NASDAQ:VECO - Veeco Instruments Stock Price, News & Analysis

$11.60
+0.24 (+2.11 %)
(As of 09/17/2019 04:00 PM ET)
Today's Range
$11.12
Now: $11.60
$11.62
50-Day Range
$9.00
MA: $10.66
$12.17
52-Week Range
$6.27
Now: $11.60
$15.00
Volume166,600 shs
Average Volume327,531 shs
Market Capitalization$568.06 million
P/E RatioN/A
Dividend YieldN/A
Beta1.31
Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. It offers metal organic chemical vapor deposition systems; packaging lithography equipment; precision surface processing systems; laser annealing systems; ion beam deposition and etch systems; molecular beam epitaxy systems; 3D wafer inspection systems; and atomic layer deposition and other deposition systems. Read More…

Industry, Sector and Symbol

Industry Special industry machinery, not elsewhere classified
Sub-IndustrySemiconductor Equipment
SectorComputer and Technology
Current SymbolNASDAQ:VECO
CUSIP92241710
Phone516-677-0200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$542.08 million
Cash Flow$1.0339 per share
Book Value$9.16 per share

Profitability

Net Income$-407,090,000.00

Miscellaneous

Employees1,043
Market Cap$568.06 million
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable

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Veeco Instruments (NASDAQ:VECO) Frequently Asked Questions

What is Veeco Instruments' stock symbol?

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

How will Veeco Instruments' stock buyback program work?

Veeco Instruments declared that its board has authorized a share buyback program on Wednesday, December 13th 2017, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

How were Veeco Instruments' earnings last quarter?

Veeco Instruments Inc. (NASDAQ:VECO) released its quarterly earnings data on Monday, August, 5th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.14) by $0.02. The semiconductor company had revenue of $97.80 million for the quarter, compared to the consensus estimate of $101.43 million. Veeco Instruments had a negative return on equity of 5.61% and a negative net margin of 44.39%. The business's quarterly revenue was down 38.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. View Veeco Instruments' Earnings History.

When is Veeco Instruments' next earnings date?

Veeco Instruments is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Veeco Instruments.

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

Veeco Instruments updated its third quarter earnings guidance on Monday, August, 5th. The company provided EPS guidance of ($0.10)-$0.10 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.01). The company issued revenue guidance of $95-$115 million, compared to the consensus revenue estimate of $107.67 million.

What price target have analysts set for VECO?

3 brokers have issued 12-month price objectives for Veeco Instruments' shares. Their predictions range from $12.00 to $19.00. On average, they anticipate Veeco Instruments' share price to reach $15.3333 in the next year. This suggests a possible upside of 32.2% from the stock's current price. View Analyst Price Targets for Veeco Instruments.

What is the consensus analysts' recommendation for Veeco Instruments?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeco Instruments in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (9/13/2019)
  • 2. Benchmark Co. analysts commented, "We hosted Veeco in mid-Atlantic investor meetings with Veeco CEO William Miller and head of investor relations Anthony Bencivenga." (5/16/2019)
  • 3. Northland Securities analysts commented, "We expect VECO to report revenue in the upper half of guidance of $85M to $105M and above the mid point of non- GAAP EPS guidance of ($0.30) to ($0.10). This is above our estimate of ($0.23) on $100M and consensus of ($0.21) on $96M. More importantly we expect numbers to move higher on a mix shift to higher margin sales going forward. In particular, we believe demand for Ion Beam deposition for HDD and EUV mask blanks will be strong for the foreseeable future. We believe these product gross margins is significantly higher than mid 30% and likely in the high 40% or low 50% range. In addition, we expect higher volumes should also help to expand gross margins moving throughout the year." (5/6/2019)

Has Veeco Instruments been receiving favorable news coverage?

News stories about VECO stock have trended negative on Tuesday, according to InfoTrie. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Veeco Instruments earned a media sentiment score of -2.9 on InfoTrie's scale. They also gave news coverage about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Veeco Instruments.

Are investors shorting Veeco Instruments?

Veeco Instruments saw a drop in short interest during the month of August. As of August 15th, there was short interest totalling 1,819,600 shares, a drop of 23.5% from the July 15th total of 2,378,000 shares. Based on an average daily trading volume, of 351,600 shares, the short-interest ratio is currently 5.2 days. Approximately 3.9% of the company's shares are sold short. View Veeco Instruments' Current Options Chain.

Who are some of Veeco Instruments' key competitors?

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), Advanced Micro Devices (AMD), Finisar (FNSR), Intel (INTC), Energy Transfer LP Unit (ET), General Electric (GE), Cypress Semiconductor (CY), AT&T (T), ABIOMED (ABMD) and Activision Blizzard (ATVI).

Who are Veeco Instruments' key executives?

Veeco Instruments' management team includes the folowing people:
  • Mr. John R. Peeler, Exec. Chairman (Age 64)
  • Dr. William John Miller, CEO & Director (Age 51)
  • Mr. Shubham Maheshwari, Exec. VP, CFO & COO (Age 47)
  • Mr. John P. Kiernan, Sr. VP of Fin., Chief Accounting Officer & Treasurer (Age 57)
  • Mr. Ajit Paranjpe, Chief Technology Officer (Age 56)

Who are Veeco Instruments' major shareholders?

Veeco Instruments' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.04%), Invesco Ltd. (9.72%), River & Mercantile Asset Management LLP (4.82%), Fisher Asset Management LLC (2.69%), D. E. Shaw & Co. Inc. (2.48%) and Renaissance Technologies LLC (1.81%). 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.

Which institutional investors are selling Veeco Instruments stock?

VECO stock was sold by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Bank of America Corp DE, Carlson Capital L P, River & Mercantile Asset Management LLP, Pinebridge Investments L.P., Fisher Asset Management LLC, Westpac Banking Corp and Alambic Investment Management L.P.. View Insider Buying and Selling for Veeco Instruments.

Which institutional investors are buying Veeco Instruments stock?

VECO stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Nuveen Asset Management LLC, Renaissance Technologies LLC, Morgan Stanley, Panagora Asset Management Inc., D. E. Shaw & Co. Inc., HighTower Advisors LLC and Vanguard Group Inc.. Company insiders that have bought Veeco Instruments stock in the last two years include John P Kiernan, John R Peeler, Shubham Maheshwari and William John Miller. View Insider Buying and Selling for Veeco Instruments.

How do I buy shares of Veeco Instruments?

Shares of VECO 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, Robinhood, Fidelity and Charles Schwab.

What is Veeco Instruments' stock price today?

One share of VECO stock can currently be purchased for approximately $11.60.

How big of a company is Veeco Instruments?

Veeco Instruments has a market capitalization of $568.06 million and generates $542.08 million in revenue each year. The semiconductor company earns $-407,090,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis. Veeco Instruments employs 1,043 workers across the globe.View Additional Information About Veeco Instruments.

What is Veeco Instruments' official website?

The official website for Veeco Instruments is http://www.veeco.com/.

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 (NASDAQ VECO)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  379 (Vote Outperform)
Underperform Votes:  616 (Vote Underperform)
Total Votes:  995
MarketBeat's community ratings are surveys of what our community members think about Veeco Instruments and other stocks. Vote "Outperform" if you believe VECO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VECO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/17/2019 by MarketBeat.com Staff

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