Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor process equipment worldwide. It offers metal organic chemical vapor deposition systems; packaging lithography equipment; precision surface processing systems; laser annealing systems; ion beam etch and deposition systems; molecular beam epitaxy systems; 3D wafer inspection systems; and atomic layer deposition and other deposition systems. The company sells its products to light emitting diode, micro-electro mechanical system, outsourced semiconductor assembly and test, HDD, and semiconductor manufacturers, as well as research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.
Industry, Sector and Symbol
Industry Special industry machinery, not elsewhere classified
Sub-IndustrySemiconductor Equipment
SectorComputer and Technology
Phone516-677-0200
Debt
Current Ratio3.15
Quick Ratio2.28
Price-To-Earnings
Sales & Book Value
Annual Sales$484.76 million
Price / Sales0.87
Price / Cash Flow8.04
Price / Book0.51
Profitability
Net Income$-44,790,000.00
Net Margins-45.70%
Return on Assets1.12%
Miscellaneous
Employees1,014
OptionableOptionable
Veeco Instruments (NASDAQ:VECO) Frequently Asked Questions
What is Veeco Instruments' stock symbol?
Veeco Instruments trades on the NASDAQ under the ticker symbol "VECO."
How will Veeco Instruments' stock buyback program work?
Veeco Instruments announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 13th 2017, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.
How were Veeco Instruments' earnings last quarter?
Veeco Instruments Inc. (NASDAQ:VECO) issued its quarterly earnings data on Thursday, November, 1st. The semiconductor company reported $0.11 EPS for the quarter, beating the Zacks' consensus estimate of $0.08 by $0.03. The semiconductor company earned $126.76 million during the quarter, compared to the consensus estimate of $135.50 million. Veeco Instruments had a positive return on equity of 1.93% and a negative net margin of 45.70%. Veeco Instruments's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. View Veeco Instruments' Earnings History.
When is Veeco Instruments' next earnings date?
What guidance has Veeco Instruments issued on next quarter's earnings?
Veeco Instruments issued an update on its fourth quarter 2018 earnings guidance on Thursday, November, 1st. The company provided EPS guidance of $-0.25--0.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.14. The company issued revenue guidance of $85-105 million, compared to the consensus revenue estimate of $134.97 million.Veeco Instruments also updated its Q4 guidance to $(0.25)-(0.09) EPS.
What price target have analysts set for VECO?
2 brokerages have issued 12-month price objectives for Veeco Instruments' stock. Their forecasts range from $38.00 to $38.00. On average, they anticipate Veeco Instruments' stock price to reach $38.00 in the next year. This suggests a possible upside of 333.8% from the stock's current price. View Analyst Price Targets for Veeco Instruments.
What is the consensus analysts' recommendation for Veeco Instruments?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeco Instruments in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Veeco Instruments.
Has Veeco Instruments been receiving favorable news coverage?
Press coverage about VECO stock has trended positive on Wednesday, according to InfoTrie. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Veeco Instruments earned a daily sentiment score of 2.8 on InfoTrie's scale. They also gave press coverage about the semiconductor company a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an impact on the stock's share price in the immediate future.
Who are some of Veeco Instruments' key competitors?
Who are Veeco Instruments' key executives?
Veeco Instruments' management team includes the folowing people:
- Mr. John R. Peeler, Exec. Chairman (Age 64)
- Dr. William John Miller, CEO & Director (Age 51)
- Mr. Shubham Maheshwari, Exec. VP, CFO & COO (Age 47)
- Mr. John P. Kiernan, Sr. VP of Fin., Chief Accounting Officer & Treasurer (Age 57)
- Mr. Ajit Paranjpe, Chief Technology Officer (Age 56)
Who are Veeco Instruments' major shareholders?
Veeco Instruments' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Louisiana State Employees Retirement System (0.04%) and Fox Run Management L.L.C. (0.03%). 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.
Which major investors are selling Veeco Instruments stock?
Which major investors are buying Veeco Instruments stock?
VECO stock was bought by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C.. 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.
How do I buy shares of 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.
What is Veeco Instruments' stock price today?
One share of VECO stock can currently be purchased for approximately $8.76.
How big of a company is Veeco Instruments?
Veeco Instruments has a market capitalization of $390.95 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.
What is Veeco Instruments' official website?
How can I contact Veeco Instruments?
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]
MarketBeat Community Rating for Veeco Instruments (NASDAQ VECO)
MarketBeat's community ratings are surveys of what our community members think about Veeco Instruments and other stocks. Vote "Outperform" if you believe VECO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VECO will underperform the S&P 500 over the long term. You may vote once every thirty days.
