Veeco Instruments - VECO Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Veeco Instruments in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" VECO shares.
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4 Wall Street analysts have issued 12-month price objectives for Veeco Instruments' shares. Their VECO share price forecasts range from $18.00 to $25.00. On average, they predict the company's stock price to reach $21.50 in the next twelve months. This suggests a possible upside of 1.8% from the stock's current price.
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Veeco Instruments' stock was trading at $18.58 at the beginning of the year. Since then, VECO stock has increased by 13.7% and is now trading at $21.13.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our VECO earnings forecast.

Veeco Instruments Inc. (NASDAQ:VECO) announced its earnings results on Wednesday, February, 15th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.03. The semiconductor company had revenue of $153.80 million for the quarter, compared to analyst estimates of $161 million. Veeco Instruments had a trailing twelve-month return on equity of 14.98% and a net margin of 25.84%.

ETFs with the largest weight of Veeco Instruments (NASDAQ:VECO) stock in their portfolio include ProShares Nanotechnology ETF (TINY), Invesco S&P SmallCap Information Technology ETF (PSCT), Invesco Nasdaq Future Gen 200 ETF (QQQS), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Pacer US Small Cap Cash Cows 100 ETF (CALF), SPDR S&P 600 Small Cap Growth ETF (SLYG), Barrons 400 ETF (BFOR) and iShares S&P Small-Cap 600 Growth ETF (IJT).

Veeco Instruments issued an update on its first quarter earnings guidance on Wednesday, February, 15th. The company provided EPS guidance of $0.12-$0.28 for the period, compared to the consensus estimate of $0.27. The company issued revenue guidance of $130-$150 million, compared to the consensus revenue estimate of $158.99 million.

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.

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).

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

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.
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One share of VECO stock can currently be purchased for approximately $21.13.

Veeco Instruments (NASDAQ:VECO) has a market capitalization of $1.09 billion and generates $646.14 million in revenue each year. The semiconductor company earns $166.94 million in net income (profit) each year or $2.69 on an earnings per share basis.

The company employs 1,221 workers across the globe.

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.