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. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, thin film magnetic heads, and other semiconductor devices. The company markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test, hard disk drive, and photonics manufacturers; and research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.
IPO Year: 1994
Exchange: NASDAQ
Website: veeco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/6/2025 | $33.00 | Neutral → Buy | Citigroup |
| 7/15/2024 | $45.00 → $50.00 | Buy → Neutral | Citigroup |
| 9/13/2023 | $35.00 | Buy | Citigroup |
| 9/1/2023 | $35.00 | Buy | Needham |
| 1/23/2023 | $19.00 → $20.00 | Overweight → Equal Weight | Barclays |
| 1/12/2022 | $25.00 → $28.00 | Neutral | Goldman Sachs |
| 1/12/2022 | $34.00 → $38.00 | Outperform | Oppenheimer |
| 12/28/2021 | $32.00 | Outperform | Northland Capital |
| 11/3/2021 | $29.00 → $34.00 | Outperform | Oppenheimer |
| 9/13/2021 | $29.00 → $26.00 | Buy → Neutral | Goldman Sachs |
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PLAINVIEW, N.Y., Nov. 21, 2022 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) recently announced the appointment of Lena Nicolaides, Ph.D., to its Board of Directors. In addition to her vast industry experience and leadership qualities, Dr. Nicolaides was identified through a search process in connection with the Board's desire for increased diversity. Dr. Nicolaides serves as Senior Vice President and General Manager of a pattern inspection process control division for KLA Corporation. At KLA, Dr. Nicolaides has served in a range of executive leadership and general management roles, including roles in technology supply chain. Prior to joining KLA, Dr. Nicolaides served as Vic
VANCOUVER, BC, Dec. 9, 2021 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced that, effective December 9, 2021, the company has appointed Ms. Kathleen (Kathy) Bayless to the company's Board of Directors. Ms. Bayless will also serve on the Audit Committee of the Board of Directors. Mr. Jim Roche, Chair of Ballard's Board of Directors said, "We are pleased to announce Ms. Kathleen Bayless as a new member to our Board. Kathleen brings impressive and complementary financial management experience with high growth, global organizations. Her experience and
PLAINVIEW, N.Y., Aug. 19, 2021 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) recently announced the appointment of Sujeet Chand, Ph.D., to its Board of Directors. In addition to his vast industry experience and leadership qualities, Dr. Chand was identified through a search process in connection with the Board's desire for increased diversity. Dr. Chand, age 63, has served as Senior Vice President and Chief Technology Officer of Rockwell Automation since 2005. From 2001 to 2005, Dr. Chand served as Rockwell Automation's Vice President, Control Systems. Prior to joining Rockwell Automation, Dr. Chand served as Chief Operating Officer for XAP Corporation from 1999 to 2001 and,
Citigroup upgraded Veeco Instruments from Neutral to Buy and set a new price target of $33.00
Citigroup downgraded Veeco Instruments from Buy to Neutral and set a new price target of $50.00 from $45.00 previously
Citigroup initiated coverage of Veeco Instruments with a rating of Buy and set a new price target of $35.00
Needham initiated coverage of Veeco Instruments with a rating of Buy and set a new price target of $35.00
Barclays downgraded Veeco Instruments from Overweight to Equal Weight and set a new price target of $20.00 from $19.00 previously
Goldman Sachs reiterated coverage of Veeco Instruments with a rating of Neutral and set a new price target of $28.00 from $25.00 previously
Oppenheimer reiterated coverage of Veeco Instruments with a rating of Outperform and set a new price target of $38.00 from $34.00 previously
Northland Capital reiterated coverage of Veeco Instruments with a rating of Outperform and set a new price target of $32.00
Oppenheimer reiterated coverage of Veeco Instruments with a rating of Outperform and set a new price target of $34.00 from $29.00 previously
Goldman Sachs downgraded Veeco Instruments from Buy to Neutral and set a new price target of $26.00 from $29.00 previously
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PLAINVIEW, N.Y., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today has updated its financial guidance for the fourth quarter and full year 2024. We expect revenue for the fourth quarter of 2024 between $175 to $185 million, compared to our prior guidance of $165 to $185 million. Full year 2024 revenue is now expected in the range of $710 to $720 million. GAAP diluted earnings per share for the fourth quarter of 2024 is expected to be between $0.09 and $0.28, compared to our prior guidance of $0.18 to $0.27, while Non-GAAP diluted earnings per share is expected between $0.36 to $0.44, compared to our prior guidance of $0.35 to $0.45. Full year 2024 GAAP dilut
PLAINVIEW, N.Y., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced that management is scheduled to present at the 27th Annual Needham Growth Conference at 1:30 PM ET on Tuesday, January 14, 2025, at the Lotte New York Palace Hotel in New York City, NY. Veeco management will also be available to meet in person with investors during the conference. Interested investors should contact their Needham representative to secure a meeting time. The presentation will be broadcast live and can be accessed on the investor relations section of Veeco's website at ir.veeco.com. A webcast replay will be made available on the website for a minimum of two weeks followi
PLAINVIEW, N.Y., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced that PlayNitride, an industry leader in MicroLED technology, has qualified Veeco's Lumina® MOCVD system for production of next-generation MicroLEDs, and also placed an order for two systems for delivery in 2025. PlayNitride's decision followed a successful evaluation of Veeco's Lumina® MOCVD system. "We're pleased to partner with Veeco for production and commercialization of our industry-leading MicroLED technology for wearables, TVs, transparent displays and automotive," stated Dr. Charles Li, CEO & Chairman at PlayNitride. "The Lumina system is uniquely positioned to exceed market req
PLAINVIEW, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced that management is scheduled to participate in the following investor events: UBS Global Technology Conference on Tuesday, December 3, 2024, at The Phoenician Hotel in Scottsdale, AZ.Wells Fargo 8th Annual TMT Summit on Wednesday, December 4, 2024, at Terranea Resort in Rancho Palos Verdes, CA.Barclays Global Technology Conference on Wednesday, December 11, 2024, at Palace Hotel in San Francisco, CA. Veeco management will be participating in a fireside chat at 6:40 PM EST. The chat will be available via webcast on the events page of ir.veeco.com.Northland Growth Conference on Thursday,
Third Quarter 2024 Highlights: Revenue of $184.8 million, compared with $177.4 million in the same period last yearGAAP net income of $22.0 million, or $0.36 per diluted share, compared with $24.6 million, or $0.42 per diluted share in the same period last yearNon-GAAP net income of $28.3 million, or $0.46 per diluted share, compared with $31.0 million, or $0.53 per diluted share in the same period last year PLAINVIEW, N.Y., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced financial results for its third quarter ended September 30, 2024. Results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and are also report
PLAINVIEW, N.Y., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced it's received over $50 million of orders in 2024 for its WaferStorm® system for Advanced Packaging driven by AI. Scheduled deliveries for the most recent orders are extending into the first half of 2025. Veeco's Wet Processing business is delivering year-over-year growth primarily driven by capacity expansions by a leading foundry, HBM manufacturer and OSAT's to meet growing demand from AI. Based on recent order activity, Veeco expects growth in its Wet Processing business for AI in 2025. "We're excited to see leading customers choose our wet processing technology for leading edge appl
PLAINVIEW, N.Y., Oct. 18, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) plans to release its third quarter 2024 financial results after the market closes on Wednesday, November 6, 2024. The company will host a conference call to review these results starting at 5:00 PM ET that day. To join the call, dial 1-877-407-8029 (toll free) or 1-201-689-8029. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00 PM ET that same evening. About Veeco Veeco (NASDAQ:VECO) is an innovative manufacturer of semiconduct
PLAINVIEW, N.Y., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced that IBM selected the WaferStorm® Wet Processing System for Advanced Packaging applications and has entered into a joint development agreement to explore advanced packaging applications using multiple wet processing technologies from Veeco. Under the agreement, the Waferstorm Wet Processing System will be installed at facilities at the Albany NanoTech Complex in Albany, NY, where IBM and other ecosystem partners are driving leading-edge R&D in advanced packaging and chiplet technologies. The WaferStorm system enables crucial hybrid bonding cleaning processes such as resist strip
PLAINVIEW, N.Y., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced that management is scheduled to participate in the following investor events: Oppenheimer 27th Annual Technology, Internet & Communications Conference on Tuesday, August 13, 2024. Veeco management will present virtually at 9:05 AM ET. The presentation will be available via webcast on the events page of ir.veeco.com.5th Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference on Thursday, August 22, 2024.Jefferies Semiconductor, IT Hardware & Communications Technology Summit on Tuesday, August 27, 2024, at the Four Seasons Hotel in Chicago, IL.Evercore ISI Semiconductor, IT Hardware
Second Quarter 2024 Highlights: Revenue of $175.9 million, compared with $161.6 million in the same period last yearGAAP net income of $14.9 million, or $0.25 per diluted share, compared with net loss of $85.3 million, or $1.61 loss per diluted share in the same period last yearNon-GAAP net income of $25.4 million, or $0.42 per diluted share, compared with $20.6 million, or $0.36 per diluted share in the same period last year PLAINVIEW, N.Y., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced financial results for its second quarter ended June 30, 2024. Results are reported in accordance with U.S. generally accepted accounting principles ("
Third Quarter 2024 Highlights: Revenue of $184.8 million, compared with $177.4 million in the same period last yearGAAP net income of $22.0 million, or $0.36 per diluted share, compared with $24.6 million, or $0.42 per diluted share in the same period last yearNon-GAAP net income of $28.3 million, or $0.46 per diluted share, compared with $31.0 million, or $0.53 per diluted share in the same period last year PLAINVIEW, N.Y., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced financial results for its third quarter ended September 30, 2024. Results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and are also report
PLAINVIEW, N.Y., Oct. 18, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) plans to release its third quarter 2024 financial results after the market closes on Wednesday, November 6, 2024. The company will host a conference call to review these results starting at 5:00 PM ET that day. To join the call, dial 1-877-407-8029 (toll free) or 1-201-689-8029. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00 PM ET that same evening. About Veeco Veeco (NASDAQ:VECO) is an innovative manufacturer of semiconduct
Second Quarter 2024 Highlights: Revenue of $175.9 million, compared with $161.6 million in the same period last yearGAAP net income of $14.9 million, or $0.25 per diluted share, compared with net loss of $85.3 million, or $1.61 loss per diluted share in the same period last yearNon-GAAP net income of $25.4 million, or $0.42 per diluted share, compared with $20.6 million, or $0.36 per diluted share in the same period last year PLAINVIEW, N.Y., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced financial results for its second quarter ended June 30, 2024. Results are reported in accordance with U.S. generally accepted accounting principles ("
PLAINVIEW, N.Y., July 16, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) plans to release its second quarter 2024 financial results after the market closes on Tuesday, August 6, 2024. The company will host a conference call to review these results starting at 5:00 PM ET that day. To join the call, dial 1-877-407-8029 (toll free) or 1-201-689-8029. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00 PM ET that same evening. About Veeco Veeco (NASDAQ:VECO) is an innovative manufacturer of semiconductor proc
First Quarter 2024 Highlights: Revenue of $174.5 million, compared with $153.5 million in the same period last yearGAAP net income of $21.9 million, or $0.37 per diluted share, compared with $8.7 million, or $0.17 per diluted share in the same period last yearNon-GAAP net income of $26.4 million, or $0.45 per diluted share, compared with $16.9 million, or $0.30 per diluted share in the same period last year PLAINVIEW, N.Y., May 07, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced financial results for its first quarter ended March 31, 2024. Results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and are also reported
PLAINVIEW, N.Y., April 16, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) plans to release its first quarter 2024 financial results after the market closes on Tuesday, May 7, 2024. The company will host a conference call to review these results starting at 5:00 PM ET that day. To join the call, dial 1-877-407-8029 (toll free) or 1-201-689-8029. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00 PM ET that same evening. About Veeco Veeco (NASDAQ:VECO) is an innovative manufacturer of semiconductor process
Fourth Quarter 2023 Highlights: Revenue of $173.9 million, compared with $153.8 million in the same period last yearGAAP net income of $21.6 million, or $0.37 per diluted share, compared with $128.9 million, or $2.00 per diluted share in the same period last yearNon-GAAP net income of $29.8 million, or $0.51 per diluted share, compared with $21.9 million, or $0.38 per diluted share in the same period last year Fiscal Year 2023 Highlights: Revenue of $666.4 million, compared with $646.1 million in the same period last yearGAAP net loss of $30.4 million, or $0.56 loss per diluted share, included a $97.1 million loss related to debt refinancing, compared with net income of $166.9 million, or
PLAINVIEW, N.Y., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) plans to release its fourth quarter and full-year 2023 financial results after the market closes on Wednesday, February 14, 2024. The company will host a conference call to review these results starting at 5:00pm ET that day. To join the call, dial 1-877-407-8029 (toll-free) or 1-201-689-8029. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00pm ET that same evening. About Veeco Veeco (NASDAQ:VECO) is an innovative manufacturer
Third Quarter 2023 Highlights: Revenue of $177.4 million, compared with $171.9 million in the same period last yearGAAP net income of $24.6 million, or $0.42 per diluted share, compared with $15.0 million, or $0.27 per diluted share in the same period last yearNon-GAAP net income of $31.0 million, or $0.53 per diluted share, compared with $26.0 million, or $0.45 per diluted share in the same period last year PLAINVIEW, N.Y., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced financial results for its third quarter ended September 30, 2023. Results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and are als
PLAINVIEW, N.Y., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) plans to release its third quarter 2023 financial results after the market closes on Monday, November 6, 2023. The company will host a conference call to review these results starting at 5:00 PM ET that day. To join the call, dial 1-877-407-8029 (toll-free) or 1-201-689-8029. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00 PM ET that same evening. About Veeco Veeco (NASDAQ:VECO) is an innovative manufacturer of semiconductor proc