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 |
|---|---|---|---|
| 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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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 ("
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
PLAINVIEW, N.Y., May 13, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced that management is scheduled to participate in the following investor events: TD Cowen 52nd Annual Technology, Media & Telecom Conference on Wednesday, May 29, 2024, at the Lotte New York Palace in New York, New York. Veeco management will be available to meet one-on-one with investors during the conference. Interested investors should contact their Cowen representative to secure a meeting time. Stifel 2024 Cross Sector Insight Conference on Wednesday, June 5, 2024, at the Intercontinental Boston in Boston, MA. Veeco management will present at 10:20 AM ET. The presentation will be avail
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., May 07, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) announced today that a leading edge semiconductor company has placed an order for multiple laser annealing systems to accelerate the design and manufacturing of 2-nanometer gate-all-around logic semiconductor chips. The order includes LSA201™ Laser Spike Annealing Systems in addition to an NSA500™ Nanosecond Annealing System. Gate-all-around is a vertical stacking of planar channels resulting in improved device drive current capability with minimal leakage, less power consumption, and overall enhanced performance. "We are excited to have our annealing platforms chosen to accelerate next-generation gat
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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,
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
Throughout the last three months, 6 analysts have evaluated Veeco Instruments (NASDAQ:VECO), offering a diverse set of opinions from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 2 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $45.0, a high estimate of $55.00, and a low estimate of $35.00. This current average reflects an increase of 12.02
Citigroup analyst Atif Malik downgrades Veeco Instruments (NASDAQ:VECO) from Buy to Neutral and raises the price target from $45 to $50.
Veeco Instruments's (NYSE:VECO) short percent of float has fallen 3.64% since its last report. The company recently reported that it has 6.45 million shares sold short, which is 16.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 10.57 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short in
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Stifel cut the price target for General Mills, Inc. (NYSE:GIS) from $77 to $70. Stifel analyst Matthew Smith maintained a Buy rating. General Mills shares fell 4.6% to close at $64.17 on Wednesday. See how other analysts view this stock. Canaccord Genuity raised the price target for Hut 8 Corp. (NASDAQ:HUT) from $14 to $22. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. Hut 8 shares gained 4.8% to close at $15.32 on Wednesday. See how other analysts view this stock. Oppenheimer b
Analysts' ratings for Veeco Instruments (NASDAQ:VECO) over the last quarter vary from bullish to bearish, as provided by 5 analysts. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 2 0 0 3M Ago 0 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $44.0, a high estimate of $55.00, and a low estimate of $35.00. This upward trend is evident, with the current average reflecting a 12.
Oppenheimer analyst Rick Schafer maintains Veeco Instruments (NASDAQ:VECO) with a Outperform and raises the price target from $45 to $55.
NVIDIA Corp (NASDAQ:NVDA) kicked off the artificial intelligence and semiconductor booms, bringing along several semiconductor capital equipment companies. One analyst pointed to four small semicap companies, Entegris Inc (NASDAQ:ENTG), BE Semiconductor Industries NV (AMS: BESI), Veeco Instruments Inc. (NASDAQ:VECO) and Ultra Clean Holdings Inc (NASDAQ:UCTT), as companies that could outperform Wall Street expectations. The Semiconductor Analyst: Needham analyst Charles Shi issued Buy ratings for these company’s stock: Entegris with a price target of $150. BE Semiconductor Industries with a price target of 160 British pounds (@$204). Veeco Instruments with a price target of $
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
Northland Capital Markets reiterated coverage of Veeco Instruments with a rating of Outperform and set a new price target of $32.00 from $26.00 previously