Veeco Instruments (VECO) Scheduled to Post Earnings on Wednesday

Veeco Instruments (NASDAQ:VECOGet Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Veeco Instruments Stock Up 1.6 %

VECO opened at $34.70 on Tuesday. The firm has a 50 day moving average price of $30.82 and a 200 day moving average price of $28.78. The company has a market cap of $1.95 billion, a PE ratio of 35.41 and a beta of 1.20. Veeco Instruments has a 1 year low of $17.70 and a 1 year high of $35.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.75 and a current ratio of 2.69.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Barclays increased their target price on shares of Veeco Instruments from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. The Goldman Sachs Group increased their target price on shares of Veeco Instruments from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Finally, Benchmark increased their target price on shares of Veeco Instruments from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

View Our Latest Report on Veeco Instruments

Insider Buying and Selling

In other Veeco Instruments news, CEO William John Miller sold 30,000 shares of Veeco Instruments stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $30.07, for a total value of $902,100.00. Following the transaction, the chief executive officer now directly owns 500,152 shares of the company’s stock, valued at approximately $15,039,570.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Veeco Instruments news, CEO William John Miller sold 30,000 shares of Veeco Instruments stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $30.07, for a total value of $902,100.00. Following the transaction, the chief executive officer now directly owns 500,152 shares of the company’s stock, valued at approximately $15,039,570.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO John P. Kiernan sold 15,000 shares of Veeco Instruments stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $29.02, for a total value of $435,300.00. Following the completion of the transaction, the chief financial officer now directly owns 80,459 shares in the company, valued at $2,334,920.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,000 shares of company stock worth $2,208,900. 2.50% of the stock is currently owned by insiders.

Institutional Trading of Veeco Instruments

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Veeco Instruments by 0.5% during the second quarter. BlackRock Inc. now owns 8,281,459 shares of the semiconductor company’s stock valued at $212,668,000 after purchasing an additional 42,742 shares during the period. Vanguard Group Inc. increased its position in shares of Veeco Instruments by 3.6% during the third quarter. Vanguard Group Inc. now owns 5,568,846 shares of the semiconductor company’s stock valued at $102,022,000 after purchasing an additional 193,739 shares during the period. Invesco Ltd. increased its position in shares of Veeco Instruments by 22.6% during the first quarter. Invesco Ltd. now owns 5,364,379 shares of the semiconductor company’s stock valued at $145,858,000 after purchasing an additional 988,143 shares during the period. Wasatch Advisors Inc. increased its position in shares of Veeco Instruments by 28.7% during the first quarter. Wasatch Advisors Inc. now owns 3,221,333 shares of the semiconductor company’s stock valued at $87,588,000 after purchasing an additional 718,458 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Veeco Instruments by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,035,387 shares of the semiconductor company’s stock valued at $43,007,000 after purchasing an additional 47,002 shares during the period. 98.46% of the stock is currently owned by institutional investors.

About Veeco Instruments

(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 worldwide. 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, and atomic layer deposition and other deposition systems, as well as packaging lithography equipment.

Further Reading

Earnings History for Veeco Instruments (NASDAQ:VECO)

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