had revenue of $294.50 million during the quarter, compared to analyst estimates of $281.39 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Versum Materials’s quarterly revenue was up 18.6% on a year-over-year basis. research analysts expect that Versum Materials will post 2.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. Versum Materials’s dividend payout ratio is presently 11.30%.
In other Versum Materials news, Director Thomas Riordan purchased 2,550 shares of Versum Materials stock in a transaction dated Thursday, November 16th. The shares were acquired at an average price of $38.90 per share, with a total value of $99,195.00. Following the completion of the transaction, the director now owns 5,511 shares of the company’s stock, valued at $214,377.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of VSM. OppenheimerFunds Inc. acquired a new stake in shares of Versum Materials during the first quarter worth about $254,000. FMR LLC raised its holdings in Versum Materials by 27.7% in the first quarter. FMR LLC now owns 224,634 shares of the basic materials company’s stock valued at $6,874,000 after acquiring an additional 48,724 shares in the last quarter. Teachers Advisors LLC raised its holdings in Versum Materials by 2.4% in the first quarter. Teachers Advisors LLC now owns 93,321 shares of the basic materials company’s stock valued at $2,856,000 after acquiring an additional 2,201 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Versum Materials by 139.5% in the first quarter. Dimensional Fund Advisors LP now owns 464,150 shares of the basic materials company’s stock valued at $14,203,000 after acquiring an additional 270,327 shares in the last quarter. Finally, KCG Holdings Inc. acquired a new stake in Versum Materials in the first quarter valued at approximately $278,000. 90.04% of the stock is currently owned by institutional investors and hedge funds.
About Versum Materials
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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