Versum Materials Target of Unusually High Options Trading (VSM)

Versum Materials Inc (NYSE:VSM) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 1,602 call options on the stock. This is an increase of 1,807% compared to the average volume of 84 call options.

Shares of VSM opened at $52.08 on Thursday. Versum Materials has a 52-week low of $25.02 and a 52-week high of $52.58. The company has a current ratio of 4.82, a quick ratio of 3.74 and a debt-to-equity ratio of 3.65. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 22.16 and a beta of 2.06.

Versum Materials (NYSE:VSM) last issued its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. Versum Materials had a return on equity of 135.80% and a net margin of 17.37%. The firm had revenue of $326.20 million for the quarter, compared to analyst estimates of $340.56 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The company’s revenue was down 4.3% compared to the same quarter last year. Equities analysts predict that Versum Materials will post 2.37 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, May 13th. Versum Materials’s payout ratio is 13.62%.

Several equities analysts have issued reports on the company. Loop Capital lowered Versum Materials from a “buy” rating to a “hold” rating and dropped their price target for the company from $56.00 to $53.00 in a research note on Tuesday, April 16th. Zacks Investment Research raised Versum Materials from a “sell” rating to a “hold” rating in a research note on Friday, April 12th. Stifel Nicolaus lowered Versum Materials from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Argus lowered Versum Materials from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. Finally, Jefferies Financial Group lowered Versum Materials from a “buy” rating to a “hold” rating and boosted their price target for the company from $44.00 to $47.00 in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $46.00.

Several large investors have recently modified their holdings of VSM. JPMorgan Chase & Co. raised its position in shares of Versum Materials by 34.4% during 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 period. Morgan Stanley raised its position in shares of Versum Materials by 12.0% during the third quarter. Morgan Stanley now owns 340,115 shares of the basic materials company’s stock worth $12,249,000 after purchasing an additional 36,329 shares during the period. Vanguard Group Inc. raised its position in shares of Versum Materials by 3.9% during 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 period. Vanguard Group Inc raised its position in shares of Versum Materials by 3.9% during 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 period. Finally, Retirement Systems of Alabama raised its position in shares of Versum Materials by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 141,368 shares of the basic materials company’s stock worth $3,919,000 after purchasing an additional 572 shares during the period. 91.75% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Versum Materials Target of Unusually High Options Trading (VSM)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2019/05/09/versum-materials-target-of-unusually-high-options-trading-vsm.html.

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. The company operates through two segments, Materials, and Delivery Systems and Services (DS&S).

Featured Story: Stock Selection – What is cash flow?

Receive News & Ratings for Versum Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Versum Materials and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply