Versum Materials (VSM) Upgraded to Buy by Stifel Nicolaus

Stifel Nicolaus upgraded shares of Versum Materials (NYSE:VSM) from a hold rating to a buy rating in a research note released on Tuesday, Marketbeat Ratings reports. They currently have $46.00 price target on the basic materials company’s stock, up from their previous price target of $43.00.

A number of other brokerages have also recently issued reports on VSM. Zacks Investment Research cut shares of Versum Materials from a hold rating to a sell rating in a report on Friday, February 2nd. Credit Suisse Group boosted their price objective on shares of Versum Materials from $40.00 to $46.00 and gave the company an outperform rating in a report on Friday, November 10th. ValuEngine cut shares of Versum Materials from a buy rating to a hold rating in a report on Friday, December 1st. Jefferies Group restated a neutral rating on shares of Versum Materials in a report on Tuesday, November 28th. Finally, Needham & Company LLC restated a buy rating and set a $45.00 price objective (up previously from $41.00) on shares of Versum Materials in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $37.22.

Shares of Versum Materials (VSM) opened at $34.40 on Tuesday. Versum Materials has a 1 year low of $28.32 and a 1 year high of $42.74. The company has a debt-to-equity ratio of 16.37, a quick ratio of 2.88 and a current ratio of 4.13. The company has a market cap of $3,880.00 and a P/E ratio of 23.40.

Versum Materials (NYSE:VSM) last issued its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Versum Materials had a net margin of 13.55% and a return on equity of 6,666.66%. The company had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $295.68 million. During the same quarter in the previous year, the company earned $0.49 EPS. Versum Materials’s revenue was up 22.2% on a year-over-year basis. research analysts expect that Versum Materials will post 2.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Monday, February 12th. Versum Materials’s dividend payout ratio is currently 13.61%.

In related news, Director Thomas Riordan purchased 2,550 shares of Versum Materials stock in a transaction dated Thursday, November 16th. The stock was bought at an average price of $38.90 per share, for a total transaction of $99,195.00. Following the completion of the acquisition, the director now directly owns 5,511 shares of the company’s stock, valued at $214,377.90. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. McQueen Ball & Associates Inc. acquired a new position in shares of Versum Materials in the third quarter valued at approximately $228,000. California State Teachers Retirement System boosted its holdings in shares of Versum Materials by 2.2% in the second quarter. California State Teachers Retirement System now owns 199,672 shares of the basic materials company’s stock valued at $6,489,000 after buying an additional 4,340 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Versum Materials by 10.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,393 shares of the basic materials company’s stock valued at $598,000 after buying an additional 1,731 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Versum Materials by 9.8% in the second quarter. The Manufacturers Life Insurance Company now owns 592,701 shares of the basic materials company’s stock valued at $19,263,000 after buying an additional 53,052 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Versum Materials by 34.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 402,776 shares of the basic materials company’s stock valued at $13,090,000 after buying an additional 104,000 shares during the period. Institutional investors own 90.72% of the company’s stock.

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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.

Analyst Recommendations for Versum Materials (NYSE:VSM)

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