Veeco Instruments Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeco Instruments in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Veeco Instruments stock.
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Veeco Instruments is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Veeco Instruments.

Veeco Instruments will be holding an earnings conference call on Tuesday, August 3rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Veeco Instruments Inc. (NASDAQ:VECO) posted its quarterly earnings data on Tuesday, May, 4th. The semiconductor company reported $0.25 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.23 by $0.02. The semiconductor company had revenue of $133.70 million for the quarter, compared to analysts' expectations of $125.68 million. Veeco Instruments had a negative net margin of 1.10% and a positive trailing twelve-month return on equity of 7.88%. The business's revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 earnings per share.
View Veeco Instruments' earnings history.

Veeco Instruments' stock was trading at $11.66 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, VECO stock has increased by 87.7% and is now trading at $21.89.
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Veeco Instruments issued an update on its second quarter 2021 earnings guidance on Tuesday, May, 25th. The company provided earnings per share (EPS) guidance of 0.170-0.350 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.260. The company issued revenue guidance of $125 million-$145 million, compared to the consensus revenue estimate of $130.21 million.

5 Wall Street analysts have issued 12 month target prices for Veeco Instruments' shares. Their forecasts range from $18.00 to $32.00. On average, they expect Veeco Instruments' share price to reach $24.60 in the next year. This suggests a possible upside of 12.4% from the stock's current price.
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10 employees have rated Veeco Instruments CEO William J. Miller on Glassdoor.com. William J. Miller has an approval rating of 95% among Veeco Instruments' employees. This puts William J. Miller in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Veeco Instruments include Applied Materials (AMAT), Lam Research (LRCX), KLA (KLAC), Entegris (ENTG), MKS Instruments (MKSI), Brooks Automation (BRKS), Amkor Technology (AMKR), CMC Materials (CCMP), Advanced Energy Industries (AEIS), Onto Innovation (ONTO), FormFactor (FORM), Ultra Clean (UCTT), Xperi (XPER), Cohu (COHU) and Axcelis Technologies (ACLS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Veeco Instruments investors own include NVIDIA (NVDA), AT&T (T), Energy Transfer (ET), Gilead Sciences (GILD), Intel (INTC), Advanced Micro Devices (AMD), FireEye (FEYE), AbbVie (ABBV), salesforce.com (CRM) and Ford Motor (F).

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

Veeco Instruments' stock is owned by many different institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%). Company insiders that own Veeco Instruments stock include Peter J Simone and Susan Wilkerson.
View institutional ownership trends for Veeco Instruments.

VECO stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue.
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Shares of VECO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VECO stock can currently be purchased for approximately $21.89.

Veeco Instruments has a market capitalization of $1.10 billion and generates $454.16 million in revenue each year. The semiconductor company earns $-8,390,000.00 in net income (profit) each year or $0.62 on an earnings per share basis.

Veeco Instruments employs 993 workers across the globe.

Veeco Instruments was founded in 1945.

The official website for Veeco Instruments is www.veeco.com.

Veeco Instruments is headquartered at Terminal Drive, Plainview NY, 11803.

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]veeco.com.