Veeco 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: Semiconductors - NEC
- Sub-Industry: Semiconductor Equipment
- Symbol: NASDAQ:VECO
- CUSIP: 92241710
- Web: www.veeco.com
- Market Cap: $1.31 billion
- Outstanding Shares: 40,578,000
- 50 Day Moving Avg: $29.90
- 200 Day Moving Avg: $29.38
- 52 Week Range: $16.37 - $34.38
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 15.81
- P/E Growth: 0.21
- Annual Revenue: $348.83 million
- Price / Sales: 3.75
- Book Value: $16.39 per share
- Price / Book: 1.97
- EBIDTA: ($4,480,000.00)
- Net Margins: -30.27%
- Return on Equity: -2.77%
- Return on Assets: -2.04%
- Debt-to-Equity Ratio: 0.40%
- Current Ratio: 6.19%
- Quick Ratio: 5.71%
- Average Volume: 468,511 shs.
- Beta: 0.62
- Short Ratio: 5.94
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 data on Thursday, May, 4th. The company reported ($0.01) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.01). The firm had revenue of $94.39 million for the quarter, compared to analyst estimates of $94.50 million. Veeco Instruments had a negative net margin of 30.27% and a negative return on equity of 2.77%. The business's quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.15) earnings per share. View Veeco Instruments' Earnings History.
When will Veeco Instruments make its next earnings announcement?
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 earnings per share guidance of ($0.05)-$0.09 for the period, compared to the Thomson Reuters consensus 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?
8 analysts have issued 12 month price objectives for Veeco Instruments' stock. Their forecasts range from $24.00 to $39.00. On average, they expect Veeco Instruments' share price to reach $34.29 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. " (7/22/2017)
- 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)
Are investors shorting Veeco Instruments?
Veeco Instruments saw a decline in short interest in June. As of June 15th, there was short interest totalling 3,074,442 shares, a decline of 39.1% from the May 31st total of 5,051,892 shares. Based on an average daily trading volume, of 532,890 shares, the days-to-cover ratio is presently 5.8 days. Approximately 7.7% of the company's shares are sold short.
Who are some of Veeco Instruments' key competitors?
Some companies that are related to Veeco Instruments include Semtech Corporation (SMTC), Cree (CREE), Tower Semiconductor (TSEM), Power Integrations (POWI), Mellanox Technologies (MLNX), Rogers Corporation (ROG), Cabot Microelectronics Corporation (CCMP), Celestica (CLS), Plexus Corp. (PLXS), MaxLinear (MXL), Ambarella (AMBA), Benchmark Electronics (BHE), Inphi Corporation (IPHI), Silicon Motion Technology Corporation (SIMO), Himax Technologies (HIMX), Diodes Incorporated (DIOD), CEVA (CEVA) and Lattice Semiconductor Corporation (LSCC).
Who are Veeco Instruments' key executives?
Veeco Instruments' management team includes the folowing people:
- John R. Peeler, Chairman of the Board, Chief Executive Officer
- William J. Miller Ph.D., President
- Shubham Maheshwari, Chief Financial Officer, Executive Vice President - Finance
- John P. Kiernan, Senior Vice President - Finance, Chief Accounting Officer, Treasurer, Corporate Controller
- Shanye K. Hudson, Vice President, IR Contact Officer
- Kathleen A. Bayless CPA.,, Independent Director
- Richard A. D'Amore, Lead Independent Director
- Gordon B. Hunter, Independent Director
- Keith D. Jackson, Independent Director
- Peter J. Simone, Independent Director
Who owns Veeco Instruments stock?
Veeco Instruments' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (3.65%), Peregrine Capital Management LLC (1.03%), Pinnacle Advisory Group Inc. (0.69%), Value Holdings Management CO. LLC (0.12%), Louisiana State Employees Retirement System (0.05%) and Fox Run Management L.L.C. (0.03%). Company insiders that own Veeco Instruments stock include John P Kiernan, Peter J Simone, 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 Fisher Asset Management LLC and Value Holdings Management CO. LLC. Company insiders that have sold Veeco Instruments stock in the last year include John P Kiernan, Peter J Simone, 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 bought by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C., Prescott Group Capital Management L.L.C., Peregrine Capital Management LLC, Nisa Investment Advisors LLC, State of Alaska Department of Revenue, Louisiana State Employees Retirement System, Capstone Asset Management Co. and Bank of Montreal Can. 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.
What is Veeco Instruments' stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Veeco Instruments stock can currently be purchased for approximately $32.25.
Consensus Ratings for Veeco Instruments (NASDAQ:VECO) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 7 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.88)|
|Consensus Price Target: ||$34.29 (6.31% upside)|
Analysts' Ratings History for Veeco Instruments (NASDAQ:VECO)
(Data available from 7/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/21/2017||Stifel Nicolaus||Reiterated Rating||Buy||$36.00 -> $38.00||Low|
|6/13/2017||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$35.00 -> $39.00||High|
|4/24/2017||Needham & Company LLC||Reiterated Rating||Buy -> Buy||$30.00 -> $36.00||High|
|4/21/2017||Benchmark Co.||Reiterated Rating||Buy||$39.00||High|
|2/10/2017||Bank of America Corporation||Upgrade||Neutral -> Buy||$32.00||N/A|
|1/12/2017||Deutsche Bank AG||Reiterated Rating||Buy||$28.00 -> $32.00||N/A|
|1/12/2017||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Neutral||$24.00||N/A|
|11/16/2016||Pacific Crest||Reiterated Rating||Buy||N/A|
|4/4/2016||Berenberg Bank||Set Price Target||Buy||$41.00||N/A|
|4/4/2016||Summit Research||Upgrade||Sell -> Hold||$12.00 -> $23.00||N/A|
|2/23/2016||Piper Jaffray Companies||Reiterated Rating||Hold||$22.00 -> $20.00||N/A|
|2/23/2016||Canaccord Genuity||Reiterated Rating||Hold||$18.00 -> $14.00||N/A|
|8/4/2015||Oppenheimer Holdings, Inc.||Reiterated Rating||Market Perform||N/A|
Earnings History for Veeco Instruments (NASDAQ:VECO)Earnings History by Quarter for Veeco Instruments (NASDAQ VECO)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/4/2017||Q1 2017||($0.01)||($0.01)||$94.50 million||$94.39 million||View||Listen|
|2/16/2017||Q4 2016||$0.07||$0.09||$93.41 million||$93.60 million||View||N/A|
|11/1/2016||Q316||($0.18)||($0.05)||$80.72 million||$85.50 million||View||N/A|
|8/1/2016||Q216||($0.20)||($0.19)||$76.30 million||$75.30 million||View||N/A|
|5/4/2016||Q116||($0.26)||($0.15)||$76.17 million||$78.00 million||View||N/A|
|2/22/2016||Q415||($0.02)||$0.01||$99.84 million||$1.07 billion||View||Listen|
|10/28/2015||Q315||$0.30||$0.33||$145.19 million||$140.70 million||View||Listen|
|8/3/2015||Q215||$0.17||$0.20||$127.26 million||$131.41 million||View||N/A|
|5/6/2015||Q115||($0.11)||($0.01)||$96.90 million||$98.30 million||View||N/A|
|2/17/2015||Q414||$0.04||$0.13||$108.32 million||$113.60 million||View||N/A|
|10/29/2014||Q314||($0.12)||($0.02)||$96.60 million||$93.30 million||View||N/A|
|7/30/2014||Q214||($0.18)||($0.16)||$92.84 million||$95.10 million||View||N/A|
|5/5/2014||Q114||($0.16)||($0.06)||$89.38 million||$90.84 million||View||Listen|
|2/19/2014||Q413||($0.33)||($0.42)||$69.81 million||$73.20 million||View||Listen|
|11/11/2013||Q313||($0.03)||($0.08)||$94.04 million||$99.30 million||View||Listen|
Earnings Estimates for Veeco Instruments (NASDAQ:VECO)
Current Year EPS Consensus Estimate: $1.06 EPS
Next Year EPS Consensus Estimate: $2.04 EPS
Dividend History for Veeco Instruments (NASDAQ:VECO)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Veeco Instruments (NASDAQ:VECO)
Insider Ownership Percentage: 2.90%Insider Trades by Quarter for Veeco Instruments (NASDAQ:VECO)
Institutional Ownership Percentage: 86.73%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/30/2017||Peter J Simone||Director||Sell||4,257||$31.91||$135,840.87|| |
|5/19/2017||William John Miller||President||Sell||8,481||$31.51||$267,236.31|| |
|5/8/2017||John P Kiernan||SVP||Sell||8,836||$32.44||$286,639.84|| |
|12/15/2016||Shubham Maheshwari||CFO||Sell||2,250||$30.00||$67,500.00|| |
|12/7/2015||William John Miller||EVP||Sell||1,210||$19.60||$23,716.00|| |
|6/15/2015||William John Miller||EVP||Sell||2,227||$30.65||$68,257.55|| |
|6/8/2015||John R Peeler||CEO||Sell||44,418||$30.87||$1,371,183.66|| |
|12/12/2014||Peter J Simone||Director||Sell||5,000||$36.86||$184,300.00|| |
|12/11/2014||William John Miller||EVP||Sell||47,702||$37.03||$1,766,405.06|| |
|4/3/2014||John Kiernan||SVP||Sell||1,000||$44.00||$44,000.00|| |
|4/3/2014||John Peeler||CEO||Sell||5,334||$44.35||$236,562.90|| |
|2/21/2014||David Glass||CFO||Sell||5,120||$40.00||$204,800.00|| |
|2/21/2014||John Kiernan||SVP||Sell||15,046||$39.51||$594,467.46|| |
|2/20/2014||John Peeler||CEO||Sell||20,038||$42.20||$845,603.60|| |
|2/7/2014||William John Miller||EVP||Sell||5,678||$38.33||$217,637.74|| |
|1/22/2014||David Glass||CFO||Sell||58,334||$37.52||$2,188,691.68|| |
|1/9/2014||David Glass||CFO||Sell||12,948||$35.00||$453,180.00|| |
|1/9/2014||Peter Collingwood||SVP||Sell||6,223||$35.00||$217,805.00|| |
|1/9/2014||William John Miller||EVP||Sell||1,000||$35.55||$35,550.00|| |
Headline Trends for Veeco Instruments (NASDAQ:VECO)
Latest Headlines for Veeco Instruments (NASDAQ:VECO)
|Veeco Instruments Inc. (NASDAQ:VECO) Cut to Sell at Zacks Investment Research|
www.americanbankingnews.com - July 22 at 7:12 AM
|Veeco Instruments Inc. (VECO) Earns Buy Rating from Stifel Nicolaus|
www.americanbankingnews.com - July 21 at 1:44 PM
|Veeco Instruments Inc. (NASDAQ:VECO) Receives Average Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - July 14 at 8:20 PM
|Veeco Instruments, Inc. breached its 50 day moving average in a Bullish Manner : VECO-US : July 14, 2017|
finance.yahoo.com - July 14 at 9:43 AM
|Veeco Instruments Inc. (VECO) Upgraded by BidaskClub to "Hold"|
www.americanbankingnews.com - July 13 at 10:20 PM
|Veeco Announces Date for Second Quarter 2017 Financial Results and Conference Call|
finance.yahoo.com - July 13 at 11:12 AM
|ETFs with exposure to Veeco Instruments, Inc. : July 11, 2017|
finance.yahoo.com - July 12 at 8:52 AM
|$98.69 Million in Sales Expected for Veeco Instruments Inc. (VECO) This Quarter|
www.americanbankingnews.com - July 1 at 10:12 AM
|Veeco Instruments Inc. (VECO) Expected to Post Earnings of -$0.08 Per Share|
www.americanbankingnews.com - June 29 at 8:05 AM
|Veeco Instruments Inc. (VECO) Short Interest Down 39.1% in June|
www.americanbankingnews.com - June 29 at 7:13 AM
|Veeco Instruments Inc. (VECO) Receives Average Rating of "Buy" from Analysts|
www.americanbankingnews.com - June 19 at 8:50 PM
|Veeco Instruments Inc. (VECO) Downgraded by BidaskClub to "Sell"|
www.americanbankingnews.com - June 17 at 3:32 PM
|Mid-Morning Market Update: Markets Mostly Flat; H & R Block Profit Tops Views|
feeds.benzinga.com - June 14 at 10:48 AM
|Mid-Morning Market Update: Markets Open Higher; John Wiley Reports Strong Q4 Results|
www.benzinga.com - June 14 at 1:28 AM
|Veeco Instruments, Inc. – Value Analysis (NASDAQ:VECO) : June 13, 2017|
finance.yahoo.com - June 14 at 1:28 AM
|Veeco Instruments Inc. (VECO) Upgraded by J P Morgan Chase & Co to Overweight|
www.americanbankingnews.com - June 13 at 8:14 AM
|Veeco Instruments, Inc. breached its 50 day moving average in a Bearish Manner : VECO-US : June 12, 2017|
finance.yahoo.com - June 12 at 7:57 PM
|Veeco Instruments Inc. (VECO) Lifted to "Hold" at BidaskClub|
www.americanbankingnews.com - June 10 at 4:20 PM
|Veeco Instruments Inc. (VECO) Expected to Announce Earnings of -$0.08 Per Share|
www.americanbankingnews.com - June 5 at 9:40 AM
|Veeco Instruments, Inc. breached its 50 day moving average in a Bearish Manner : VECO-US : June 2, 2017|
finance.yahoo.com - June 2 at 4:02 PM
|Insider Selling: Veeco Instruments Inc. (VECO) Director Sells 4,257 Shares of Stock|
www.americanbankingnews.com - June 1 at 8:14 PM
|Veeco Instruments Inc. (VECO) Given Consensus Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - May 23 at 8:23 PM
|Veeco Instruments Inc. (VECO) President William John Miller Sells 8,481 Shares|
www.americanbankingnews.com - May 23 at 7:46 PM
|Veeco 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
|ETFs with exposure to Veeco Instruments, Inc. : May 11, 2017|
finance.yahoo.com - May 12 at 3:47 AM
|Veeco Instruments Inc. (VECO) Expected to Announce Quarterly Sales of $92.75 Million|
www.americanbankingnews.com - May 11 at 11:00 AM
|Veeco Instruments, Inc. :VECO-US: Earnings Analysis: Q1, 2017 By the Numbers : May 9, 2017|
finance.yahoo.com - May 9 at 8:00 PM
|John P. Kiernan Sells 8,836 Shares of Veeco Instruments Inc. (VECO) Stock|
www.americanbankingnews.com - May 9 at 7:40 PM
| Brokerages Anticipate Veeco Instruments Inc. (VECO) Will Announce Earnings of -$0.07 Per Share|
www.americanbankingnews.com - May 9 at 2:20 PM
|Veeco Instruments (VECO) Q1 2017 Results - Earnings Call Transcript|
seekingalpha.com - May 6 at 12:54 AM
|Edited Transcript of VECO earnings conference call or presentation 4-May-17 9:00pm GMT|
finance.yahoo.com - May 6 at 12:54 AM
|Veeco Instruments Inc. (VECO) Issues Q2 Earnings Guidance|
www.americanbankingnews.com - May 5 at 11:10 PM
|Veeco Instruments Inc. (VECO) Updates Q2 Earnings Guidance|
www.americanbankingnews.com - May 5 at 10:47 PM
|Veeco Instruments Inc. (VECO) Releases Quarterly Earnings Results, Hits Expectations|
www.americanbankingnews.com - May 5 at 6:24 PM
|Investor Network: Veeco Instruments Inc. to Host Earnings Call|
finance.yahoo.com - May 5 at 3:12 AM
|Veeco Reports First Quarter 2017 Financial Results|
finance.yahoo.com - May 5 at 3:12 AM
|Veeco Instruments Inc. (VECO) Releases Q2 Earnings Guidance|
www.americanbankingnews.com - May 4 at 9:24 PM
|Veeco beats Street 1Q forecasts|
marketbeat.com - May 4 at 4:48 PM
|Research Reports Coverage on Semiconductor Stocks -- Entegris, Veeco Instruments, Brooks Automation, and Kulicke and Soffa Industries|
www.bizjournals.com - May 4 at 9:53 AM
|Veeco Instruments Inc. (VECO) Set to Announce Quarterly Earnings on Thursday|
www.americanbankingnews.com - May 2 at 2:42 PM
|Veeco Instruments (VECO) Earning Favorable Press Coverage, Study Finds|
www.americanbankingnews.com - May 2 at 2:40 PM
|Veeco Instruments Inc. (VECO) Given Average Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - April 29 at 1:13 AM
|Veeco Instruments (VECO) Given Daily News Sentiment Score of 0.27|
www.americanbankingnews.com - April 27 at 12:02 PM
|Favorable News Coverage Very Likely to Impact Veeco Instruments (VECO) Stock Price|
www.americanbankingnews.com - April 24 at 12:35 PM
|Veeco Instruments Inc. (VECO) PT Raised to $36.00 at Needham & Company LLC|
www.americanbankingnews.com - April 24 at 10:39 AM
|Veeco Instruments Inc. (VECO) Given "Buy" Rating at Stifel Nicolaus|
www.americanbankingnews.com - April 23 at 9:53 AM
|Veeco Instruments (VECO) Earns Coverage Optimism Score of 0.07|
www.americanbankingnews.com - April 21 at 8:00 PM
|Veeco Instruments Inc. (VECO) Stock Rating Reaffirmed by Benchmark Co.|
www.americanbankingnews.com - April 21 at 9:55 AM
|Interesting VECO Put And Call Options For May 19th|
www.nasdaq.com - April 21 at 12:04 AM
|Zacks: Analysts Anticipate Veeco Instruments Inc. (VECO) Will Announce Quarterly Sales of $93.38 Million|
www.americanbankingnews.com - April 20 at 12:16 PM
Veeco Instruments (VECO) Chart for Saturday, July, 22, 2017