News stories about Veeco Instruments (NASDAQ:VECO) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Veeco Instruments earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 47.0444942455712 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Delft University of Technology Orders Veeco ALD System (investingnews.com)
- Robbins Arroyo LLP Is Investigating the Officers and Directors of Veeco Instruments, Inc. (VECO) on Behalf of Shareholders (finance.yahoo.com)
- Delft University of Technology Orders Veeco ALD System for Researching Materials for Energy Storage Solutions (finance.yahoo.com)
- Is Veeco Instruments Inc (NASDAQ:VECO) Undervalued? (finance.yahoo.com)
Shares of VECO traded down $0.28 during mid-day trading on Tuesday, hitting $14.62. The company’s stock had a trading volume of 15,933 shares, compared to its average volume of 440,828. Veeco Instruments has a 52-week low of $10.85 and a 52-week high of $33.40. The stock has a market capitalization of $740.12 million, a PE ratio of -732.50 and a beta of 0.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.17 and a current ratio of 2.80.
Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings results on Monday, May 7th. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.14. Veeco Instruments had a negative net margin of 11.24% and a positive return on equity of 0.51%. The firm had revenue of $158.57 million during the quarter, compared to analysts’ expectations of $151.62 million. During the same quarter in the prior year, the company earned $0.09 EPS. The company’s revenue was up 67.8% compared to the same quarter last year. equities research analysts forecast that Veeco Instruments will post 0.41 EPS for the current year.
Several research firms have issued reports on VECO. ValuEngine cut shares of Veeco Instruments from a “sell” rating to a “strong sell” rating in a research report on Friday, May 18th. TheStreet raised shares of Veeco Instruments from a “d+” rating to a “c” rating in a research report on Monday, March 12th. Northland Securities began coverage on shares of Veeco Instruments in a research report on Thursday, April 19th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research raised shares of 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. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.33.
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.
Receive News & Ratings for Veeco Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeco Instruments and related companies with MarketBeat.com's FREE daily email newsletter.