Shares of Veeco Instruments Inc. (NASDAQ:VECO) have been assigned an average rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Veeco Instruments from a “buy” rating to a “hold” rating in a research report on Saturday. Benchmark restated a “hold” rating on shares of Veeco Instruments in a research report on Tuesday. BidaskClub upgraded shares of Veeco Instruments from a “hold” rating to a “buy” rating in a research report on Tuesday, February 5th. Finally, ValuEngine upgraded shares of Veeco Instruments from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.

NASDAQ:VECO traded up $0.19 during midday trading on Friday, reaching $11.64. The stock had a trading volume of 313,743 shares, compared to its average volume of 385,962. Veeco Instruments has a 12-month low of $6.27 and a 12-month high of $20.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.25 and a quick ratio of 2.28. The firm has a market cap of $556.31 million, a price-to-earnings ratio of -291.00 and a beta of 1.22.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings data on Monday, February 11th. The semiconductor company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). Veeco Instruments had a negative net margin of 75.10% and a negative return on equity of 0.31%. The firm had revenue of $98.97 million during the quarter, compared to analysts’ expectations of $95.95 million. As a group, analysts expect that Veeco Instruments will post -0.32 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Veeco Instruments by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,858,914 shares of the semiconductor company’s stock worth $49,803,000 after purchasing an additional 276,099 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Veeco Instruments by 6.0% during the 3rd quarter. Vanguard Group Inc now owns 4,858,914 shares of the semiconductor company’s stock worth $49,803,000 after purchasing an additional 276,099 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Veeco Instruments by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,336,188 shares of the semiconductor company’s stock worth $34,196,000 after purchasing an additional 18,822 shares in the last quarter. River & Mercantile Asset Management LLP boosted its position in shares of Veeco Instruments by 3.5% during the 4th quarter. River & Mercantile Asset Management LLP now owns 2,948,949 shares of the semiconductor company’s stock worth $21,837,000 after purchasing an additional 100,987 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Veeco Instruments by 36.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,704,528 shares of the semiconductor company’s stock worth $17,472,000 after buying an additional 452,608 shares during the last quarter. Institutional investors own 90.92% 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.

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