24.38 USD
-0.87
3.45%
At close Feb 7, 4:00 PM EST
After hours
24.38
+0.00
0.00%
1 day
-3.45%
5 days
-1.49%
1 month
-14.76%
3 months
-16.16%
6 months
-25.94%
Year to date
-9.70%
1 year
-23.21%
5 years
71.93%
10 years
-19.96%
 

About: Veeco Instruments Inc is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company's product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of the total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.

Employees: 1,215

0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 4 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

39% more call options, than puts

Call options by funds: $8.94M | Put options by funds: $6.42M

27% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 77

3% less funds holding

Funds holding: 261 [Q2] → 252 (-9) [Q3]

4.95% less ownership

Funds ownership: 109.56% [Q2] → 104.62% (-4.95%) [Q3]

14% less first-time investments, than exits

New positions opened: 48 | Existing positions closed: 56

32% less capital invested

Capital invested by funds: $2.89B [Q2] → $1.97B (-$927M) [Q3]

80% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 1 (-4) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$30
23%
upside
Avg. target
$34
39%
upside
High target
$38
56%
upside

4 analyst ratings

positive
75%
neutral
25%
negative
0%
Oppenheimer
Rick Schafer
57% 1-year accuracy
16 / 28 met price target
44%upside
$35
Outperform
Reiterated
7 Feb 2025
Citigroup
Atif Malik
58% 1-year accuracy
29 / 50 met price target
35%upside
$33
Buy
Upgraded
6 Jan 2025
Goldman Sachs
Brian Lee
38% 1-year accuracy
31 / 82 met price target
23%upside
$30
Neutral
Maintained
7 Nov 2024
Benchmark
Mark Miller
50% 1-year accuracy
19 / 38 met price target
56%upside
$38
Buy
Maintained
7 Nov 2024

Financial journalist opinion

Neutral
GlobeNewsWire
2 weeks ago
Veeco Announces Date for Fourth Quarter Financial Results and Conference Call
PLAINVIEW, N.Y., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its fourth quarter 2024 financial results after the market closes on Wednesday, February 12, 2025. The company will host a conference call to review these results starting at 5:00 PM ET that day.
Veeco Announces Date for Fourth Quarter Financial Results and Conference Call
Positive
Yahoo Finance
1 month ago
Why Citi is bullish on the chip sector
Citi (C) analysts express optimism for the semiconductor sector, upgrading several companies from Neutral to Buy, including Nova (NOVA), Veeco Instruments (VECO), Advanced Energy Industries (AEIS), and MKS Instruments (MKSI). The analysts' positive outlook spans small-, mid-, and large-cap companies, as well as component manufacturers and consumable chip producers.
Why Citi is bullish on the chip sector
Positive
Barrons
1 month ago
Snap Up These 5 Under-the-Radar Chip Stocks, Citi Says
The bank upgraded all five semiconductor equipment stocks on Monday, saying they can rebound after a sharp correction last year.
Snap Up These 5 Under-the-Radar Chip Stocks, Citi Says
Neutral
GlobeNewsWire
1 month ago
Veeco Announces Upcoming Investor Event
PLAINVIEW, N.Y., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced that management is scheduled to present at the 27th Annual Needham Growth Conference at 1:30 PM ET on Tuesday, January 14, 2025, at the Lotte New York Palace Hotel in New York City, NY. Veeco management will also be available to meet in person with investors during the conference. Interested investors should contact their Needham representative to secure a meeting time.
Veeco Announces Upcoming Investor Event
Neutral
GlobeNewsWire
1 month ago
PlayNitride Selects Veeco's Lumina MOCVD System for MicroLED Production Supporting Next Generation Applications
PLAINVIEW, N.Y., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced that PlayNitride, an industry leader in MicroLED technology, has qualified Veeco's Lumina® MOCVD system for production of next-generation MicroLEDs, and also placed an order for two systems for delivery in 2025. PlayNitride's decision followed a successful evaluation of Veeco's Lumina® MOCVD system.
PlayNitride Selects Veeco's Lumina MOCVD System for MicroLED Production Supporting Next Generation Applications
Neutral
GlobeNewsWire
2 months ago
Veeco Announces Upcoming Investor Events
PLAINVIEW, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced that management is scheduled to participate in the following investor events:
Veeco Announces Upcoming Investor Events
Neutral
Seeking Alpha
3 months ago
Veeco Instruments Inc. (VECO) Q3 2024 Earnings Call Transcript
Veeco Instruments Inc. (VECO) Q3 2024 Earnings Call Transcript
Veeco Instruments Inc. (VECO) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
3 months ago
Veeco Instruments (VECO) Q3 Earnings and Revenues Top Estimates
Veeco Instruments (VECO) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.53 per share a year ago.
Veeco Instruments (VECO) Q3 Earnings and Revenues Top Estimates
Neutral
GuruFocus
4 months ago
Invesco Ltd.'s Strategic Reduction in Veeco Instruments Inc.
In a notable move within the investment community, Invesco Ltd. (Trades, Portfolio) recently adjusted its holdings in Veeco Instruments Inc. (VECO, Financial), a key player in the semiconductor sector.
Invesco Ltd.'s Strategic Reduction in Veeco Instruments Inc.
Positive
GuruFocus
4 months ago
Veeco Instruments Inc (VECO) Shares Up 3.28% on Oct 2
Shares of Veeco Instruments Inc (VECO, Financial) surged 3.28% in mid-day trading on Oct 2. The stock reached an intraday high of $33.30, before settling at $33.23, up from its previous close of $32.17.
Veeco Instruments Inc (VECO) Shares Up 3.28% on Oct 2
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