Veeco Instruments (VECO) Receives Daily News Impact Score of 0.14
News articles about Veeco Instruments (NASDAQ:VECO) have been trending somewhat positive on Saturday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 0.14 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 46.7419207036988 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several analysts have commented on VECO shares. Zacks Investment Research raised Veeco Instruments from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a report on Saturday, May 12th. Benchmark reissued a “hold” rating and issued a $38.00 price objective on shares of Veeco Instruments in a report on Friday, August 3rd. BidaskClub lowered Veeco Instruments from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 8th. Finally, ValuEngine lowered Veeco Instruments from a “sell” rating to a “strong sell” rating in a report on Friday, May 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Veeco Instruments has an average rating of “Hold” and an average price target of $25.00.
VECO traded up $0.80 during trading on Friday, hitting $10.85. The company’s stock had a trading volume of 816,169 shares, compared to its average volume of 755,670. The company has a current ratio of 2.94, a quick ratio of 2.20 and a debt-to-equity ratio of 0.47. Veeco Instruments has a twelve month low of $10.00 and a twelve month high of $22.35. The firm has a market cap of $519.63 million, a P/E ratio of -542.50 and a beta of 0.56.
In other news, CFO Shubham Maheshwari purchased 5,000 shares of the stock in a transaction dated Thursday, August 23rd. The shares were purchased at an average cost of $10.05 per share, with a total value of $50,250.00. Following the completion of the purchase, the chief financial officer now directly owns 93,323 shares of the company’s stock, valued at approximately $937,896.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John R. Peeler purchased 10,000 shares of the stock in a transaction dated Friday, August 10th. The stock was purchased at an average cost of $11.45 per share, for a total transaction of $114,500.00. Following the completion of the purchase, the chief executive officer now directly owns 393,162 shares of the company’s stock, valued at $4,501,704.90. The disclosure for this purchase can be found here. Insiders bought 33,900 shares of company stock worth $385,990 over the last ninety days. Corporate insiders own 2.60% 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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