Veeco Instruments Company Profile (NASDAQ:VECO)

About Veeco Instruments (NASDAQ:VECO)

Veeco Instruments logoVeeco Instruments Inc. is engaged in the design, development, manufacture and support of thin film process equipment, primarily sold to make electronic devices. The Company's geographical segments include the United States; China; Europe, Middle East and Africa (EMEA), and Rest of World (ROW). The Company's portfolio of technology solutions focus on market areas, including Lighting, Display & Power Electronics; Advanced Packaging, micro-electromechanical systems (MEMS) & radio frequency (RF); Scientific & Industrial, and Data Storage. The Company's equipment is used to make electronic devices, including light emitting diodes (LEDs), MEMS, wireless devices, power electronics, hard disk drives (HDDs) and semiconductor devices. The Company's System products include Metal Organic Chemical Vapor Deposition Systems, Precision Surface Processing Systems, Ion Beam Etch and Deposition Systems, Molecular Beam Epitaxy Systems, and Other Deposition and Industrial Products.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Semiconductor Equipment & Materials
  • Sub-Industry: Semiconductor Equipment
  • Symbol: NASDAQ:VECO
  • CUSIP: 92241710
  • Web: www.veeco.com
Capitalization:
  • Market Cap: $1.29 billion
  • Outstanding Shares: 40,578,000
Average Prices:
  • 50 Day Moving Avg: $31.37
  • 200 Day Moving Avg: $28.60
  • 52 Week Range: $15.53 - $34.38
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 26.24
  • P/E Growth: 0.29
Sales & Book Value:
  • Annual Revenue: $348.83 million
  • Price / Sales: 3.69
  • Book Value: $16.39 per share
  • Price / Book: 1.94
Profitability:
  • EBIDTA: ($4,480,000.00)
  • Net Margins: -36.77%
  • Return on Equity: -4.59%
  • Return on Assets: -3.67%
Debt:
  • Current Ratio: 3.44%
  • Quick Ratio: 2.85%
Misc:
  • Average Volume: 418,276 shs.
  • Beta: 0.37
  • Short Ratio: 9.4
 

Frequently Asked Questions for Veeco Instruments (NASDAQ:VECO)

What is Veeco Instruments' stock symbol?

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

How were Veeco Instruments' earnings last quarter?

Veeco Instruments Inc. (NASDAQ:VECO) announced its quarterly earnings results on Thursday, May, 4th. The company reported ($0.01) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.01). The business earned $94.39 million during the quarter, compared to analysts' expectations of $94.50 million. Veeco Instruments had a negative net margin of 36.77% and a negative return on equity of 4.59%. The business's revenue for the quarter was up 21.0% on a year-over-year basis. During the same period last year, the business earned ($0.15) earnings per share. View Veeco Instruments' Earnings History.

When will Veeco Instruments make its next earnings announcement?

Veeco Instruments is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Veeco Instruments.

What guidance has Veeco Instruments issued on next quarter's earnings?

Veeco Instruments updated its second quarter earnings guidance on Thursday, May, 4th. The company provided EPS guidance of ($0.05)-$0.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.13. The company issued revenue guidance of $85-100 million, compared to the consensus revenue estimate of $95.79 million.

Where is Veeco Instruments' stock going? Where will Veeco Instruments' stock price be in 2017?

7 equities research analysts have issued 1-year price targets for Veeco Instruments' shares. Their forecasts range from $23.00 to $39.00. On average, they expect Veeco Instruments' share price to reach $31.71 in the next twelve months. View Analyst Ratings for Veeco Instruments.

What are analysts saying about Veeco Instruments stock?

Here are some recent quotes from research analysts about Veeco Instruments stock:

  • 1. According to Zacks Investment Research, "VEECO INSTRUMENTS INC. (DE) designs, manufactures, markets and services a broad line of precision beam etching and surface measurement systems used in the manufacture of microelectronic products. It sells its products worldwide to many of the leading semiconductor and data storage manufacturers. In addition, it sells its products to companies in the flat panel display and high frequency device industries, as well as to other industries, research and development centers and universities. " (4/20/2017)
  • 2. Needham & Company LLC analysts commented, "VECO's 4Q16 results were largely inline with updated guidance. While 1Q17 revenue guidance is below consensus estimates, we believe it is due to timing of MOCVD shipments, with a robust outlook for the year and large backlog supporting a strong 2H17. In addition to MOCVD, we are more positive on growth opportunities in other areas in VECO's diversified product portfolio. Coupled with the synergies coming from the UTEK [N/R] acquisition and UTEK's recent order announcement, we remain confident VECO can deliver or potentially surpass our pro forma NG EPS of $1.10 in 2017 and $1.88 in 2018. We would use any weakness on the softer near-term guidance as a buying opportunity. Reiterate our Buy and PT of $30." (2/13/2017)

Who are some of Veeco Instruments' key competitors?

Who owns Veeco Instruments stock?

Veeco Instruments' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.12%), Dimensional Fund Advisors LP (6.26%), EAGLE ASSET MANAGEMENT INC (6.10%), Eagle Asset Management Inc. (6.06%), Frontier Capital Management Co. LLC (5.29%) and Fisher Asset Management LLC (3.74%). Company insiders that own Veeco Instruments stock include John P Kiernan, John R Peeler, Shubham Maheshwari and William John Miller. View Institutional Ownership Trends for Veeco Instruments.

Who sold Veeco Instruments stock? Who is selling Veeco Instruments stock?

Veeco Instruments' stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Fisher Asset Management LLC, Westpac Banking Corp, TIAA CREF Investment Management LLC, Baillie Gifford & Co., Russell Investments Group Ltd., UBS Group AG and Value Holdings Management CO. LLC. Company insiders that have sold Veeco Instruments stock in the last year include John P Kiernan, Shubham Maheshwari and William John Miller. View Insider Buying and Selling for Veeco Instruments.

Who bought Veeco Instruments stock? Who is buying Veeco Instruments stock?

Veeco Instruments' stock was acquired by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Dimensional Fund Advisors LP, FMR LLC, Canada Pension Plan Investment Board, Vanguard Group Inc., Delta Lloyd NV, Quantitative Investment Management LLC and State Street Corp. View Insider Buying and Selling for Veeco Instruments.

How do I buy Veeco Instruments stock?

Shares of Veeco Instruments can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Veeco Instruments stock cost?

One share of Veeco Instruments stock can currently be purchased for approximately $31.75.

Analyst Ratings

Consensus Ratings for Veeco Instruments (NASDAQ:VECO) (?)
Ratings Breakdown: 1 Hold Rating, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.86)
Consensus Price Target: $31.71 (0.11% downside)

Analysts' Ratings History for Veeco Instruments (NASDAQ:VECO)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/24/2017Needham & Company LLCReiterated RatingBuy -> Buy$30.00 -> $36.00HighView Rating Details
4/23/2017Stifel NicolausReiterated RatingBuy$36.00HighView Rating Details
4/21/2017Benchmark Co.Reiterated RatingBuy$39.00HighView Rating Details
2/10/2017Bank of America CorpUpgradeNeutral -> Buy$32.00N/AView Rating Details
1/12/2017Deutsche Bank AGReiterated RatingBuy$28.00 -> $32.00N/AView Rating Details
1/12/2017Goldman Sachs Group IncReiterated RatingNeutral$24.00N/AView Rating Details
11/16/2016Pacific CrestReiterated RatingBuyN/AView Rating Details
5/24/2016JPMorgan Chase & Co.Reiterated RatingHoldN/AView Rating Details
4/4/2016Berenberg BankSet Price TargetBuy$41.00N/AView Rating Details
4/4/2016Summit ResearchUpgradeSell -> Hold$12.00 -> $23.00N/AView Rating Details
2/23/2016Piper Jaffray CompaniesReiterated RatingHold$22.00 -> $20.00N/AView Rating Details
2/23/2016Canaccord GenuityReiterated RatingHold$18.00 -> $14.00N/AView Rating Details
8/4/2015Oppenheimer Holdings Inc.Reiterated RatingMarket PerformN/AView Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for Veeco Instruments (NASDAQ:VECO)
Earnings by Quarter for Veeco Instruments (NASDAQ:VECO)
Earnings History by Quarter for Veeco Instruments (NASDAQ:VECO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/31/2017        
5/4/2017Q1 2017($0.01)($0.01)$94.50 million$94.39 millionViewListenView Earnings Details
2/16/2017Q4 2016$0.07$0.09$93.41 million$93.60 millionViewN/AView Earnings Details
11/1/2016Q316($0.18)($0.05)$80.72 million$85.50 millionViewN/AView Earnings Details
8/1/2016Q216($0.20)($0.19)$76.30 million$75.30 millionViewN/AView Earnings Details
5/4/2016Q116($0.26)($0.15)$76.17 million$78.00 millionViewN/AView Earnings Details
2/22/2016Q415($0.02)$0.01$99.84 million$1.07 billionViewListenView Earnings Details
10/28/2015Q315$0.30$0.33$145.19 million$140.70 millionViewListenView Earnings Details
8/3/2015Q215$0.17$0.20$127.26 million$131.41 millionViewN/AView Earnings Details
5/6/2015Q115($0.11)($0.01)$96.90 million$98.30 millionViewN/AView Earnings Details
2/17/2015Q414$0.04$0.13$108.32 million$113.60 millionViewN/AView Earnings Details
10/29/2014Q314($0.12)($0.02)$96.60 million$93.30 millionViewN/AView Earnings Details
7/30/2014Q214($0.18)($0.16)$92.84 million$95.10 millionViewN/AView Earnings Details
5/5/2014Q114($0.16)($0.06)$89.38 million$90.84 millionViewListenView Earnings Details
2/19/2014Q413($0.33)($0.42)$69.81 million$73.20 millionViewListenView Earnings Details
11/11/2013Q313($0.03)($0.08)$94.04 million$99.30 millionViewListenView Earnings Details
10/22/2012$0.31$0.34ViewN/AView Earnings Details
7/26/2012$0.38$0.37ViewN/AView Earnings Details
4/30/2012$0.21$0.49ViewN/AView Earnings Details
2/6/2012$0.67$0.72ViewN/AView Earnings Details
10/24/2011$1.12$1.33ViewN/AView Earnings Details
7/28/2011$1.35$1.34ViewN/AView Earnings Details
4/26/2011$1.21$1.33ViewN/AView Earnings Details
2/7/2011$1.61$1.62ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Veeco Instruments (NASDAQ:VECO)
Current Year EPS Consensus Estimate: $0.72 EPS
Next Year EPS Consensus Estimate: $1.21 EPS

Dividends

Dividend History for Veeco Instruments (NASDAQ:VECO)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Veeco Instruments (NASDAQ:VECO)
Insider Ownership Percentage: 2.70%
Institutional Ownership Percentage: 95.13%
Insider Trades by Quarter for Veeco Instruments (NASDAQ:VECO)
Institutional Ownership by Quarter for Veeco Instruments (NASDAQ:VECO)
Insider Trades by Quarter for Veeco Instruments (NASDAQ:VECO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/19/2017William John MillerPresidentSell8,481$31.51$267,236.31View SEC Filing  
5/8/2017John P KiernanSVPSell8,836$32.44$286,639.84View SEC Filing  
12/15/2016Shubham MaheshwariCFOSell2,250$30.00$67,500.00View SEC Filing  
12/7/2015William John MillerEVPSell1,210$19.60$23,716.00View SEC Filing  
6/15/2015William John MillerEVPSell2,227$30.65$68,257.55View SEC Filing  
6/8/2015John R PeelerCEOSell44,418$30.87$1,371,183.66View SEC Filing  
12/12/2014Peter J SimoneDirectorSell5,000$36.86$184,300.00View SEC Filing  
12/11/2014William John MillerEVPSell47,702$37.03$1,766,405.06View SEC Filing  
4/3/2014John KiernanSVPSell1,000$44.00$44,000.00View SEC Filing  
4/3/2014John PeelerCEOSell5,334$44.35$236,562.90View SEC Filing  
2/21/2014David GlassCFOSell5,120$40.00$204,800.00View SEC Filing  
2/21/2014John KiernanSVPSell15,046$39.51$594,467.46View SEC Filing  
2/20/2014John PeelerCEOSell20,038$42.20$845,603.60View SEC Filing  
2/7/2014William John MillerEVPSell5,678$38.33$217,637.74View SEC Filing  
1/22/2014David GlassCFOSell58,334$37.52$2,188,691.68View SEC Filing  
1/9/2014David GlassCFOSell12,948$35.00$453,180.00View SEC Filing  
1/9/2014Peter CollingwoodSVPSell6,223$35.00$217,805.00View SEC Filing  
1/9/2014William John MillerEVPSell1,000$35.55$35,550.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Veeco Instruments (NASDAQ:VECO)
Latest Headlines for Veeco Instruments (NASDAQ:VECO)
Source:
DateHeadline
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - May 23 at 8:23 PM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) President William John Miller Sells 8,481 Shares
www.americanbankingnews.com - May 23 at 7:46 PM
finance.yahoo.com logoVeeco Instruments, Inc. breached its 50 day moving average in a Bearish Manner : VECO-US : May 18, 2017
finance.yahoo.com - May 18 at 10:54 AM
finance.yahoo.com logoETFs with exposure to Veeco Instruments, Inc. : May 11, 2017
finance.yahoo.com - May 12 at 3:47 AM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Expected to Announce Quarterly Sales of $92.75 Million
www.americanbankingnews.com - May 11 at 11:00 AM
finance.yahoo.com logoVeeco Instruments, Inc. :VECO-US: Earnings Analysis: Q1, 2017 By the Numbers : May 9, 2017
finance.yahoo.com - May 9 at 8:00 PM
americanbankingnews.com logoJohn P. Kiernan Sells 8,836 Shares of Veeco Instruments Inc. (VECO) Stock
www.americanbankingnews.com - May 9 at 7:40 PM
americanbankingnews.com logo Brokerages Anticipate Veeco Instruments Inc. (VECO) Will Announce Earnings of -$0.07 Per Share
www.americanbankingnews.com - May 9 at 2:20 PM
seekingalpha.com logoVeeco Instruments (VECO) Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 6 at 12:54 AM
finance.yahoo.com logoEdited Transcript of VECO earnings conference call or presentation 4-May-17 9:00pm GMT
finance.yahoo.com - May 6 at 12:54 AM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Issues Q2 Earnings Guidance
www.americanbankingnews.com - May 5 at 11:10 PM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Updates Q2 Earnings Guidance
www.americanbankingnews.com - May 5 at 10:47 PM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Releases Quarterly Earnings Results, Hits Expectations
www.americanbankingnews.com - May 5 at 6:24 PM
finance.yahoo.com logoInvestor Network: Veeco Instruments Inc. to Host Earnings Call
finance.yahoo.com - May 5 at 3:12 AM
finance.yahoo.com logoVeeco Reports First Quarter 2017 Financial Results
finance.yahoo.com - May 5 at 3:12 AM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Releases Q2 Earnings Guidance
www.americanbankingnews.com - May 4 at 9:24 PM
marketbeat.com logoVeeco beats Street 1Q forecasts
marketbeat.com - May 4 at 4:48 PM
bizjournals.com logoResearch Reports Coverage on Semiconductor Stocks -- Entegris, Veeco Instruments, Brooks Automation, and Kulicke and Soffa Industries
www.bizjournals.com - May 4 at 9:53 AM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Set to Announce Quarterly Earnings on Thursday
www.americanbankingnews.com - May 2 at 2:42 PM
americanbankingnews.com logoVeeco Instruments (VECO) Earning Favorable Press Coverage, Study Finds
www.americanbankingnews.com - May 2 at 2:40 PM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Given Average Recommendation of "Buy" by Analysts
www.americanbankingnews.com - April 29 at 1:13 AM
americanbankingnews.com logoVeeco Instruments (VECO) Given Daily News Sentiment Score of 0.27
www.americanbankingnews.com - April 27 at 12:02 PM
americanbankingnews.com logoFavorable News Coverage Very Likely to Impact Veeco Instruments (VECO) Stock Price
www.americanbankingnews.com - April 24 at 12:35 PM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) PT Raised to $36.00 at Needham & Company LLC
www.americanbankingnews.com - April 24 at 10:39 AM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Given "Buy" Rating at Stifel Nicolaus
www.americanbankingnews.com - April 23 at 9:53 AM
americanbankingnews.com logoVeeco Instruments (VECO) Earns Coverage Optimism Score of 0.07
www.americanbankingnews.com - April 21 at 8:00 PM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Stock Rating Reaffirmed by Benchmark Co.
www.americanbankingnews.com - April 21 at 9:55 AM
nasdaq.com logoInteresting VECO Put And Call Options For May 19th
www.nasdaq.com - April 21 at 12:04 AM
americanbankingnews.com logoZacks: Analysts Anticipate Veeco Instruments Inc. (VECO) Will Announce Quarterly Sales of $93.38 Million
www.americanbankingnews.com - April 20 at 12:16 PM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - April 20 at 7:17 AM
americanbankingnews.com logo Analysts Expect Veeco Instruments Inc. (VECO) Will Announce Earnings of -$0.01 Per Share
www.americanbankingnews.com - April 18 at 6:22 PM
finance.yahoo.com logoVeeco Announces Date for First Quarter 2017 Financial Results and Conference Call
finance.yahoo.com - April 18 at 8:29 AM
americanbankingnews.com logoVeeco Instruments (VECO) Given News Impact Score of 0.31
www.americanbankingnews.com - April 17 at 10:55 AM
finance.yahoo.com logoVeeco Instruments, Inc. breached its 50 day moving average in a Bearish Manner : VECO-US : April 14, 2017
finance.yahoo.com - April 14 at 8:53 AM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Sees Large Increase in Short Interest
www.americanbankingnews.com - April 6 at 1:28 PM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - April 6 at 10:04 AM
americanbankingnews.com logoVeeco Instruments Inc. (VECO) Raised to Buy at Zacks Investment Research
www.americanbankingnews.com - April 4 at 12:43 PM
finance.yahoo.com logoIncreased Earnings Estimates Seen for Veeco Instruments (VECO): Can It Move Higher?
finance.yahoo.com - March 16 at 5:50 AM
finance.yahoo.com logoIs Veeco (VECO) Stock a Solid Choice Right Now?
finance.yahoo.com - March 9 at 11:08 PM
biz.yahoo.com logoVEECO INSTRUMENTS INC Files SEC form 10-K, Annual Report
biz.yahoo.com - February 23 at 3:07 AM
us.rd.yahoo.com logoVeeco and Ultratech Announce Early Termination of Hart-Scott-Rodino Waiting Period
us.rd.yahoo.com - February 21 at 4:23 PM
biz.yahoo.com logoQ4 2016 Veeco Instruments Inc Earnings Release - After Market Close
us.rd.yahoo.com - February 18 at 11:28 AM
us.rd.yahoo.com logoVeeco Reports Fourth Quarter and Fiscal Year 2016 Financial Results
us.rd.yahoo.com - February 18 at 11:28 AM
us.rd.yahoo.com logo4:10 pm Veeco Instruments beats by $0.02, reports revs in-line; guides Q1 EPS in-line, revs in-line
us.rd.yahoo.com - February 18 at 11:28 AM
biz.yahoo.com logoVEECO INSTRUMENTS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh
us.rd.yahoo.com - February 18 at 11:28 AM
biz.yahoo.com logoVEECO INSTRUMENTS INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
biz.yahoo.com - February 17 at 5:01 PM
seekingalpha.com logoVeeco Instruments (VECO) Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 17 at 5:58 AM
finance.yahoo.com logoEdited Transcript of VECO earnings conference call or presentation 16-Feb-17 10:00pm GMT
finance.yahoo.com - February 17 at 5:58 AM
nasdaq.com logoVeeco Instruments To Buy Ultratech In $815 Mln Deal
www.nasdaq.com - February 4 at 6:07 AM
streetinsider.com logoVeeco Instruments (VECO) to Acquire Ultratech (UTEK) in $815 Cash and Stock Deal
www.streetinsider.com - February 4 at 6:07 AM

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Veeco Instruments (VECO) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff