Benchmark reissued their buy rating on shares of Veeco Instruments (NASDAQ:VECO) in a research note released on Thursday, AnalystRatings.com reports. They currently have a $15.00 price target on the semiconductor company’s stock.

“We hosted Veeco in mid-Atlantic investor meetings with Veeco CEO William Miller and head of investor relations Anthony Bencivenga.”,” Benchmark’s analyst commented.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus lowered shares of Veeco Instruments from a buy rating to a hold rating and set a $12.00 target price on the stock. in a report on Wednesday, March 6th. BidaskClub raised shares of Veeco Instruments from a buy rating to a strong-buy rating in a report on Wednesday, February 20th. ValuEngine raised shares of Veeco Instruments from a sell rating to a hold rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Veeco Instruments from a hold rating to a buy rating and set a $12.00 target price on the stock in a report on Thursday, February 14th. Finally, Northland Securities reissued a buy rating and set a $14.00 target price on shares of Veeco Instruments in a report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $14.25.

Shares of Veeco Instruments stock opened at $12.50 on Thursday. The company has a market cap of $608.44 million, a P/E ratio of -312.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.34 and a current ratio of 3.32. Veeco Instruments has a 1 year low of $6.27 and a 1 year high of $18.70.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings results on Monday, May 6th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.09. Veeco Instruments had a negative net margin of 84.86% and a negative return on equity of 3.17%. The company had revenue of $99.37 million for the quarter, compared to analyst estimates of $96.75 million. During the same period in the previous year, the firm posted $0.20 EPS. The firm’s revenue was down 37.3% on a year-over-year basis. Equities research analysts forecast that Veeco Instruments will post -0.41 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Bank grew its holdings in Veeco Instruments by 2.4% during the 1st quarter. Comerica Bank now owns 47,535 shares of the semiconductor company’s stock worth $573,000 after acquiring an additional 1,129 shares during the last quarter. Bank of Montreal Can grew its holdings in Veeco Instruments by 17.4% during the 1st quarter. Bank of Montreal Can now owns 8,998 shares of the semiconductor company’s stock worth $98,000 after acquiring an additional 1,333 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Veeco Instruments by 4.3% in the 1st quarter. Texas Permanent School Fund now owns 32,618 shares of the semiconductor company’s stock valued at $354,000 after purchasing an additional 1,343 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Veeco Instruments by 4.3% in the 1st quarter. First Trust Advisors LP now owns 46,775 shares of the semiconductor company’s stock valued at $507,000 after purchasing an additional 1,945 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Veeco Instruments by 6.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 32,199 shares of the semiconductor company’s stock valued at $349,000 after purchasing an additional 1,945 shares during the last quarter. 92.19% of the stock is currently owned by hedge funds and other institutional investors.

Veeco Instruments Company Profile

Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. It offers metal organic chemical vapor deposition systems; packaging lithography equipment; precision surface processing systems; laser annealing systems; ion beam deposition and etch systems; molecular beam epitaxy systems; 3D wafer inspection systems; and atomic layer deposition and other deposition systems.

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