Veeco Instruments (VECO) Stock Price, News & Analysis

Company Overview

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. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices. In addition, the company markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test companies; and hard disk drive and photonics manufacturers, as well as research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.

Key Stats

• Today's Range: $26.23 to $27.22
• 50-Day Range: $27.30 to $33.86
• 52-Week Range: $26.23 to $49.25
• Volume: 684,742 shs
• Average Volume: 662,647 shs
• Market Capitalization: $1.50 billion
• P/E Ratio: 19.58
• Dividend Yield: N/A
• Price Target: $42.14
• Consensus Rating: Moderate Buy

Veeco Instruments Stock Analysis - MarketRank™

Veeco Instruments scored higher than 72% of companies evaluated by MarketBeat, and ranked 281st out of 662 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Veeco Instruments has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Veeco Instruments has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 37.50%

Earnings Growth

Earnings for Veeco Instruments are expected to grow by 37.50% in the coming year, from $1.20 to $1.65 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Veeco Instruments is 19.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.34.

Price to Earnings Ratio vs. Sector

The P/E ratio of Veeco Instruments is 19.58, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 243.61.

Price to Book Value per Share Ratio

Veeco Instruments has a P/B Ratio of 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.65% of the outstanding shares of Veeco Instruments have been sold short.

Short Interest Ratio / Days to Cover

Veeco Instruments has a short interest ratio ("days to cover") of 6.7.

Change versus previous month

Short interest in Veeco Instruments has recently increased by 1.87%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Veeco Instruments does not currently pay a dividend.

Dividend Growth

Veeco Instruments does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.65% of the outstanding shares of Veeco Instruments have been sold short.

Short Interest Ratio / Days to Cover

Veeco Instruments has a short interest ratio ("days to cover") of 6.7.

Change versus previous month

Short interest in Veeco Instruments has recently increased by 1.87%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.15

News Sentiment

Veeco Instruments has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Veeco Instruments this week, compared to 4 articles on an average week.

MarketBeat Follows

2 people have added Veeco Instruments to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Veeco Instruments insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $225,850.00 in company stock.

Percentage Held by Insiders

Only 2.40% of the stock of Veeco Instruments is held by insiders.

Percentage Held by Institutions

98.46% of the stock of Veeco Instruments is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

VECO Stock Analysis - Frequently Asked Questions

How have VECO shares performed this year?

Veeco Instruments' stock was trading at $31.03 on January 1st, 2024. Since then, VECO shares have decreased by 14.8% and is now trading at $26.43.
View the best growth stocks for 2024 here.

How were Veeco Instruments' earnings last quarter?

Veeco Instruments Inc. (NASDAQ:VECO) posted its quarterly earnings data on Wednesday, November, 6th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. The company's revenue was up 4.2% on a year-over-year basis.

Does Veeco Instruments have any subsidiaries?

Veeco Instruments subsidiaries include Ultratech Inc., Solid State Equipment Holdings, Synos Technology, Fluens Corporation, Mill Lane Engineering, Advanced Imaging, NanoDevices, and more.

Who are Veeco Instruments' major shareholders?

Veeco Instruments' top institutional investors include Wasatch Advisors LP (4.65%), The Manufacturers Life Insurance Company (3.90%), State Street Corp (3.68%) and Westfield Capital Management Co. LP (2.07%). Insiders that own company stock include William John Miller, John P Kiernan, Adrian Devasahayam and Susan Wilkerson.
View institutional ownership trends.

How do I buy shares of Veeco Instruments?

Shares of VECO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Veeco Instruments own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Veeco Instruments investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/15/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Special industry machinery, not elsewhere classified
• Sub-Industry: Semiconductor Equipment
• Current Symbol: NASDAQ:VECO
• CUSIP: 92241710
• CIK: 103145
• Web: www.veeco.com
• Phone: (516) 677-0200
• Fax: 516-714-1200
• Employees: 1,215
• Year Founded: 1945

Price Target and Rating

• Average Stock Price Target: $42.14
• High Stock Price Target: $55.00
• Low Stock Price Target: $30.00
• Potential Upside/Downside: +59.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.35
• Trailing P/E Ratio: 19.58
• Forward P/E Ratio: 22.03
• P/E Growth: N/A
• Net Income: $-30,370,000.00
• Net Margins: 11.34%
• Pretax Margin: 12.50%
• Return on Equity: 10.92%
• Return on Assets: 6.20%

Debt

• Debt-to-Equity Ratio: 0.33
• Current Ratio: 3.54
• Quick Ratio: 2.41

Sales & Book Value

• Annual Sales: $666.43 million
• Price / Sales: 2.25
• Cash Flow: $1.63 per share
• Price / Cash Flow: 16.23
• Book Value: $13.15 per share
• Price / Book: 2.01

Miscellaneous

• Outstanding Shares: 56,780,000
• Free Float: 55,415,000
• Market Cap: $1.50 billion
• Optionable: Optionable
• Beta: 1.17