Versum Materials (VSM) Upgraded to Buy at Argus

Argus upgraded shares of Versum Materials (NYSE:VSM) from a hold rating to a buy rating in a research report report published on Monday morning, Marketbeat reports.

VSM has been the subject of a number of other reports. Credit Suisse Group upped their price target on Versum Materials from $45.00 to $46.00 and gave the company an outperform rating in a research report on Wednesday, May 9th. Zacks Investment Research lowered Versum Materials from a hold rating to a sell rating in a research report on Friday, February 2nd. Stifel Nicolaus upgraded Versum Materials from a hold rating to a buy rating and upped their price target for the company from $43.00 to $46.00 in a research report on Tuesday, February 6th. TheStreet upgraded Versum Materials from a d+ rating to a c- rating in a research report on Tuesday, February 6th. Finally, Jefferies Group upgraded Versum Materials from a hold rating to a buy rating and set a $50.00 price target for the company in a research report on Monday, March 26th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $39.38.

VSM stock opened at $39.43 on Monday. The company has a quick ratio of 3.78, a current ratio of 5.09 and a debt-to-equity ratio of 7.69. The company 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. Versum Materials has a 1 year low of $39.02 and a 1 year high of $39.50.

Versum Materials (NYSE:VSM) last posted its quarterly earnings results on Tuesday, May 8th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $340.70 million during the quarter, compared to analyst estimates of $312.84 million. Versum Materials had a return on equity of 459.92% and a net margin of 14.12%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. equities research analysts predict that Versum Materials will post 2.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Investors of record on Tuesday, May 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.61%. This is a positive change from Versum Materials’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, May 14th. Versum Materials’s dividend payout ratio is presently 12.57%.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in Versum Materials by 3.0% in the first quarter. BlackRock Inc. now owns 9,889,147 shares of the basic materials company’s stock worth $372,128,000 after acquiring an additional 290,001 shares during the period. Iridian Asset Management LLC CT grew its position in Versum Materials by 1.6% in the first quarter. Iridian Asset Management LLC CT now owns 5,661,154 shares of the basic materials company’s stock worth $213,029,000 after acquiring an additional 87,328 shares during the period. Franklin Resources Inc. grew its position in Versum Materials by 0.7% in the first quarter. Franklin Resources Inc. now owns 3,937,509 shares of the basic materials company’s stock worth $148,169,000 after acquiring an additional 28,223 shares during the period. Boston Partners grew its position in Versum Materials by 87.4% in the first quarter. Boston Partners now owns 3,726,695 shares of the basic materials company’s stock worth $140,235,000 after acquiring an additional 1,737,773 shares during the period. Finally, Victory Capital Management Inc. grew its position in Versum Materials by 14.2% in the first quarter. Victory Capital Management Inc. now owns 781,004 shares of the basic materials company’s stock worth $29,389,000 after acquiring an additional 97,365 shares during the period. Institutional investors own 93.05% of the company’s stock.

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.

Analyst Recommendations for Versum Materials (NYSE:VSM)

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