Veeco Instruments Inc. (NASDAQ:VECO) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $25.00.

A number of research firms have issued reports on VECO. ValuEngine downgraded Veeco Instruments from a “sell” rating to a “strong sell” rating in a research note on Friday, May 18th. BidaskClub downgraded Veeco Instruments from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Benchmark restated a “hold” rating and set a $38.00 price target on shares of Veeco Instruments in a research note on Friday, August 3rd. Finally, Zacks Investment Research upgraded Veeco Instruments from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Saturday, May 12th.

Shares of NASDAQ:VECO opened at $10.95 on Friday. Veeco Instruments has a fifty-two week low of $10.40 and a fifty-two week high of $22.35. The company has a quick ratio of 2.20, a current ratio of 2.94 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $556.22 million, a price-to-earnings ratio of -545.00 and a beta of 0.56.

Veeco Instruments (NASDAQ:VECO) last issued its earnings results on Thursday, August 2nd. The semiconductor company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Veeco Instruments had a positive return on equity of 1.26% and a negative net margin of 47.49%. The business had revenue of $157.78 million during the quarter, compared to analyst estimates of $160.35 million. During the same quarter in the previous year, the firm earned $0.15 EPS. Veeco Instruments’s revenue was up 40.6% on a year-over-year basis. sell-side analysts forecast that Veeco Instruments will post 0.19 earnings per share for the current year.

In related news, CFO Shubham Maheshwari acquired 8,900 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was bought at an average cost of $11.60 per share, for a total transaction of $103,240.00. Following the purchase, the chief financial officer now owns 88,323 shares in the company, valued at approximately $1,024,546.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President William John Miller acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were bought at an average price of $11.80 per share, with a total value of $118,000.00. Following the completion of the purchase, the president now owns 115,997 shares in the company, valued at approximately $1,368,764.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 28,900 shares of company stock valued at $335,740. Corporate insiders own 2.60% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Swiss National Bank grew its stake in shares of Veeco Instruments by 4.3% during the 1st quarter. Swiss National Bank now owns 84,321 shares of the semiconductor company’s stock valued at $1,433,000 after acquiring an additional 3,500 shares during the period. LPL Financial LLC grew its stake in shares of Veeco Instruments by 18.9% during the 1st quarter. LPL Financial LLC now owns 25,065 shares of the semiconductor company’s stock valued at $426,000 after acquiring an additional 3,988 shares during the period. First Trust Advisors LP grew its stake in shares of Veeco Instruments by 9.4% during the 2nd quarter. First Trust Advisors LP now owns 50,218 shares of the semiconductor company’s stock valued at $716,000 after acquiring an additional 4,326 shares during the period. Van ECK Associates Corp grew its stake in shares of Veeco Instruments by 8.3% during the 1st quarter. Van ECK Associates Corp now owns 62,276 shares of the semiconductor company’s stock valued at $1,059,000 after acquiring an additional 4,782 shares during the period. Finally, Anchor Capital Advisors LLC grew its stake in shares of Veeco Instruments by 12.7% during the 1st quarter. Anchor Capital Advisors LLC now owns 44,739 shares of the semiconductor company’s stock valued at $761,000 after acquiring an additional 5,049 shares during the period. Institutional investors own 99.44% of the company’s stock.

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.

Further Reading: Leveraged Buyout (LBO) Explained

Analyst Recommendations for Veeco Instruments (NASDAQ:VECO)

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.