Several other research firms have also commented on VSM. Zacks Investment Research lowered shares of Versum Materials from a buy rating to a hold rating in a research note on Wednesday, November 22nd. Jefferies Group reiterated a neutral rating on shares of Versum Materials in a research note on Tuesday, November 28th. Needham & Company LLC reiterated a buy rating and issued a $45.00 price objective (up previously from $41.00) on shares of Versum Materials in a research note on Friday, November 10th. KeyCorp reiterated an overweight rating and issued a $4.00 price objective (down previously from $41.00) on shares of Versum Materials in a research note on Friday, November 10th. Finally, Loop Capital lowered shares of Versum Materials from a buy rating to a hold rating and set a $42.00 price objective for the company. in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $37.22.
Versum Materials (VSM) traded down $0.59 on Tuesday, hitting $35.05. 64,054 shares of the company were exchanged, compared to its average volume of 511,343. The company has a quick ratio of 2.88, a current ratio of 4.13 and a debt-to-equity ratio of 16.37. Versum Materials has a 12 month low of $28.32 and a 12 month high of $42.74. The firm has a market cap of $3,880.00 and a price-to-earnings ratio of 23.90.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, February 12th. Versum Materials’s dividend payout ratio is currently 13.61%.
In related news, Director Thomas Riordan bought 2,550 shares of Versum Materials stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $38.90 per share, with a total value of $99,195.00. Following the transaction, the director now directly owns 5,511 shares of the company’s stock, valued at $214,377.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. McQueen Ball & Associates Inc. bought a new position in shares of Versum Materials during the 3rd quarter valued at approximately $228,000. Cubist Systematic Strategies LLC bought a new position in shares of Versum Materials during the 2nd quarter valued at approximately $219,000. Balyasny Asset Management LLC bought a new position in Versum Materials in the 2nd quarter worth approximately $221,000. Shelton Capital Management bought a new position in Versum Materials in the 2nd quarter worth approximately $278,000. Finally, Tudor Investment Corp ET AL bought a new position in Versum Materials in the 2nd quarter worth approximately $390,000. 90.72% of the stock is owned by hedge funds and other institutional investors.
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Versum Materials Company Profile
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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