NASDAQ:VECO

Veeco Instruments (VECO) Stock Forecast, Price & News

$26.26

-0.29 (-1.09%)

(As of 09/21/2023 ET)

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Today's Range: $26.07
▼
$26.62
50-Day Range: $25.71
▼
$30.66
52-Week Range: $16.11
▼
$31.09

Volume: 346,616 shs
Average Volume: 502,141 shs
Market Capitalization: $1.48 billion

P/E Ratio: 31.64
Dividend Yield: N/A
Price Target: $32.57

Veeco Instruments MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 24.0% Upside
$32.57 Price Target
Short Interest: Bearish
9.96% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.26
Based on 9 Articles This Week
Insider Trading: Selling Shares
$229,251 Sold Last Quarter
Proj. Earnings Growth: 31.11%
From $0.90 to $1.18 Per Share

Overall MarketRank^™

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

2.28 out of 5 stars

Computer And Technology Sector

292nd out of 586 stocks

Semiconductor Equipment & Materials Industry

3rd out of 3 stocks

3.3

Analyst's Opinion

Consensus Rating
Veeco Instruments has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $32.57, Veeco Instruments has a forecasted upside of 24.0% from its current price of $26.26.
Amount of Analyst Coverage
Veeco Instruments has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

0.0

Short Interest

Percentage of Shares Shorted
9.96% of the outstanding shares of Veeco Instruments have been sold short.
Short Interest Ratio / Days to Cover
Veeco Instruments has a short interest ratio ("days to cover") of 11.8, which indicates bearish sentiment.
Change versus previous month
Short interest in Veeco Instruments has recently increased by 1.08%, indicating that investor sentiment is decreasing.

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.

1.8

News and Social Media Coverage

News Sentiment
Veeco Instruments has a news sentiment score of 0.26. 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 0.53 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Veeco Instruments this week, compared to 2 articles on an average week.
Search Interest
Only 2 people have searched for VECO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Veeco Instruments insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $229,251.00 in company stock.
Percentage Held by Insiders
Only 2.40% of the stock of Veeco Instruments is held by insiders.
Percentage Held by Institutions
98.46% 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 31.11% in the coming year, from $0.90 to $1.18 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Veeco Instruments is 31.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of Veeco Instruments is 31.64, 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 272.18.
Price to Book Value per Share Ratio
Veeco Instruments has a P/B Ratio of 2.34. 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.

VECO Price History

30 days | 90 days | 365 days | Advanced Chart

VECO Stock News Headlines

September 20, 2023 | americanbankingnews.com

Veeco Instruments Inc. (NASDAQ:VECO) Receives $32.57 Average Target Price from Brokerages

September 20, 2023 | americanbankingnews.com

Veeco Instruments Inc. (NASDAQ:VECO) Given Average Recommendation of "Moderate Buy" by Analysts

September 21, 2023 | Behind the Markets (Ad)

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September 17, 2023 | americanbankingnews.com

Veeco Instruments (NASDAQ:VECO) Trading Down 5%

September 17, 2023 | americanbankingnews.com

Benchmark Reiterates "Buy" Rating for Veeco Instruments (NASDAQ:VECO)

September 15, 2023 | finance.yahoo.com

Veeco Instruments Inc (VECO): A Deep Dive into Its Performance Potential

September 15, 2023 | finance.yahoo.com

Veeco Instruments (VECO): A Closer Look at Its Valuation Status

September 13, 2023 | msn.com

Citi initiates Veeco Instruments with Buy rating

September 21, 2023 | Chaikin Analytics (Ad)

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September 13, 2023 | americanbankingnews.com

Veeco Instruments (NASDAQ:VECO) Coverage Initiated by Analysts at Citigroup

September 6, 2023 | finance.yahoo.com

There's Been No Shortage Of Growth Recently For Veeco Instruments' (NASDAQ:VECO) Returns On Capital

September 2, 2023 | msn.com

Needham Initiates Coverage of Veeco Instruments (VECO) with Buy Recommendation

September 1, 2023 | msn.com

Veeco Instruments: Brokerage Needham says turnaround underway, initiates at 'buy'

August 31, 2023 | msn.com

Veeco Instruments (VECO) Price Target Increased by 21.54% to 32.23

August 20, 2023 | finance.yahoo.com

Despite shrinking by US$97m in the past week, Veeco Instruments (NASDAQ:VECO) shareholders are still up 160% over 5 years

August 9, 2023 | finance.yahoo.com

Veeco Instruments Inc. (NASDAQ:VECO) Q2 2023 Earnings Call Transcript

August 9, 2023 | msn.com

Goldman Sachs Maintains Veeco Instruments (VECO) Neutral Recommendation

August 8, 2023 | markets.businessinsider.com

Expert Ratings for Veeco Instruments

August 8, 2023 | finance.yahoo.com

Veeco Reports Second Quarter 2023 Financial Results With Record Semiconductor Revenue

August 8, 2023 | finance.yahoo.com

Q2 2023 Veeco Instruments Inc Earnings Call

August 7, 2023 | seekingalpha.com

Veeco Instruments Inc. 2023 Q2 - Results - Earnings Call Presentation

August 4, 2023 | benzinga.com

Earnings Preview: Veeco Instruments

August 3, 2023 | msn.com

MKS Instruments (MKSI) Beats Q2 Earnings and Revenue Estimates

July 28, 2023 | finance.yahoo.com

We Ran A Stock Scan For Earnings Growth And Veeco Instruments (NASDAQ:VECO) Passed With Ease

July 13, 2023 | finance.yahoo.com

What Does Veeco Instruments Inc.'s (NASDAQ:VECO) Share Price Indicate?

July 13, 2023 | seekingalpha.com

Veeco Instruments: The Boost From China Is Not Likely To Last

July 7, 2023 | finance.yahoo.com

3 Top-Rated Technology Stocks That Still Have Room to Run

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VECO Company Calendar

Last Earnings: 8/07/2023
Today: 9/21/2023
Next Earnings (Estimated): 11/06/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductor Equipment & Materials
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: 1,221
Year Founded: 1945

Price Target and Rating

Average Stock Price Forecast: $32.57
High Stock Price Forecast: $37.00
Low Stock Price Forecast: $28.00
Forecasted Upside/Downside: +24.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.83
Trailing P/E Ratio: 31.64
Forward P/E Ratio: 29.18
P/E Growth: N/A
Net Income: $166.94 million
Net Margins: 10.51%
Pretax Margin: -7.48%
Return on Equity: 10.50%
Return on Assets: 5.15%

Debt

Debt-to-Equity Ratio: 0.45
Current Ratio: 2.51
Quick Ratio: 1.65

Sales & Book Value

Annual Sales: $646.14 million
Price / Sales: 2.29
Cash Flow: $1.75 per share
Price / Cash Flow: 14.99
Book Value: $11.24 per share
Price / Book: 2.34

Miscellaneous

Outstanding Shares: 56,350,000
Free Float: 54,994,000
Market Cap: $1.48 billion
Optionable: Optionable
Beta: 1.26

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Key Executives

Dr. William John Miller Ph.D. (Age 55)
CEO & Director
Comp: $1.17M

Mr. John P. Kiernan (Age 61)
Sr. VP & CFO
Comp: $677.85k

Ms. Susan Wilkerson (Age 61)
Sr. VP of Global Sales & Services
Comp: $663.76k

Dr. Peter Porshnev Ph.D. (Age 59)
Sr. VP of Unified Engineering
Comp: $623.3k

Dr. Adrian Devasahayam Ph.D. (Age 52)
Sr. VP of Product Line Management
Comp: $570.34k

Mr. Mark Harris
Sr. VP of Global Operations

Mr. Ajit Paranjpe (Age 60)
Chief Technology Officer

Mr. Robert W. Bradshaw
Chief Admin. Officer

Anthony Pappone
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?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeco Instruments in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" VECO shares.
View VECO analyst ratings or view top-rated stocks.
What is Veeco Instruments' stock price forecast for 2023?: 6 Wall Street analysts have issued 1 year price objectives for Veeco Instruments' shares. Their VECO share price forecasts range from $28.00 to $37.00. On average, they predict the company's stock price to reach $32.57 in the next year. This suggests a possible upside of 24.0% 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 2023?: Veeco Instruments' stock was trading at $18.58 at the start of the year. Since then, VECO stock has increased by 41.3% and is now trading at $26.26.
View the best growth stocks for 2023 here.
When is Veeco Instruments' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our VECO earnings forecast.
How were Veeco Instruments' earnings last quarter?: Veeco Instruments Inc. (NASDAQ:VECO) posted its earnings results on Monday, August, 7th. The semiconductor company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The semiconductor company earned $161.64 million during the quarter, compared to analysts' expectations of $157.50 million. Veeco Instruments had a trailing twelve-month return on equity of 10.50% and a net margin of 10.51%.
What ETFs hold Veeco Instruments' stock?: ETFs with the largest weight of Veeco Instruments (NASDAQ:VECO) stock in their portfolio include Invesco Semiconductors ETF (PSI), ProShares Nanotechnology ETF (TINY), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Invesco S&P SmallCap Information Technology ETF (PSCT), Etho Climate Leadership US ETF (ETHO) and Barrons 400 ETF (BFOR).IQ Chaikin U.S. Small Cap ETF (CSML).
What guidance has Veeco Instruments issued on next quarter's earnings?: Veeco Instruments issued an update on its third quarter 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share guidance of $0.30-$0.40 for the period, compared to the consensus EPS estimate of $0.33. The company issued revenue guidance of $155.00 million-$175.00 million, compared to the consensus revenue estimate of $168.26 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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.70%), Wasatch Advisors LP (5.56%), Dimensional Fund Advisors LP (4.12%), Paradigm Capital Management Inc. NY (3.63%), State Street Corp (3.16%) and Neumeier Poma Investment Counsel LLC (2.50%). Insiders that own company stock include Adrian Devasahayam, Dennis Thomas St, John P Kiernan, Mary Jane Raymond, 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 $26.26.
How much money does Veeco Instruments make?: Veeco Instruments (NASDAQ:VECO) has a market capitalization of $1.48 billion and generates $646.14 million in revenue each year. The semiconductor company earns $166.94 million in net income (profit) each year or $0.83 on an earnings per share basis.
How many employees does Veeco Instruments have?: The company employs 1,221 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
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 9/21/2023 by MarketBeat.com Staff

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