NASDAQ:VECO

Veeco Instruments - VECO Stock Forecast, Price & News

$23.02

-0.12 (-0.52%)

(As of 08/16/2022 12:00 AM ET)

Add

Compare

Today's Range: $22.74
▼
$23.14
50-Day Range: $17.56
▼
$23.24
52-Week Range: $17.23
▼
$32.40

Volume: 209,003 shs
Average Volume: 466,715 shs
Market Capitalization: $1.18 billion

P/E Ratio: 31.11
Dividend Yield: N/A
Price Target: $30.83

Veeco Instruments MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 33.9% Upside
$30.83 Price Target
Short Interest: Bearish
5.82% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.10
Based on 8 Articles This Week
Insider Trading: Acquiring Shares
$54,000 Bought Last Quarter
Proj. Earnings Growth: 34.40%
From $1.25 to $1.68 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.67 out of 5 stars

Computer And Technology Sector

130th out of 664 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

3rd out of 15 stocks

3.4

Analyst's Opinion

Consensus Rating
Veeco Instruments has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.83, Veeco Instruments has a forecasted upside of 33.9% from its current price of $23.02.
Amount of Analyst Coverage
Veeco Instruments has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
5.82% of the float of Veeco Instruments has been sold short.
Short Interest Ratio / Days to Cover
Veeco Instruments has a short interest ratio ("days to cover") of 6.8.
Change versus previous month
Short interest in Veeco Instruments has recently decreased by 0.34%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Veeco Instruments does not currently pay a dividend.
Dividend Growth
Veeco Instruments does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for VECO.

2.3

News and Social Media Coverage

News Sentiment
Veeco Instruments has a news sentiment score of 0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Veeco Instruments this week, compared to 1 article on an average week.
Search Interest
4 people have searched for VECO on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Veeco Instruments insiders have bought more of their company's stock than they have sold. Specifically, they have bought $54,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.40% of the stock of Veeco Instruments is held by insiders.
Percentage Held by Institutions
97.66% of the stock of Veeco Instruments is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Veeco Instruments are expected to grow by 34.40% in the coming year, from $1.25 to $1.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Veeco Instruments is 31.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Veeco Instruments is 31.11, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 392.86.
Price to Book Value per Share Ratio
Veeco Instruments has a P/B Ratio of 2.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Veeco Instruments (NASDAQ:VECO) Stock

Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, and atomic layer deposition and other deposition systems, as well as packaging lithography equipment. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices. In addition, the company markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test, hard disk drive, and photonics manufacturers; and research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.

Veeco Instruments Trading Down 0.5 %

VECO Stock traded down $0.12 during trading on Tuesday, hitting $23.02. 209,603 shares of the company traded hands, compared to its average volume of 466,715. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.96 and a current ratio of 2.84. Veeco Instruments has a 1 year low of $17.23 and a 1 year high of $32.40. The company has a 50-day moving average of $20.12 and a 200-day moving average of $23.55. The firm has a market capitalization of $1.18 billion, a PE ratio of 30.99 and a beta of 1.33.

Veeco Instruments (NASDAQ:VECO - Get Rating) last issued its earnings results on Monday, August 8th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.28 by $0.07. Veeco Instruments had a net margin of 6.44% and a return on equity of 16.23%. The company had revenue of $164.00 million for the quarter, compared to the consensus estimate of $160.91 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. Analysts predict that Veeco Instruments will post 1.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VECO has been the topic of several recent research reports. The Goldman Sachs Group reduced their price objective on Veeco Instruments from $28.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 9th. Oppenheimer cut their target price on Veeco Instruments from $40.00 to $35.00 in a research note on Thursday, May 5th. Finally, Barclays lowered their price objective on shares of Veeco Instruments from $32.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, July 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.83.

Receive VECO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Veeco Instruments and its competitors with MarketBeat's FREE daily newsletter.

VECO Stock News Headlines

August 14, 2022 | nasdaq.com

Earnings Tell The Story For Veeco Instruments Inc. (NASDAQ:VECO) As Its Stock Soars 29%

August 13, 2022 | finance.yahoo.com

Veeco Instruments Inc. (NASDAQ:VECO) Looks Just Right With A 29% Price Jump

August 10, 2022 | nasdaq.com

Should You Be Adding Veeco Instruments (NASDAQ:VECO) To Your Watchlist Today?

August 10, 2022 | finance.yahoo.com

Multiple insiders bought Veeco Instruments Inc. (NASDAQ:VECO) stock earlier this year, a positive sign for shareholders

August 10, 2022 | americanbankingnews.com

Veeco Instruments (NASDAQ:VECO) Price Target Cut to $24.00 by Analysts at The Goldman Sachs Group

August 8, 2022 | msn.com

Recap: Veeco Instruments Q2 Earnings

August 8, 2022 | seekingalpha.com

Veeco Instruments Inc. (VECO) CEO Bill Miller on Q2 2022 Results - Earnings Call Transcript

August 8, 2022 | finance.yahoo.com

Veeco Instruments (VECO) Surpasses Q2 Earnings and Revenue Estimates

August 8, 2022 | finance.yahoo.com

Veeco Instruments (VECO) Q2 2022 Earnings Call Transcript

August 8, 2022 | finance.yahoo.com

Veeco Reports Second Quarter 2022 Financial Results

August 8, 2022 | finance.yahoo.com

Veeco Releases 2021 Sustainability Report

August 7, 2022 | markets.businessinsider.com

Here's what to expect from Veeco Instruments's earnings report

August 7, 2022 | americanbankingnews.com

Veeco Instruments (VECO) Set to Announce Quarterly Earnings on Monday

August 6, 2022 | americanbankingnews.com

Veeco Instruments (NASDAQ:VECO) & Sono-Tek (NASDAQ:SOTK) Head to Head Comparison

August 2, 2022 | americanbankingnews.com

Veeco Instruments Inc. (NASDAQ:VECO) Sees Large Decrease in Short Interest

July 28, 2022 | americanbankingnews.com

Veeco Instruments (NASDAQ:VECO) PT Lowered to $26.00 at Barclays

July 23, 2022 | morningstar.com

Veeco Instruments Inc - Stock News

July 21, 2022 | finance.yahoo.com

Veeco Announces Date for Second Quarter Financial Results and Conference Call

July 4, 2022 | finance.yahoo.com

Declining Stock and Decent Financials: Is The Market Wrong About Veeco Instruments Inc. (NASDAQ:VECO)?

June 1, 2022 | finance.yahoo.com

Veeco Instruments Inc.'s (NASDAQ:VECO) Intrinsic Value Is Potentially 95% Above Its Share Price

May 14, 2022 | finance.yahoo.com

Returns Are Gaining Momentum At Veeco Instruments (NASDAQ:VECO)

May 10, 2022 | fool.com

Veeco Instruments (VECO) Q1 2022 Earnings Call Transcript

May 9, 2022 | seekingalpha.com

Veeco Instruments Inc. (VECO) CEO Bill Miller on Q1 2022 Results - Earnings Call Transcript

May 9, 2022 | investing.com

Veeco Instruments Tops Q1 EPS by 3c

May 9, 2022 | markets.businessinsider.com

Veeco Instruments Q1 Profit Increases, beats estimates

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive VECO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Veeco Instruments and its competitors with MarketBeat's FREE daily newsletter.

VECO Company Calendar

Last Earnings: 8/08/2022
Today: 8/16/2022
Next Earnings (Estimated): 11/01/2022
Fiscal Year End: 12/31/2022

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Special industry machinery, not elsewhere classified
Sub-Industry: Semiconductor Equipment
Sector: Computer and Technology
Current Symbol: NASDAQ:VECO
CUSIP: 92241710
CIK: 103145
Web: www.veeco.com
Phone: (516) 677-0200
Fax: 516-714-1200
Employees: 1,091
Year Founded: 1945

Price Target and Rating

Average Stock Price Forecast: $30.83
High Stock Price Forecast: $35.00
Low Stock Price Forecast: $24.00
Forecasted Upside/Downside: +33.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.74
Trailing P/E Ratio: 31.11
Forward P/E Ratio: 18.42
P/E Growth: N/A
Net Income: $26.04 million
Net Margins: 6.44%
Pretax Margin: 6.43%
Return on Equity: 16.23%
Return on Assets: 7.38%

Debt

Debt-to-Equity Ratio: 0.60
Current Ratio: 2.84
Quick Ratio: 1.96

Sales & Book Value

Annual Sales: $583.28 million
Price / Sales: 2.03
Cash Flow: $1.66 per share
Price / Cash Flow: 13.90
Book Value: $8.67 per share
Price / Book: 2.66

Miscellaneous

Outstanding Shares: 51,425,000
Free Float: 50,191,000
Market Cap: $1.18 billion
Optionable: Optionable
Beta: 1.33

Social Links

Key Executives

Dr. William John Miller Ph.D. (Age 54)
CEO & Director
Comp: $1.4M
Mr. John P. Kiernan (Age 60)
Sr. VP & CFO
Comp: $738.81k
Ms. Susan Wilkerson (Age 60)
Sr. VP of Global Sales & Services
Comp: $742.41k
Dr. Peter Porshnev Ph.D. (Age 58)
Sr. VP of Unified Engineering
Comp: $693.36k
Dr. Adrian Devasahayam Ph.D. (Age 51)
Sr. VP of Product Line Management
Comp: $632.14k
Mr. Mark Harris
Sr. VP of Global Operations
Mr. Ajit Paranjpe (Age 59)
Chief Technology Officer
Mr. Robert W. Bradshaw
Chief Admin. Officer
Anthony Bencivenga
Head of Investor Relations
Kirk Mackey
VP, Head of Legal, Gen. Counsel & Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VECO Stock - Frequently Asked Questions

Should I buy or sell Veeco Instruments stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Veeco Instruments in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" VECO shares.
View VECO analyst ratings or view top-rated stocks.
What is Veeco Instruments' stock price forecast for 2022?: 4 brokerages have issued twelve-month target prices for Veeco Instruments' stock. Their VECO share price forecasts range from $24.00 to $35.00. On average, they expect the company's stock price to reach $30.83 in the next twelve months. This suggests a possible upside of 33.9% from the stock's current price.
View analysts price targets for VECO or view top-rated stocks among Wall Street analysts.
How have VECO shares performed in 2022?: Veeco Instruments' stock was trading at $28.47 at the beginning of the year. Since then, VECO shares have decreased by 19.1% and is now trading at $23.02.
View the best growth stocks for 2022 here.
When is Veeco Instruments' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our VECO earnings forecast.
How were Veeco Instruments' earnings last quarter?: Veeco Instruments Inc. (NASDAQ:VECO) released its quarterly earnings data on Monday, August, 8th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.28 by $0.07. The semiconductor company had revenue of $164 million for the quarter, compared to analysts' expectations of $160.91 million. Veeco Instruments had a net margin of 6.44% and a trailing twelve-month return on equity of 16.23%. Veeco Instruments's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share.
What guidance has Veeco Instruments issued on next quarter's earnings?: Veeco Instruments issued an update on its third quarter 2022 earnings guidance on Tuesday, August, 16th. The company provided EPS guidance of $0.32-$0.48 for the period. The company issued revenue guidance of $160.00 million-$180.00 million, compared to the consensus revenue estimate of $169.15 million.
What is William J. Miller's approval rating as Veeco Instruments' CEO?: 10 employees have rated Veeco Instruments Chief Executive Officer William J. Miller on Glassdoor.com. William J. Miller has an approval rating of 95% among the company's employees. This puts William J. Miller in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Veeco Instruments own?: 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 (CRM) and Ford Motor (F).

What is Veeco Instruments' stock symbol?: Veeco Instruments trades on the NASDAQ under the ticker symbol "VECO."
Who are Veeco Instruments' major shareholders?: Veeco Instruments' stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (3.16%), Baillie Gifford & Co. (1.87%), Victory Capital Management Inc. (1.46%), Royce & Associates LP (1.45%), Assenagon Asset Management S.A. (1.23%) and GMT Capital Corp (1.15%). Insiders that own company stock include Dennis Thomas St, John P Kiernan, Peter J Simone and Susan Wilkerson.
View institutional ownership trends.
How do I buy shares of Veeco Instruments?: Shares of VECO stock 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.
Compare Top Brokerages Here.
What is Veeco Instruments' stock price today?: One share of VECO stock can currently be purchased for approximately $23.02.
How much money does Veeco Instruments make?: Veeco Instruments (NASDAQ:VECO) has a market capitalization of $1.18 billion and generates $583.28 million in revenue each year. The semiconductor company earns $26.04 million in net income (profit) each year or $0.74 on an earnings per share basis.
How many employees does Veeco Instruments have?: The company employs 1,091 workers across the globe.
Does Veeco Instruments have any subsidiaries?: The following companies are subsidiares of Veeco Instruments: Advanced Imaging, Applied Epi, Digital Instruments, Fluens Corporation, Ion Tech, Mill Lane Engineering, Monarch Labs, NanoDevices, OptiMag, Solid State Equipment Holdings, Synos Technology, TM Microscopes, ThermoMicroscopes Corp, Ultra-Tech Technologies Israel Ltd., Ultratech Inc., Ultratech International Inc., Veeco APAC LLC, Veeco Asia Pte. Ltd., Veeco GmbH, Veeco Instruments (Shanghai) Co. Ltd., Veeco Instruments Limited, Veeco Japan Ltd., Veeco Korea LLC, Veeco Malaysia Sdn. Bhd., Veeco Netherlands BV, Veeco Process Equipment Inc., and Veeco Taiwan Inc..
Read More
When was Veeco Instruments founded?: Veeco Instruments was founded in 1945.
How can I contact Veeco Instruments?: Veeco Instruments' mailing address is Terminal Drive, Plainview NY, 11803. The official website for the company is www.veeco.com. The semiconductor company can be reached via phone at (516) 677-0200, via email at investorrelations@veeco.com, or via fax at 516-714-1200.

This page (NASDAQ:VECO) was last updated on 8/16/2022 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Veeco Instruments - VECO Stock Forecast, Price & News

Veeco Instruments MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Veeco Instruments (NASDAQ:VECO) Stock

Veeco Instruments Trading Down 0.5 %

Analysts Set New Price Targets

VECO Stock News Headlines

VECO Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

VECO Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™