Versum Materials (NYSE:VSM) Upgraded to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Versum Materials (NYSE:VSM) from a sell rating to a hold rating in a research report sent to investors on Saturday morning, Zacks.com reports.

According to Zacks, “Versum Materials, Inc. is an electronic materials supplier to the semiconductor industry. The company’s primary business segment consists of Materials and Delivery Systems and Services. It provides specialty process gas, cleaners and etchants, slurries, organosilanes and organometallics deposition films and equipment. Versum Materials, Inc. is headquartered in Tempe, Arizona. “

VSM has been the topic of a number of other research reports. Argus lowered shares of Versum Materials from a buy rating to a hold rating in a research report on Monday, March 25th. Loop Capital cut their target price on shares of J B Hunt Transport Services to $133.00 and set a buy rating on the stock in a research report on Tuesday, April 16th. Finally, Stifel Nicolaus restated a buy rating and issued a $400.00 target price on shares of Netflix in a research report on Monday, April 8th. One 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’s stock. The stock has a consensus rating of Hold and a consensus target price of $46.60.

Shares of Versum Materials stock opened at $51.78 on Friday. Versum Materials has a fifty-two week low of $25.02 and a fifty-two week high of $52.58. The company has a debt-to-equity ratio of 3.18, a current ratio of 5.27 and a quick ratio of 4.03. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 22.03 and a beta of 1.67. The company has a 50 day moving average of $51.51.

Versum Materials (NYSE:VSM) last issued its earnings results on Tuesday, May 7th. The basic materials company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. Versum Materials had a net margin of 16.74% and a return on equity of 109.04%. The firm had revenue of $326.20 million for the quarter, compared to analyst estimates of $340.56 million. During the same quarter last year, the business posted $0.59 earnings per share. The company’s quarterly revenue was down 4.3% on a year-over-year basis. Research analysts expect that Versum Materials will post 2.35 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Heritage Wealth Advisors raised its stake in shares of Versum Materials by 20.0% during the first quarter. Heritage Wealth Advisors now owns 1,200 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 200 shares during the last quarter. Advisor Group Inc. increased its stake in Versum Materials by 5.1% in the fourth quarter. Advisor Group Inc. now owns 5,905 shares of the basic materials company’s stock valued at $163,000 after purchasing an additional 288 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Versum Materials by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 29,200 shares of the basic materials company’s stock valued at $1,469,000 after purchasing an additional 300 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Versum Materials by 1.4% in the first quarter. Nisa Investment Advisors LLC now owns 29,139 shares of the basic materials company’s stock valued at $1,466,000 after purchasing an additional 393 shares in the last quarter. Finally, Royal London Asset Management Ltd. bought a new stake in Versum Materials in the first quarter valued at $30,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

About Versum Materials

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).

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