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

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$11.58 -0.15 (-1.28 %)
(As of 05/22/2019 04:00 PM ET)
Previous Close$11.73
Today's Range$11.55 - $11.76
52-Week Range$6.27 - $18.70
Volume172,100 shs
Average Volume327,754 shs
Market Capitalization$563.66 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. The company sells its process equipment systems for use in the production of a range of microelectronic components, including light emitting diodes, micro-electro mechanical systems, radio frequency filters and amplifiers, power electronics, thin film magnetic heads, and laser diodes; and 3D NAND, DRAM, logic, and other semiconductor devices, as well as for research centers and universities. Veeco Instruments Inc. was founded in 1989 and is headquartered in Plainview, New York.

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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$0.9331 per share
Book Value$8.67 per share

Profitability

Net Income$-407,090,000.00

Miscellaneous

Employees1,043
Market Cap$563.66 million
Next Earnings Date8/1/2019 (Estimated)
OptionableOptionable

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 announced that its board has authorized a share buyback program on Wednesday, December 13th 2017, which permits the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often 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, May, 6th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.30) by $0.09. The semiconductor company earned $99.37 million during the quarter, compared to analyst estimates of $96.75 million. Veeco Instruments had a negative net margin of 84.86% and a negative return on equity of 3.17%. The company's revenue for the quarter was down 37.3% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. 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, August 1st 2019. View Earnings Estimates for Veeco Instruments.

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

Veeco Instruments issued an update on its second quarter earnings guidance on Monday, May, 6th. The company provided earnings per share guidance of $(0.18)-0.02 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.11). The company issued revenue guidance of $90-110 million, compared to the consensus revenue estimate of $101.03 million.

What price target have analysts set for VECO?

3 equities research analysts have issued 12 month price objectives for Veeco Instruments' stock. Their predictions range from $12.00 to $15.00. On average, they expect Veeco Instruments' share price to reach $13.6667 in the next twelve months. This suggests a possible upside of 18.0% 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. " (5/16/2019)
  • 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 articles about VECO stock have been trending somewhat positive on Wednesday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Veeco Instruments earned a coverage optimism score of 1.7 on InfoTrie's scale. They also gave media coverage about the semiconductor company a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an impact on the stock's share price in the near term.

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), Intel (INTC), Finisar (FNSR), Energy Transfer LP Unit (ET), General Electric (GE), Cypress Semiconductor (CY), EMCORE (EMKR), QUALCOMM (QCOM) and AT&T (T).

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 OppenheimerFunds Inc. (8.28%), Dimensional Fund Advisors LP (6.43%), River & Mercantile Asset Management LLP (6.04%), Neuberger Berman Group LLC (3.85%), Baillie Gifford & Co. (3.40%) and Frontier Capital Management Co. LLC (2.12%). Company insiders that own Veeco Instruments stock include John P Kiernan, John R Peeler, Peter J Simone, Shubham Maheshwari and William John Miller. View Institutional Ownership Trends for Veeco Instruments.

Which major investors are selling Veeco Instruments stock?

VECO stock was sold by a variety of institutional investors in the last quarter, including Alambic Investment Management L.P., Frontier Capital Management Co. LLC, Royce & Associates LP, River & Mercantile Asset Management LLP, Shelton Capital Management, Ellington Management Group LLC, OppenheimerFunds Inc. and Westpac Banking Corp. View Insider Buying and Selling for Veeco Instruments.

Which major investors are buying Veeco Instruments stock?

VECO stock was purchased by a variety of institutional investors in the last quarter, including Jacobs Levy Equity Management Inc., Neuberger Berman Group LLC, Renaissance Technologies LLC, Baillie Gifford & Co., California Public Employees Retirement System, Pinebridge Investments L.P., ClariVest Asset Management LLC and Geode Capital Management LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is Veeco Instruments' stock price today?

One share of VECO stock can currently be purchased for approximately $11.58.

How big of a company is Veeco Instruments?

Veeco Instruments has a market capitalization of $563.66 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.

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:  364 (Vote Outperform)
Underperform Votes:  586 (Vote Underperform)
Total Votes:  950
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 5/22/2019 by MarketBeat.com Staff

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