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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
0.10mentions of Veeco Instruments in the last 14 days
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

VECO stock logo

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.

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VECO Stock News Headlines

Recap: Veeco Instruments Q2 Earnings
Veeco Reports Second Quarter 2022 Financial Results
Veeco Releases 2021 Sustainability Report
Here's what to expect from Veeco Instruments's earnings report
Veeco Instruments Inc - Stock News
Veeco Instruments Tops Q1 EPS by 3c
Veeco Instruments Q1 Profit Increases, beats estimates
See More Headlines
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VECO Company Calendar

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

Industry, Sector and Symbol

Industry
Special industry machinery, not elsewhere classified
Sub-Industry
Semiconductor Equipment
Current Symbol
NASDAQ:VECO
CUSIP
92241710
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

Net Income
$26.04 million
Pretax Margin
6.43%

Debt

Sales & Book Value

Annual Sales
$583.28 million
Cash Flow
$1.66 per share
Book Value
$8.67 per share

Miscellaneous

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.













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

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