Veeco Instruments (VECO) Scheduled to Post Earnings on Monday

Veeco Instruments (NASDAQ:VECO – Get Rating) is scheduled to release its earnings data after the market closes on Monday, May 9th. Analysts expect Veeco Instruments to post earnings of $0.29 per share for the quarter. Veeco Instruments has set its Q1 2022 guidance at $0.280-$0.440 EPS and its Q1 guidance at $0.28-0.44 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Veeco Instruments (NASDAQ:VECO – Get Rating) last posted its quarterly earnings results on Wednesday, February 16th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. Veeco Instruments had a net margin of 4.46% and a return on equity of 13.67%. The company had revenue of $153.00 million for the quarter, compared to analyst estimates of $150.97 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts expect Veeco Instruments to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ VECO opened at $22.92 on Monday. The company’s 50 day moving average is $26.61 and its 200-day moving average is $26.80. Veeco Instruments has a 12-month low of $20.39 and a 12-month high of $32.40. The company has a quick ratio of 2.00, a current ratio of 2.90 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.16 billion, a P/E ratio of 46.78 and a beta of 1.32.

Several institutional investors and hedge funds have recently bought and sold shares of VECO. BlackRock Inc. boosted its holdings in shares of Veeco Instruments by 1.2% in the 4th quarter. BlackRock Inc. now owns 7,743,149 shares of the semiconductor company’s stock worth $220,448,000 after purchasing an additional 93,580 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in shares of Veeco Instruments in the 4th quarter worth about $294,000. California State Teachers Retirement System boosted its holdings in shares of Veeco Instruments by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 69,841 shares of the semiconductor company’s stock worth $1,988,000 after purchasing an additional 1,618 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Veeco Instruments by 1.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 41,101 shares of the semiconductor company’s stock worth $1,170,000 after purchasing an additional 403 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Veeco Instruments by 16.4% in the 4th quarter. Sei Investments Co. now owns 15,923 shares of the semiconductor company’s stock worth $445,000 after purchasing an additional 2,248 shares in the last quarter. Hedge funds and other institutional investors own 96.50% of the company’s stock.

Several equities analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Veeco Instruments from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, January 11th. StockNews.com assumed coverage on shares of Veeco Instruments in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised shares of Veeco Instruments from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, April 20th. Oppenheimer boosted their price objective on shares of Veeco Instruments from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, January 12th. Finally, Barclays boosted their price objective on shares of Veeco Instruments from $27.00 to $35.00 in a research note on Wednesday, January 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $32.57.

Veeco Instruments Company Profile (Get Rating)

Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, and atomic layer deposition and other deposition systems, as well as packaging lithography equipment.

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