Jefferies Group LLC restated their hold rating on shares of Versum Materials Inc. (NYSE:VSM) in a research report released on Thursday morning. They currently have a $38.00 target price on the basic materials company’s stock.

Other equities analysts also recently issued reports about the company. ValuEngine upgraded Versum Materials from a hold rating to a buy rating in a report on Wednesday, September 20th. Stifel Nicolaus began coverage on Versum Materials in a report on Wednesday, September 20th. They set a hold rating and a $42.00 price target for the company. Needham & Company LLC restated a buy rating and set a $41.00 price target on shares of Versum Materials in a report on Tuesday, September 5th. Aegis upgraded Versum Materials from a hold rating to a buy rating and set a $39.00 price target for the company in a report on Friday, June 23rd. Finally, Zacks Investment Research downgraded Versum Materials from a buy rating to a hold rating in a report on Friday, July 7th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of $38.20.

Versum Materials (NYSE:VSM) traded up 1.41% during trading on Thursday, reaching $39.69. 184,735 shares of the company’s stock were exchanged. Versum Materials has a 12 month low of $22.17 and a 12 month high of $40.21. The stock has a market cap of $4.32 billion and a PE ratio of 22.42. The firm has a 50 day moving average of $38.27 and a 200-day moving average of $34.07.

Versum Materials (NYSE:VSM) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. Versum Materials had a negative return on equity of 261.88% and a net margin of 17.91%. The firm had revenue of $290.80 million during the quarter, compared to the consensus estimate of $265.64 million. During the same period last year, the company earned $0.45 earnings per share. The company’s revenue was up 19.8% on a year-over-year basis. On average, equities research analysts anticipate that Versum Materials will post $1.91 earnings per share for the current fiscal year.

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In other Versum Materials news, Director Jacques M. Croisetiere acquired 2,750 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average cost of $36.00 per share, with a total value of $99,000.00. Following the completion of the transaction, the director now directly owns 8,376 shares of the company’s stock, valued at approximately $301,536. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in VSM. BlackRock Inc. boosted its position in shares of Versum Materials by 3,827.3% during the first quarter. BlackRock Inc. now owns 8,073,327 shares of the basic materials company’s stock valued at $247,043,000 after buying an additional 7,867,760 shares during the last quarter. Iridian Asset Management LLC CT boosted its position in shares of Versum Materials by 38.8% during the second quarter. Iridian Asset Management LLC CT now owns 4,413,786 shares of the basic materials company’s stock valued at $143,448,000 after buying an additional 1,234,079 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Versum Materials by 100.9% during the second quarter. Dimensional Fund Advisors LP now owns 932,533 shares of the basic materials company’s stock valued at $30,308,000 after buying an additional 468,383 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Versum Materials by 140.0% during the second quarter. First Eagle Investment Management LLC now owns 758,315 shares of the basic materials company’s stock valued at $24,645,000 after buying an additional 442,313 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Versum Materials by 136.2% during the first quarter. Morgan Stanley now owns 727,575 shares of the basic materials company’s stock valued at $22,264,000 after buying an additional 419,515 shares during the last quarter. 89.60% of the stock is currently owned by institutional investors.

Versum Materials Company Profile

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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