Several other analysts also recently commented on VECO. Benchmark reissued a buy rating and issued a $305.00 target price (up from $295.00) on shares of NetEase in a research report on Thursday, May 16th. Zacks Investment Research downgraded shares of G1 Therapeutics from a buy rating to a hold rating in a research report on Thursday, May 16th. ValuEngine raised shares of XCel Brands from a sell rating to a hold rating in a research report on Tuesday, July 9th. Finally, Northland Securities reissued a buy rating and issued a $14.00 target price on shares of Veeco Instruments in a research report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Veeco Instruments currently has an average rating of Hold and an average price target of $14.25.
VECO stock opened at $11.86 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.32 and a quick ratio of 2.34. The company has a market capitalization of $558.30 million, a P/E ratio of -296.50 and a beta of 1.25. Veeco Instruments has a 12 month low of $6.27 and a 12 month high of $16.30. The business has a 50 day simple moving average of $11.71.
Several institutional investors have recently modified their holdings of VECO. Neuburgh Advisers LLC lifted its stake in shares of Veeco Instruments by 47.2% in the fourth quarter. Neuburgh Advisers LLC now owns 7,040 shares of the semiconductor company’s stock worth $52,000 after buying an additional 2,256 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of Veeco Instruments in the fourth quarter worth $90,000. Bank of Montreal Can lifted its stake in shares of Veeco Instruments by 17.4% in the first quarter. Bank of Montreal Can now owns 8,998 shares of the semiconductor company’s stock worth $98,000 after buying an additional 1,333 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Veeco Instruments in the fourth quarter worth $102,000. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of Veeco Instruments by 387.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,672 shares of the semiconductor company’s stock worth $116,000 after buying an additional 12,459 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.
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.