NASDAQ:VECO - Veeco Instruments Stock Price, News, & Analysis

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

Veeco Instruments announced that its Board of Directors has initiated a share repurchase 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 buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Veeco Instruments Inc. (NASDAQ:VECO) issued its earnings results on Thursday, August, 2nd. The semiconductor company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.02. The semiconductor company had revenue of $157.78 million for the quarter, compared to analyst estimates of $160.35 million. Veeco Instruments had a positive return on equity of 1.26% and a negative net margin of 47.49%. Veeco Instruments's quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. View Veeco Instruments' Earnings History.

Veeco Instruments is scheduled to release their next quarterly earnings announcement on Thursday, November, 1st 2018. View Earnings Estimates for Veeco Instruments.

Veeco Instruments updated its third quarter earnings guidance on Thursday, August, 2nd. The company provided EPS guidance of $0.03-0.13 for the period, compared to the Thomson Reuters consensus estimate of $0.21. The company issued revenue guidance of $130-140 million, compared to the consensus revenue estimate of $160.33 million.

4 equities research analysts have issued 12 month target prices for Veeco Instruments' shares. Their predictions range from $22.00 to $38.00. On average, they anticipate Veeco Instruments' share price to reach $30.00 in the next year. This suggests a possible upside of 171.5% from the stock's current price. View Analyst Price Targets for Veeco Instruments.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeco Instruments in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Veeco Instruments.

Some companies that are related to Veeco Instruments include Milacron (MCRN), Axcelis Technologies (ACLS), Energy Recovery (ERII), Manitex International (MNTX), ACM Research (ACMR), Intevac (IVAC), Amtech Systems (ASYS), CVD Equipment (CVV), Greystone Logistics (GLGI), MagneGas (MNGA) and Enviro Technologies (EVTN).

Media stories about VECO stock have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Veeco Instruments earned a coverage optimism score of 0.18 on Accern's scale. They also assigned news articles about the semiconductor company an impact score of 46.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for Veeco Instruments.

Veeco Instruments' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.80%), Frontier Capital Management Co. LLC (4.54%), River & Mercantile Asset Management LLP (4.18%), Fisher Asset Management LLC (2.91%), Eagle Asset Management Inc. (2.81%) and Baillie Gifford & Co. (2.65%). 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.

VECO stock was sold by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., Carillon Tower Advisers Inc., Frontier Capital Management Co. LLC, Schwab Charles Investment Management Inc., Renaissance Technologies LLC, California Public Employees Retirement System, Peregrine Capital Management LLC and Aperio Group LLC. View Insider Buying and Selling for Veeco Instruments.

VECO stock was acquired by a variety of institutional investors in the last quarter, including River & Mercantile Asset Management LLP, Dimensional Fund Advisors LP, Millennium Management LLC, Royce & Associates LP, Baillie Gifford & Co., Engineers Gate Manager LP, Westpac Banking Corp and Northern Trust Corp. 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.

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.

One share of VECO stock can currently be purchased for approximately $11.05.

Veeco Instruments has a market capitalization of $529.39 million and generates $484.76 million in revenue each year. The semiconductor company earns $-44,790,000.00 in net income (profit) each year or ($0.02) on an earnings per share basis. Veeco Instruments employs 1,014 workers across the globe.

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]