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Veeco Instruments

Veeco Instruments Inc is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company's product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of the total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.

Veeco Instruments Inc

Oppenheimer analyst Rick Schafer maintains Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) with a Outperform and lowers the price target from $45 to $40.

News

Price Target

Analyst Ratings

VECO

Oppenheimer Maintains Outperform on Veeco Instruments, Lowers Price Target to $40

Goldman Sachs analyst Brian Lee maintains Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) with a Neutral and lowers the price target from $35 to $30.

Goldman Sachs Maintains Neutral on Veeco Instruments, Lowers Price Target to $30

Benchmark analyst Mark Miller maintains Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) with a Buy and lowers the price target from $42 to $38.

Benchmark Maintains Buy on Veeco Instruments, Lowers Price Target to $38

Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.45 by 2.22 percent. The company reported quarterly sales of $184.807 million which beat the analyst consensus estimate of $180.534 million by 2.37 percent. This is a 4.20 percent increase over sales of $177.366 million the same period last year.

Earnings

Earnings Beats

Veeco Instruments Q3 2024 Adj. EPS $0.46 Beats $0.45 Estimate, Sales $184.807M Beat $180.534M Estimate

Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) is looking for Q4 GAAP EPS of $0.18-0.27 vs $0.28 analyst estimate..

Guidance

Veeco Instruments Sees Q4 GAAP EPS $0.18-0.27 vs $0.28 Est

Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) is looking for Q4 Adj EPS of $0.35-0.45 vs $0.46 analyst estimate. seessales of $165.000 million-185.000 million vs $182.98 million estimate.

Veeco Instruments Sees Q4 Adj EPS $0.35-0.45 vs $0.46 Est; Sees Sales $165.000M-185.000M vs $182.98M Est

Retail Sales

Veeco Instruments Announced It Received Over $50M In Orders In 2024 For Its WaferStorm System

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General

Veeco shares are trading higher after the company announced an agreement with IBM to explore a wet processing system for advanced packaging applications.

<a href="https://www.globenewswire.com/Tracker?data=xhaaFzFSjtCqIZZDlfrO_iQyAezxqAB11OhP37DTOGxXCeoXwJLEL1cWVO5ci5g7N_vVHCPxN0IQXtLcX3YODwqnl84Yrx4O8kEipd4Fn1M=">Veeco Instruments Inc</a>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) today announced that IBM selected the <a href="https://www.globenewswire.com/Tracker?data=XU0zIWp2w6383jFZg-qNG1xwO5qzfherIXNhY5SBF-ocPsBbSH1-NwehBqOe7K6kVSLUxsdMRz83rpAUqFkElv8lMFOl5JNm0VSI0-NZ4Edb0W1F2O62BP-WPw8PGeRsCcKz5LR9be9hwB0GS-0EllGZ-ng4u6wNLxOqW7vUgRrQmuq5fGGrhxeRoPInhzIu">WaferStorm&#xAE; Wet Processing System</a> 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&amp;D in advanced packaging and chiplet technologies.
The WaferStorm system enables crucial hybrid bonding cleaning processes such as resist strip, temporary bonding strip, and pre-bond cleaning with low defectivity thresholds at 40nm and 60nm. TheWaferStorm Wet Processing System's ImmJET multi-wafer immersion and high-pressure spray technology can perform multiple processes on one flexible platform that can handle multiple wafer sizes and thicknesses with minimal hardware modifications.

Veeco And IBM Announce Agreement To Explore Wet Processing System For Advanced Packaging Applications

Goldman Sachs analyst Brian Lee maintains Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) with a Neutral and lowers the price target from $39 to $35.

Goldman Sachs Maintains Neutral on Veeco Instruments, Lowers Price Target to $35

Benchmark analyst Mark Miller reiterates Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) with a Buy and maintains $42 price target.

Reiteration

Benchmark Reiterates Buy on Veeco Instruments, Maintains $42 Price Target

Northland Capital Markets analyst Gus Richard maintains Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) with a Outperform and lowers the price target from $53 to $47.

Northland Capital Markets Maintains Outperform on Veeco Instruments, Lowers Price Target to $47

During the last three months, 4 analysts shared their evaluations of Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Veeco Instruments, presenting an average target of $51.25, a high estimate of $55.00, and a low estimate of $45.00. This upward trend is evident, with the current average reflecting a 10.81% increase from the previous average price target of $46.25.
<img src="https://www.benzinga.com/files/images/story/2024/1723039307_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Veeco Instruments. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Charles Shi</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$55.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$50.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Rick Schafer</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Rick Schafer</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$45.00</td>
<td>$40.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Veeco Instruments. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Veeco Instruments compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Veeco Instruments's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Veeco Instruments's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/VECO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Veeco Instruments analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Veeco Instruments</h2>
Veeco Instruments Inc is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company's product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of the total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.
<h3>Veeco Instruments's Financial Performance</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Veeco Instruments displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 13.67%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Veeco Instruments's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 12.82% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Veeco Instruments's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.29%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.82%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Veeco Instruments's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.45.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From Veeco Instruments Analyst Ratings: What You Need To Know

Needham analyst Charles Shi reiterates Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) with a Buy and maintains $55 price target.

Needham Reiterates Buy on Veeco Instruments, Maintains $55 Price Target

Veeco Sees Q3 Adj. EPS $0.39-$0.49 vs $0.46 Est., Revenue $170M-$190M vs $181.89M Est.

Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) reported quarterly earnings of $0.42 per share which missed the analyst consensus estimate of $0.43 by 2.33 percent. This is a 16.67 percent increase over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $175.879 million which missed the analyst consensus estimate of $175.926 million by 0.03 percent. This is a 8.81 percent increase over sales of $161.641 million the same period last year.

Earnings Misses

Veeco Instruments Q2 2024 Adj. EPS $0.42 Misses $0.43 Estimate, Sales $175.879M Miss $175.926M Estimate

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Veeco Instruments Inc. 2024 Q3 - Results - Earnings Call Presentation

Veeco Instruments Inc. (VECO) Q3 2024 Earnings Call Transcript

Veeco Instruments Inc ( ($VECO) ) has released its Q3 earnings. Here is a breakdown of the information Veeco Instruments Inc presented to its inves...

Veeco Instruments Reports Stable Q3 2024 Results

Veeco (VECO – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst

Hold Rating for Veeco Amidst Anticipated Revenue Headwinds in Chinese and Data Storage Markets

Barclays analyst Tom O'Malley lowered the firm's price target on Veeco (VECO) to $30 from $35 and keeps an Equal Weight rating on the shares. After...

Veeco price target lowered to $30 from $35 at Barclays

Benchmark Co. analyst Mark Miller has maintained their bullish stance on VECO stock, giving a Buy rating on November 4. Mark Miller has given his B...

Veeco Instruments: Strong Q3 Performance and AI-Driven Growth Justify Buy Rating

Benchmark lowered the firm's price target on Veeco (VECO) to $38 from $42 and keeps a Buy rating on the shares. Non-GAAP EPS of 46c was one cent ab...

Veeco price target lowered to $38 from $42 at Benchmark

Chips mostly rise as earnings fly in; Qualcomm gives up gains

Analyst Charles Shi of Needham maintained a Buy rating on Veeco (VECO – Research Report), with a price target of $35.00. Charles Shi gave his ratin...

Veeco: Buy Rating Supported by AI Opportunities Amidst Cautious 2025 Outlook

Veeco Instruments: Could Be On Hold For A While Going Into 2025

Press Releases

Veeco Reports First Quarter 2024 Financial Results

Veeco Announces Upcoming Investor Events

Veeco Announces Date for Second Quarter Financial Results and Conference Call

Veeco Reports Second Quarter 2024 Financial Results

Veeco Announces Agreement with IBM to Explore Wet Processing System for Advanced Packaging Applications

Veeco Announces Date for Third Quarter  Financial Results and Conference Call

Veeco Announces Over $50 Million in Wet Processing System Orders Supporting Advanced Packaging for AI

Veeco Reports Third Quarter 2024 Financial Results

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