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NASDAQ:VECO

Veeco Instruments (VECO) Stock Forecast, Price & News

$26.45
+0.19 (+0.72%)
(As of 04:35 PM ET)
Compare
Today's Range
$26.41
$26.79
50-Day Range
$25.71
$30.66
52-Week Range
$16.11
$31.09
Volume
1.01 million shs
Average Volume
505,721 shs
Market Capitalization
$1.49 billion
P/E Ratio
31.87
Dividend Yield
N/A
Price Target
$32.57

Veeco Instruments MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
23.1% Upside
$32.57 Price Target
Short Interest
Bearish
9.96% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.40mentions of Veeco Instruments in the last 14 days
Based on 6 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.

2.29 out of 5 stars

Computer And Technology Sector

291st out of 585 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

6th out of 13 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.

VECO Price History

VECO Stock News Headlines

Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Veeco Instruments (NASDAQ:VECO) Trading Down 5%
Benchmark Reiterates "Buy" Rating for Veeco Instruments (NASDAQ:VECO)
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Expert Ratings for Veeco Instruments
Q2 2023 Veeco Instruments Inc Earnings Call
Earnings Preview: Veeco Instruments
See More Headlines
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VECO Company Calendar

Last Earnings
8/07/2023
Today
9/22/2023
Next Earnings (Estimated)
11/06/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Net Income
$166.94 million
Pretax Margin
-7.48%

Debt

Sales & Book Value

Annual Sales
$646.14 million
Cash Flow
$1.77 per share
Book Value
$11.24 per share

Miscellaneous

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  WilkersonMs. 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.













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 brokers have issued 12 month price objectives for Veeco Instruments' stock. Their VECO share price forecasts range from $28.00 to $37.00. On average, they expect the company's share price to reach $32.57 in the next twelve months. 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 on January 1st, 2023. Since then, VECO shares have 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) released its earnings results on Monday, August, 7th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The semiconductor company had revenue of $161.64 million for the quarter, compared to analyst estimates 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 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 EPS 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 variety of institutional and retail investors. Top institutional shareholders 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 9/22/2023 by MarketBeat.com Staff

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