Shares of Veeco (NASDAQ:VECO) have been assigned a consensus rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $28.20.
A number of equities analysts have issued reports on VECO shares. Zacks Investment Research upgraded Veeco from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. TheStreet upgraded Veeco from a “d+” rating to a “c” rating in a research note on Monday, March 12th.
A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new position in shares of Veeco in the 4th quarter worth approximately $154,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Veeco in the 4th quarter worth approximately $205,000. Crossmark Global Holdings Inc. purchased a new position in shares of Veeco in the 4th quarter worth approximately $229,000. Aperio Group LLC boosted its stake in shares of Veeco by 64.2% in the 4th quarter. Aperio Group LLC now owns 16,712 shares of the semiconductor company’s stock worth $248,000 after buying an additional 6,533 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Veeco in the 4th quarter worth approximately $251,000. Institutional investors and hedge funds own 99.86% of the company’s stock.
VECO stock opened at $17.60 on Friday. The stock has a market cap of $827.77, a price-to-earnings ratio of -880.00 and a beta of 0.57. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.67 and a quick ratio of 2.13. Veeco has a 52-week low of $10.85 and a 52-week high of $34.38.
Veeco (NASDAQ:VECO) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. The business had revenue of $143.40 million during the quarter, compared to the consensus estimate of $143.85 million. Veeco had a negative return on equity of 0.12% and a negative net margin of 9.24%. The company’s quarterly revenue was up 53.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. analysts forecast that Veeco will post 0.3 EPS for the current year.
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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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