Veeco Instruments Company Profile (NASDAQ:VECO)

Veeco Instruments trades on the NASDAQ under the ticker symbol "VECO."

Veeco Instruments Inc. (NASDAQ:VECO) posted its earnings results on Thursday, August, 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.03. The business earned $115.07 million during the quarter, compared to analyst estimates of $110.87 million. Veeco Instruments had a negative return on equity of 1.33% and a negative net margin of 23.65%. The company's revenue for the quarter was up 52.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.19) earnings per share. View Veeco Instruments' Earnings History.

Veeco Instruments is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Veeco Instruments.

Veeco Instruments issued an update on its third quarter earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of ($0.09)-$0.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.39. The company issued revenue guidance of $125-145 million, compared to the consensus revenue estimate of $169.36 million.

9 brokers have issued 12 month target prices for Veeco Instruments' shares. Their predictions range from $21.00 to $39.00. On average, they expect Veeco Instruments' share price to reach $31.13 in the next year. View Analyst Ratings for Veeco Instruments.

Here are some recent quotes from research analysts about Veeco Instruments stock:

• 1. According to Zacks Investment Research, "VEECO INSTRUMENTS INC. (DE) designs, manufactures, markets and services a broad line of precision beam etching and surface measurement systems used in the manufacture of microelectronic products. It sells its products worldwide to many of the leading semiconductor and data storage manufacturers. In addition, it sells its products to companies in the flat panel display and high frequency device industries, as well as to other industries, research and development centers and universities. " (7/22/2017)
• 2. Needham & Company LLC analysts commented, "VECO's 4Q16 results were largely inline with updated guidance. While 1Q17 revenue guidance is below consensus estimates, we believe it is due to timing of MOCVD shipments, with a robust outlook for the year and large backlog supporting a strong 2H17. In addition to MOCVD, we are more positive on growth opportunities in other areas in VECO's diversified product portfolio. Coupled with the synergies coming from the UTEK [N/R] acquisition and UTEK's recent order announcement, we remain confident VECO can deliver or potentially surpass our pro forma NG EPS of $1.10 in 2017 and $1.88 in 2018. We would use any weakness on the softer near-term guidance as a buying opportunity. Reiterate our Buy and PT of $30." (2/13/2017)

Some companies that are related to Veeco Instruments include Cabot Microelectronics Corporation (CCMP), Plexus Corp. (PLXS), Celestica (CLS), Himax Technologies (HIMX), Benchmark Electronics (BHE), Inphi Corporation (IPHI), Silicon Motion Technology Corporation (SIMO), Ambarella (AMBA), MaxLinear (MXL), Diodes Incorporated (DIOD), CEVA (CEVA), Nova Measuring Instruments (NVMI), Lattice Semiconductor Corporation (LSCC), MagnaChip Semiconductor Corporation (MX), AXT (AXTI), Kopin Corporation (KOPN), Sequans Communications S.A. (SQNS) and Sparton Corporation (SPA).

Veeco Instruments' management team includes the folowing people:

• John R. Peeler, Chairman of the Board, Chief Executive Officer
• William J. Miller Ph.D., President
• Shubham Maheshwari, Chief Financial Officer, Executive Vice President - Finance
• John P. Kiernan, Senior Vice President - Finance, Chief Accounting Officer, Treasurer, Corporate Controller
• Shanye K. Hudson, Vice President, IR Contact Officer
• Kathleen A. Bayless CPA.,, Independent Director
• Richard A. D'Amore, Lead Independent Director
• Gordon B. Hunter, Independent Director
• Keith D. Jackson, Independent Director
• Peter J. Simone, Independent Director

Veeco Instruments' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.27%), Dimensional Fund Advisors LP (7.05%), Frontier Capital Management Co. LLC (6.41%), Eagle Asset Management Inc. (6.11%), Daruma Capital Management LLC (3.80%) and Fisher Asset Management LLC (3.65%). Company insiders that own Veeco Instruments stock include John P Kiernan, Peter J Simone, Shubham Maheshwari and William John Miller. View Institutional Ownership Trends for Veeco Instruments.

Veeco Instruments' stock was sold by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, Daruma Capital Management LLC, Broadview Advisors LLC, Westpac Banking Corp, Fisher Asset Management LLC, South Dakota Investment Council, Neuberger Berman Group LLC and Columbus Circle Investors. Company insiders that have sold Veeco Instruments stock in the last year include John P Kiernan, Peter J Simone, Shubham Maheshwari and William John Miller. View Insider Buying and Selling for Veeco Instruments.

Veeco Instruments' stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Frontier Capital Management Co. LLC, Dimensional Fund Advisors LP, Renaissance Technologies LLC, State Street Corp, Canada Pension Plan Investment Board, Robeco Institutional Asset Management B.V. and PDT Partners LLC. View Insider Buying and Selling for Veeco Instruments.

Shares of Veeco Instruments can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Veeco Instruments stock can currently be purchased for approximately $20.65.