2 weeks Ago By Defense World Staff
Shares of Veeco Instruments Inc. ( NASDAQ:VECO – Get Free Report ) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.
The average 1 year price objective among brokers that have issued a report on the stock in the last year is $45.57. A number of research analysts recently issued reports on VECO shares.
Benchmark restated a “buy” rating and set a $42.00 price target on shares of Veeco Instruments in a report on Wednesday, August 7th. Northland Securities decreased their price objective on shares of Veeco Instruments from $53.
00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Oppenheimer raised their target price on shares of Veeco Instruments from $45.
00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Citigroup downgraded shares of Veeco Instruments from a “buy” rating to a “neutral” rating and increased their price target for the stock from $45.
00 to $50.00 in a research note on Monday, July 15th. Finally, The Goldman Sachs Group cut their price objective on Veeco Instruments from $39.
00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Check Out Our Latest Analysis on VECO Insider Transactions at Veeco Instruments Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently made changes to their positions in VECO.
GAMMA Investing LLC raised its holdings in Veeco Instruments by 237.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,677 shares of the semiconductor company’s stock worth $78,000 after acquiring an additional 1,180 shares during the last quarter.
Montag A & Associates Inc. bought a new position in shares of Veeco Instruments during the first quarter valued at $99,000. nVerses Capital LLC lifted its holdings in shares of Veeco Instruments by 733.
3% during the second quarter. nVerses Capital LLC now owns 2,500 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 2,200 shares in the last quarter. Ausbil Investment Management Ltd purchased a new stake in shares of Veeco Instruments during the second quarter valued at $200,000.
Finally, Foundry Partners LLC bought a new stake in Veeco Instruments in the 1st quarter worth about $203,000. Institutional investors own 98.46% of the company’s stock.
Veeco Instruments Stock Performance NASDAQ VECO opened at $33.53 on Friday. The firm has a market cap of $1.
90 billion, a price-to-earnings ratio of -74.51 and a beta of 1.17.
The company has a 50-day simple moving average of $35.11 and a two-hundred day simple moving average of $38.30.
The company has a quick ratio of 2.32, a current ratio of 3.52 and a debt-to-equity ratio of 0.
35. Veeco Instruments has a 12-month low of $23.63 and a 12-month high of $49.
25. Veeco Instruments ( NASDAQ:VECO – Get Free Report ) last announced its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.
42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01).
Veeco Instruments had a return on equity of 12.03% and a net margin of 11.83%.
The company had revenue of $175.88 million during the quarter, compared to analysts’ expectations of $176.03 million.
During the same period last year, the firm earned $0.21 earnings per share. Veeco Instruments’s revenue for the quarter was up 8.
8% on a year-over-year basis. On average, equities analysts forecast that Veeco Instruments will post 1.2 EPS for the current year.
Veeco Instruments Company Profile ( Get Free Report Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems. Recommended Stories Five stocks we like better than Veeco Instruments What is a Bond Market Holiday? How to Invest and Trade CarMax’s Impressive Rally: What Investors Should Watch Next How to Calculate Stock Profit MarketBeat Week in Review – 9/23 – 9/27 Best Stocks Under $10.
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