About Veeco Instruments (NASDAQ:VECO)
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
SectorComputer and Technology
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$332.45 million
Price / Sales2.41
Cash Flow$0.14 per share
Price / Cash121.54
Book Value$17.50 per share
Price / Book0.95
Return on Equity-0.73%
Return on Assets-0.47%
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) issued its quarterly earnings data on Thursday, November, 2nd. The semiconductor company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.16. The semiconductor company had revenue of $131.87 million for the quarter, compared to analyst estimates of $134.97 million. Veeco Instruments had a negative net margin of 10.16% and a negative return on equity of 0.73%. The business's revenue for the quarter was up 54.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) EPS. 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 fourth quarter earnings guidance on Thursday, November, 2nd. The company provided earnings per share (EPS) guidance of $0.00-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.17. The company issued revenue guidance of $135-155 million, compared to the consensus revenue estimate of $146.60 million.
Where is Veeco Instruments' stock going? Where will Veeco Instruments' stock price be in 2017?
8 brokerages have issued 12-month price objectives for Veeco Instruments' stock. Their forecasts range from $21.00 to $39.00. On average, they anticipate Veeco Instruments' share price to reach $28.50 in the next twelve months. View Analyst Ratings for Veeco Instruments.
What are Wall Street 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. is engaged in the design, development, manufacture and support of thin film process equipment, primarily sold to make electronic devices. Veeco's process equipment solutions enable the manufacture of LEDs, power electronics, hard drives, MEMS and wireless chips. They are the market leader in MOCVD, MBE, Ion Beam and other advanced thin film process technologies. 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 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. The Company's original name Veeco stood for Vacuum Electronic Equipment Company. " (11/7/2017)
- 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?
Some companies that are related to Veeco Instruments include Benchmark Electronics (BHE), Diodes Incorporated (DIOD), Celestica (CLS), CEVA (CEVA), Rda Microelectronics (RDA), Micrel, Incorporated (MCRL), Lattice Semiconductor Corporation (LSCC), Nova Measuring Instruments (NVMI), EZchip Semiconductor Ltd (EZCH), Exar (EXAR), Silicon Image (SIMG), MagnaChip Semiconductor Corporation (MX), Vimicro International (VIMC), AXT (AXTI), Alliance Fiber Optic Products (AFOP), Kopin (KOPN), Sparton Corporation (SPA) and Pixelworks (PXLW).
Who are Veeco Instruments' key executives?
Veeco Instruments' management team includes the folowing people:
- John R. Peeler, Chairman of the Board, Chief Executive Officer (Age 62)
- William J. Miller Ph.D., President (Age 48)
- Shubham Maheshwari, Chief Financial Officer, Executive Vice President - Finance (Age 45)
- John P. Kiernan, Senior Vice President - Finance, Chief Accounting Officer, Treasurer, Corporate Controller (Age 54)
- Shanye K. Hudson, Vice President, IR Contact Officer
- Kathleen A. Bayless CPA., , Independent Director (Age 60)
- Richard A. D'Amore, Lead Independent Director (Age 63)
- Gordon B. Hunter, Independent Director (Age 65)
- Keith D. Jackson, Independent Director (Age 61)
- Peter J. Simone, Independent Director (Age 69)
Who owns Veeco Instruments stock?
Veeco Instruments' stock is owned by many different of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.11%), Frontier Capital Management Co. LLC (5.36%), Eagle Asset Management Inc. (4.92%), Fisher Asset Management LLC (3.01%), Neuberger Berman Group LLC (2.62%) and Baillie Gifford & Co. (1.92%). 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 Eagle Asset Management Inc., Systematic Financial Management LP, First Trust Advisors LP, Comerica Bank, Ameriprise Financial Inc., Fisher Asset Management LLC, KBC Group NV and Schwab Charles Investment Management Inc.. Company insiders that have sold Veeco Instruments company 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 purchased by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Royce & Associates LP, Candriam Luxembourg S.C.A., Dimensional Fund Advisors LP, Neuberger Berman Group LLC, Rice Hall James & Associates LLC, Columbus Circle Investors and Peregrine Capital Management LLC. 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 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 Veeco Instruments stock can currently be purchased for approximately $16.60.
How big of a company is Veeco Instruments?
Veeco Instruments has a market capitalization of $811.47 million and generates $332.45 million in revenue each year. The semiconductor company earns $-122,210,000.00 in net income (profit) each year or ($1.00) on an earnings per share basis. Veeco Instruments employs 716 workers across the globe.
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 (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.
Analysts' Consensus Rating for Veeco Instruments (NASDAQ:VECO) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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: ||0 Sell Ratings, 3 Hold Ratings, 5 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.63)|
|Consensus Price Target: ||$28.50 (71.69% upside)|
Consensus Price Target History for Veeco Instruments (NASDAQ:VECO)
Analysts' Ratings History for Veeco Instruments (NASDAQ:VECO)
(Data available from 11/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/3/2017||Needham & Company LLC||Reiterated Rating||Buy||$22.00||N/A|
|11/3/2017||Benchmark Co.||Reiterated Rating||Buy||$23.00||N/A|
|8/30/2017||Deutsche Bank AG||Set Price Target||Hold||$30.00 -> $21.00||Medium|
|8/9/2017||Stifel Nicolaus||Reiterated Rating||Buy||$38.00 -> $36.00||Low|
|6/13/2017||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$35.00 -> $39.00||High|
|2/10/2017||Bank of America Corporation||Upgrade||Neutral -> Buy||$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|
Earnings History and Estimates Chart 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|
|11/2/2017||Q3 2017||($0.07)||$0.09||$134.97 million||$131.87 million||View||N/A|
|8/3/2017||Q2 2017||($0.10)||($0.07)||$110.87 million||$115.07 million||View||Listen|
|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: $-0.01 EPS
Next Year EPS Consensus Estimate: $0.3 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%
Institutional Ownership Percentage: 95.41%
Insider Trades by Quarter for Veeco Instruments (NASDAQ VECO)
(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|| |
Latest Headlines for Veeco Instruments (NASDAQ VECO)
|Veeco Preliminary Injunction Confirmed After Challenge|
finance.yahoo.com - November 18 at 10:00 AM
|ETFs with exposure to Veeco Instruments, Inc. : November 17, 2017|
finance.yahoo.com - November 18 at 10:00 AM
|Veeco Instruments Inc. (VECO) Expected to Announce Quarterly Sales of $143.69 Million|
www.americanbankingnews.com - November 17 at 6:04 AM
|Veeco Instruments Inc. (VECO) Receives Average Rating of "Hold" from Brokerages|
www.americanbankingnews.com - November 16 at 5:06 PM
|Veeco Instruments Inc. (VECO) Expected to Post Earnings of $0.09 Per Share|
www.americanbankingnews.com - November 15 at 1:34 PM
|Comparing Freescale Semiconductor (FSL) & Veeco Instruments (VECO)|
www.americanbankingnews.com - November 11 at 1:28 AM
|Veeco Instruments Inc. (VECO) Downgraded by Zacks Investment Research|
www.americanbankingnews.com - November 7 at 12:46 PM
|Needham & Company LLC Reaffirms "Buy" Rating for Veeco Instruments Inc. (VECO)|
www.americanbankingnews.com - November 3 at 11:58 PM
|Edited Transcript of VECO earnings conference call or presentation 2-Nov-17 9:00pm GMT|
finance.yahoo.com - November 3 at 10:04 AM
|Veeco Instruments Inc. (VECO) Stock Rating Reaffirmed by Benchmark Co.|
www.americanbankingnews.com - November 3 at 8:52 AM
|Veeco Reports Third Quarter 2017 Financial Results|
finance.yahoo.com - November 2 at 8:45 PM
|Veeco Wins Preliminary Injunction in Patent Infringement Lawsuit|
finance.yahoo.com - November 2 at 8:45 PM
|Veeco Instruments Inc. (VECO) Issues Quarterly Earnings Results|
www.americanbankingnews.com - November 2 at 7:50 PM
|Veeco Instruments Inc. (VECO) Updates Q4 Earnings Guidance|
www.americanbankingnews.com - November 2 at 6:44 PM
|Veeco Instruments (VECO) vs. The Competition Critical Review|
www.americanbankingnews.com - October 31 at 5:24 PM
|Veeco Instruments Inc. (VECO) Scheduled to Post Quarterly Earnings on Thursday|
www.americanbankingnews.com - October 26 at 2:40 AM
|Veeco Instruments, Inc. breached its 50 day moving average in a Bearish Manner : VECO-US : October 25, 2017|
finance.yahoo.com - October 25 at 3:56 PM
|ETFs with exposure to Veeco Instruments, Inc. : October 25, 2017|
finance.yahoo.com - October 25 at 3:56 PM
|Veeco's Core Business Faces A 'Triple Threat,' Market Slowdown In 2018|
www.benzinga.com - October 24 at 9:11 PM
|Veeco Instruments (VECO) vs. Resonant (RESN) Critical Review|
www.americanbankingnews.com - October 23 at 2:12 PM
|Veeco Instruments Inc. (VECO) Receives Average Rating of "Hold" from Analysts|
www.americanbankingnews.com - October 22 at 8:58 PM
|Analyzing Netlist (NLST) & Veeco Instruments (VECO)|
www.americanbankingnews.com - October 17 at 2:08 PM
|Veeco Instruments (VECO) and Its Peers Financial Contrast|
www.americanbankingnews.com - October 16 at 8:52 AM
|Veeco Announces Date for Third Quarter 2017 Financial Results and Upcoming Investor Relations Events|
finance.yahoo.com - October 13 at 9:52 AM
|Veeco Instruments, Inc. – Value Analysis (NASDAQ:VECO) : October 10, 2017|
finance.yahoo.com - October 11 at 9:15 AM
|Zacks: Brokerages Anticipate Veeco Instruments Inc. (VECO) Will Announce Quarterly Sales of $133.29 Million|
www.americanbankingnews.com - October 9 at 12:38 PM
|Veeco Instruments, Inc. breached its 50 day moving average in a Bullish Manner : VECO-US : October 9, 2017|
finance.yahoo.com - October 9 at 9:02 AM
|Veeco Instruments Inc. (VECO) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - October 5 at 11:58 PM
|Veeco Instruments Inc. (VECO) Given "Buy" Rating at Benchmark Co.|
www.americanbankingnews.com - October 5 at 3:46 PM
|Veeco Ships Next Generation MOCVD Systems to China for High Volume LED Production|
finance.yahoo.com - October 3 at 2:32 PM
|Veeco Instruments Inc. (VECO) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - September 27 at 8:42 PM
|ETFs with exposure to Veeco Instruments, Inc. : September 6, 2017|
finance.yahoo.com - September 6 at 9:51 AM
|Veeco Instruments Inc. (VECO) Given Consensus Rating of "Hold" by Brokerages|
www.americanbankingnews.com - September 2 at 9:08 PM
|$133.15 Million in Sales Expected for Veeco Instruments Inc. (VECO) This Quarter|
www.americanbankingnews.com - September 1 at 6:04 AM
|Deutsche Bank AG Analysts Give Veeco Instruments Inc. (VECO) a $21.00 Price Target|
www.americanbankingnews.com - August 30 at 10:34 PM
|Veeco Instruments Inc. (VECO) PT Lowered to $21 at Deutsche Bank Following Channel Checks|
www.streetinsider.com - August 30 at 3:37 PM
|Veeco Instruments Inc. (VECO) Price Target Cut to $27.00|
www.americanbankingnews.com - August 30 at 10:28 AM
|ETFs with exposure to Veeco Instruments, Inc. : August 25, 2017|
finance.yahoo.com - August 25 at 8:27 PM
|Veeco Instruments Inc. (VECO) PT Lowered to $31.00 at KeyCorp|
www.americanbankingnews.com - August 18 at 5:08 PM
|Veeco Instruments, Inc. :VECO-US: Earnings Analysis: Q2, 2017 By the Numbers : August 16, 2017|
finance.yahoo.com - August 17 at 8:58 AM
|-$0.09 EPS Expected for Veeco Instruments Inc. (NASDAQ:VECO) This Quarter|
www.americanbankingnews.com - August 12 at 2:04 PM
|See what the IHS Markit Score report has to say about Veeco Instruments Inc.|
finance.yahoo.com - August 10 at 3:33 PM
|Veeco Instruments Inc. (NASDAQ:VECO) Stock Rating Reaffirmed by Stifel Nicolaus|
www.americanbankingnews.com - August 9 at 3:26 PM
|Veeco Instruments Inc. (NASDAQ:VECO) Receives Average Rating of "Hold" from Analysts|
www.americanbankingnews.com - August 8 at 8:40 PM
|Why Shares of Veeco Instruments Tumbled Today|
www.fool.com - August 4 at 2:03 PM
|Veeco Instruments Inc. (NASDAQ:VECO) Rating Lowered to Hold at Deutsche Bank AG|
www.americanbankingnews.com - August 4 at 9:42 AM
|Veeco Instruments, Inc. breached its 50 day moving average in a Bearish Manner : VECO-US : August 3, 2017|
finance.yahoo.com - August 4 at 9:41 AM
|Veeco Reports Second Quarter 2017 Financial Results|
finance.yahoo.com - August 4 at 9:41 AM
|Edited Transcript of VECO earnings conference call or presentation 3-Aug-17 9:00pm GMT|
finance.yahoo.com - August 4 at 9:41 AM
|Veeco Instruments Inc. (NASDAQ:VECO) Issues Earnings Results, Beats Estimates By $0.11 EPS|
www.americanbankingnews.com - August 3 at 9:20 PM
Veeco Instruments (NASDAQ VECO) Chart for Thursday, November, 23, 2017