Veeco Instruments Inc. (NASDAQ:VECO) has received an average rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $24.20.
A number of analysts have weighed in on the company. ValuEngine cut Veeco Instruments from a “sell” rating to a “strong sell” rating in a research report on Friday, May 18th. TheStreet raised Veeco Instruments from a “d+” rating to a “c” rating in a research report on Monday, March 12th. Northland Securities assumed coverage on Veeco Instruments in a research report on Thursday, April 19th. They set an “outperform” rating for the company. Finally, Zacks Investment Research raised Veeco Instruments from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Saturday, May 12th.
Get Veeco Instruments alerts:Shares of Veeco Instruments traded up $0.55, reaching $15.40, during trading hours on Friday, according to MarketBeat.com. The stock had a trading volume of 264,100 shares, compared to its average volume of 550,764. The stock has a market cap of $710.90 million, a PE ratio of -770.00 and a beta of 0.52. The company has a quick ratio of 2.17, a current ratio of 2.80 and a debt-to-equity ratio of 0.34. Veeco Instruments has a fifty-two week low of $10.85 and a fifty-two week high of $33.40.
Veeco Instruments (NASDAQ:VECO) last announced its earnings results on Monday, May 7th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.14. The firm had revenue of $158.57 million during the quarter, compared to analysts’ expectations of $151.62 million. Veeco Instruments had a positive return on equity of 0.51% and a negative net margin of 11.24%. The business’s revenue was up 67.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. sell-side analysts anticipate that Veeco Instruments will post 0.43 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the business. OppenheimerFunds Inc. lifted its position in Veeco Instruments by 98.8% during the 1st quarter. OppenheimerFunds Inc. now owns 4,015,028 shares of the semiconductor company’s stock worth $68,255,000 after acquiring an additional 1,995,804 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Veeco Instruments by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,147,480 shares of the semiconductor company’s stock worth $53,507,000 after buying an additional 185,322 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Veeco Instruments by 1.6% during the 1st quarter. Frontier Capital Management Co. LLC now owns 2,657,274 shares of the semiconductor company’s stock worth $45,174,000 after buying an additional 42,899 shares in the last quarter. River & Mercantile Asset Management LLP raised its stake in shares of Veeco Instruments by 163.8% during the 1st quarter. River & Mercantile Asset Management LLP now owns 1,434,788 shares of the semiconductor company’s stock worth $24,356,000 after buying an additional 890,988 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Veeco Instruments by 1.3% during the 1st quarter. Neuberger Berman Group LLC now owns 1,254,340 shares of the semiconductor company’s stock worth $21,321,000 after buying an additional 16,293 shares in the last quarter. 99.60% of the stock is owned by institutional investors.
Veeco Instruments Company Profile
Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor process equipment worldwide. It offers metal organic chemical vapor deposition systems; packaging lithography equipment; precision surface processing systems; laser annealing systems; ion beam etch and deposition systems; molecular beam epitaxy systems; 3D wafer inspection systems; and atomic layer deposition and other deposition systems.
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