Versum Materials Inc (NYSE:VSM) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $50.06 and last traded at $50.00, with a volume of 99746 shares. The stock had previously closed at $49.40.

Several equities research analysts recently issued reports on VSM shares. Loop Capital raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Tuesday, January 29th. Jefferies Financial Group cut shares of Versum Materials from a “buy” rating to a “hold” rating and raised their target price for the stock from $44.00 to $47.00 in a research report on Monday, March 4th. Goldman Sachs Group cut shares of Versum Materials from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $31.00 to $26.00 in a research report on Tuesday, December 11th. Zacks Investment Research cut shares of Versum Materials from a “hold” rating to a “sell” rating in a research report on Saturday, January 26th. Finally, Credit Suisse Group cut shares of Versum Materials from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $46.67.

The company has a current ratio of 4.82, a quick ratio of 3.74 and a debt-to-equity ratio of 3.65. The firm has a market cap of $5.37 billion, a P/E ratio of 21.17 and a beta of 2.12.

Versum Materials (NYSE:VSM) last posted its quarterly earnings results on Monday, February 4th. The basic materials company reported $0.55 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. Versum Materials had a net margin of 17.37% and a return on equity of 135.80%. The firm had revenue of $339.50 million for the quarter, compared to analyst estimates of $339.69 million. During the same quarter last year, the firm posted $0.54 earnings per share. Versum Materials’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, analysts forecast that Versum Materials Inc will post 2.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 26th. Investors of record on Tuesday, February 12th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, February 11th. This represents a $0.32 annualized dividend and a yield of 0.64%. Versum Materials’s payout ratio is 13.62%.

A number of hedge funds and other institutional investors have recently bought and sold shares of VSM. SG Americas Securities LLC boosted its stake in shares of Versum Materials by 68.6% during the third quarter. SG Americas Securities LLC now owns 68,953 shares of the basic materials company’s stock valued at $2,483,000 after purchasing an additional 28,045 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Versum Materials by 34.4% in the third quarter. JPMorgan Chase & Co. now owns 113,798 shares of the basic materials company’s stock valued at $4,098,000 after acquiring an additional 29,096 shares in the last quarter. Piedmont Investment Advisors Inc. acquired a new stake in Versum Materials in the third quarter valued at approximately $283,000. American International Group Inc. boosted its stake in Versum Materials by 1.0% in the third quarter. American International Group Inc. now owns 222,124 shares of the basic materials company’s stock valued at $7,999,000 after acquiring an additional 2,262 shares in the last quarter. Finally, FMR LLC boosted its stake in Versum Materials by 2.1% in the third quarter. FMR LLC now owns 546,674 shares of the basic materials company’s stock valued at $19,686,000 after acquiring an additional 11,097 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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Versum Materials Company Profile (NYSE:VSM)

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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