Versum Materials (VSM) Downgraded to “Sell” at Zacks Investment Research

Versum Materials (NYSE:VSM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday, 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. “

Several other equities research analysts have also recently weighed in on VSM. Stifel Nicolaus cut Versum Materials from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Loop Capital upgraded Versum Materials from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Seaport Global Securities cut Versum Materials from a “buy” rating to a “neutral” rating in a research note on Thursday, February 28th. Credit Suisse Group cut Versum Materials from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 28th. Finally, Goldman Sachs Group upgraded Versum Materials from a “sell” rating to a “neutral” rating and upped their target price for the stock from $26.00 to $31.00 in a research note on Thursday, January 31st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Versum Materials currently has an average rating of “Hold” and an average target price of $46.60.

NYSE:VSM traded down $0.06 during trading hours on Thursday, reaching $51.61. 29,940 shares of the company were exchanged, compared to its average volume of 1,961,917. The company has a debt-to-equity ratio of 3.18, a current ratio of 5.27 and a quick ratio of 4.03. Versum Materials has a 1-year low of $25.02 and a 1-year high of $52.58. The company has a market capitalization of $5.64 billion, a P/E ratio of 21.96 and a beta of 2.06.

Versum Materials (NYSE:VSM) last released its earnings results on Tuesday, May 7th. The basic materials company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. Versum Materials had a return on equity of 109.04% and a net margin of 16.74%. The firm had revenue of $326.20 million during the quarter, compared to analysts’ expectations of $340.56 million. During the same period in the prior year, the company earned $0.59 earnings per share. The company’s quarterly revenue was down 4.3% on a year-over-year basis. On average, sell-side analysts anticipate that Versum Materials will post 2.35 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlueMountain Capital Management LLC lifted its holdings in Versum Materials by 988.1% during the 1st quarter. BlueMountain Capital Management LLC now owns 30,000 shares of the basic materials company’s stock valued at $1,509,000 after buying an additional 27,243 shares in the last quarter. RMB Capital Management LLC bought a new stake in Versum Materials during the 1st quarter valued at about $2,793,000. Pentwater Capital Management LP bought a new stake in Versum Materials during the 1st quarter valued at about $32,702,000. PointState Capital LP bought a new stake in Versum Materials during the 1st quarter valued at about $3,200,000. Finally, Man Group plc lifted its holdings in Versum Materials by 122.4% during the 1st quarter. Man Group plc now owns 330,774 shares of the basic materials company’s stock valued at $16,641,000 after buying an additional 182,030 shares in the last quarter. Hedge funds and other institutional investors own 83.31% of the company’s stock.

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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