Zacks Investment Research Downgrades Versum Materials (VSM) to Hold

Versum Materials (NYSE:VSM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

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. “

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Several other research analysts have also recently commented on VSM. Loop Capital cut Versum Materials from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a research note on Thursday, January 25th. Stifel Nicolaus raised Versum Materials from a “hold” rating to a “buy” rating and boosted their target price for the stock from $43.00 to $46.00 in a research note on Tuesday, February 6th. Credit Suisse Group lowered their target price on Versum Materials from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. TheStreet raised Versum Materials from a “d+” rating to a “c-” rating in a research report on Tuesday, February 6th. Finally, Jefferies Group raised Versum Materials from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Monday, March 26th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.75.



VSM opened at $37.56 on Friday. Versum Materials has a 12 month low of $28.70 and a 12 month high of $42.74. The firm has a market cap of $4,105.75, a P/E ratio of 19.66, a P/E/G ratio of 1.29 and a beta of 0.24. The company has a quick ratio of 3.08, a current ratio of 4.13 and a debt-to-equity ratio of 16.37.

Versum Materials (NYSE:VSM) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Versum Materials had a return on equity of 6,666.66% and a net margin of 13.55%. The firm had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $295.68 million. During the same period in the previous year, the firm posted $0.49 EPS. Versum Materials’s revenue for the quarter was up 22.2% on a year-over-year basis. research analysts forecast that Versum Materials will post 2.24 EPS for the current fiscal year.

In other Versum Materials news, Director Susan C. Schnabel acquired 2,500 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $34.64 per share, with a total value of $86,600.00. Following the transaction, the director now owns 14,335 shares in the company, valued at approximately $496,564.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

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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. 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.

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