Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor process equipment worldwide. It offers metal organic chemical vapor deposition systems; packaging lithography equipment; precision surface processing systems; laser annealing systems; ion beam etch and deposition systems; molecular beam epitaxy systems; 3D wafer inspection systems; and atomic layer deposition and other deposition systems. The company sells its products to light emitting diode, micro-electro mechanical system, outsourced semiconductor assembly and test, HDD, and semiconductor manufacturers, as well as research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.
Industry, Sector and Symbol
Industry Special industry machinery, not elsewhere classified
Sub-IndustrySemiconductor Equipment
SectorComputer and Technology
Phone516-677-0200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$542.08 million
Profitability
Miscellaneous
Employees1,043
Next Earnings Date5/6/2019 (Estimated)
OptionableOptionable
Veeco Instruments (NASDAQ:VECO) Frequently Asked Questions
What is Veeco Instruments' stock symbol?
Veeco Instruments trades on the NASDAQ under the ticker symbol "VECO."
How will Veeco Instruments' stock buyback program work?
Veeco Instruments declared that its board has initiated a share buyback program on Wednesday, December 13th 2017, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.
How were Veeco Instruments' earnings last quarter?
Veeco Instruments Inc. (NASDAQ:VECO) announced its earnings results on Monday, February, 11th. The semiconductor company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by $0.01. The semiconductor company had revenue of $98.97 million for the quarter, compared to the consensus estimate of $95.95 million. Veeco Instruments had a negative net margin of 75.10% and a negative return on equity of 0.31%. View Veeco Instruments' Earnings History.
When is Veeco Instruments' next earnings date?
What guidance has Veeco Instruments issued on next quarter's earnings?
Veeco Instruments issued an update on its first quarter 2019 earnings guidance on Monday, February, 11th. The company provided EPS guidance of $-0.3--0.1 for the period, compared to the Thomson Reuters consensus estimate of $-0.11. The company issued revenue guidance of $85-105 million, compared to the consensus revenue estimate of $98.06 million.
What price target have analysts set for VECO?
3 Wall Street analysts have issued 12-month target prices for Veeco Instruments' stock. Their forecasts range from $12.00 to $38.00. On average, they anticipate Veeco Instruments' stock price to reach $25.00 in the next year. This suggests a possible upside of 131.7% from the stock's current price. View Analyst Price Targets for Veeco Instruments.
What is the consensus analysts' recommendation for Veeco Instruments?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeco Instruments in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Veeco Instruments.
Has Veeco Instruments been receiving favorable news coverage?
Media stories about VECO stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Veeco Instruments earned a coverage optimism score of -1.4 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near future.
Who are some of Veeco Instruments' key competitors?
Some companies that are related to Veeco Instruments include Brooks Automation (BRKS), Bodycote (BYPLF), Milacron (MCRN), Axcelis Technologies (ACLS), Energy Recovery (ERII), ACM Research (ACMR), Manitex International (MNTX), Intevac (IVAC), Amtech Systems (ASYS), CVD Equipment (CVV), Greystone Logistics (GLGI), Magnegas Applied Tchnlgy Sltns (MNGA) and Enviro Technologies (EVTN).
What other stocks do shareholders of Veeco Instruments own?
Who are Veeco Instruments' key executives?
Veeco Instruments' management team includes the folowing people:
- Mr. John R. Peeler, Exec. Chairman (Age 64)
- Dr. William John Miller, CEO & Director (Age 51)
- Mr. Shubham Maheshwari, Exec. VP, CFO & COO (Age 47)
- Mr. John P. Kiernan, Sr. VP of Fin., Chief Accounting Officer & Treasurer (Age 57)
- Mr. Ajit Paranjpe, Chief Technology Officer (Age 56)
Who are Veeco Instruments' major shareholders?
Veeco Instruments' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.42%), Dimensional Fund Advisors LP (6.42%), River & Mercantile Asset Management LLP (6.17%), Baillie Gifford & Co. (3.18%), Fisher Asset Management LLC (2.99%) and Frontier Capital Management Co. LLC (2.28%). Company insiders that own Veeco Instruments stock include John P Kiernan, John R Peeler, Peter J Simone, Shubham Maheshwari and William John Miller. View Institutional Ownership Trends for Veeco Instruments.
Which institutional investors are selling Veeco Instruments stock?
VECO stock was sold by a variety of institutional investors in the last quarter, including Citigroup Inc., Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Candriam Luxembourg S.C.A., Hosking Partners LLP, Barrow Hanley Mewhinney & Strauss LLC, Two Sigma Advisers LP and Frontier Capital Management Co. LLC. View Insider Buying and Selling for Veeco Instruments.
Which institutional investors are buying Veeco Instruments stock?
VECO stock was purchased by a variety of institutional investors in the last quarter, including Alambic Investment Management L.P., D. E. Shaw & Co. Inc., Royce & Associates LP, River & Mercantile Asset Management LLP, Two Sigma Investments LP, Norges Bank, Assenagon Asset Management S.A. and Squarepoint Ops LLC. Company insiders that have bought Veeco Instruments stock in the last two years include John P Kiernan, John R Peeler, Shubham Maheshwari and William John Miller. View Insider Buying and Selling for Veeco Instruments.
How do I buy shares of Veeco Instruments?
Shares of VECO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Veeco Instruments' stock price today?
One share of VECO stock can currently be purchased for approximately $10.79.
How big of a company is Veeco Instruments?
Veeco Instruments has a market capitalization of $518.29 million and generates $542.08 million in revenue each year. The semiconductor company earns $-407,090,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis. Veeco Instruments employs 1,043 workers across the globe.
What is Veeco Instruments' official website?
How can I contact Veeco Instruments?
Veeco Instruments' mailing address is Terminal Drive, Plainview NY, 11803. The semiconductor company can be reached via phone at 516-677-0200 or via email at [email protected]
MarketBeat Community Rating for Veeco Instruments (NASDAQ VECO)
MarketBeat's community ratings are surveys of what our community members think about Veeco Instruments and other stocks. Vote "Outperform" if you believe VECO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VECO will underperform the S&P 500 over the long term. You may vote once every thirty days.
