Several other brokerages have also issued reports on VECO. ValuEngine raised XCel Brands from a sell rating to a hold rating in a research note on Tuesday. Northland Securities reaffirmed a buy rating and issued a $14.00 target price on shares of Veeco Instruments in a research note on Monday, May 6th. Zacks Investment Research lowered G1 Therapeutics from a buy rating to a hold rating in a research note on Thursday, May 16th. Finally, Benchmark reaffirmed a buy rating and issued a $305.00 target price (up previously from $295.00) on shares of NetEase in a research note on Thursday, May 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Veeco Instruments has a consensus rating of Hold and a consensus target price of $14.25.
Shares of VECO stock traded up $0.36 during trading on Thursday, hitting $11.83. The company had a trading volume of 4,212 shares, compared to its average volume of 339,453. The company has a quick ratio of 2.34, a current ratio of 3.32 and a debt-to-equity ratio of 0.69. The business’s 50-day simple moving average is $11.70. The firm has a market cap of $558.25 million, a PE ratio of -295.75 and a beta of 1.25. Veeco Instruments has a 52 week low of $6.27 and a 52 week high of $16.30.
A number of institutional investors and hedge funds have recently modified their holdings of VECO. Rhumbline Advisers boosted its stake in shares of Veeco Instruments by 20.2% during the fourth quarter. Rhumbline Advisers now owns 141,537 shares of the semiconductor company’s stock valued at $1,049,000 after purchasing an additional 23,757 shares during the period. Geode Capital Management LLC boosted its stake in shares of Veeco Instruments by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 565,660 shares of the semiconductor company’s stock valued at $4,191,000 after purchasing an additional 15,139 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Veeco Instruments by 7.7% during the first quarter. Baillie Gifford & Co. now owns 1,634,793 shares of the semiconductor company’s stock valued at $17,720,000 after purchasing an additional 116,207 shares during the period. Texas Permanent School Fund lifted its stake in Veeco Instruments by 4.3% in the first quarter. Texas Permanent School Fund now owns 32,618 shares of the semiconductor company’s stock worth $354,000 after acquiring an additional 1,343 shares during the period. Finally, Oregon Public Employees Retirement Fund purchased a new stake in Veeco Instruments in the fourth quarter worth $135,000. 91.28% of the stock is owned by institutional investors and hedge funds.
About Veeco Instruments
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.
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.