Veeco Instruments Inc. (NASDAQ:VECO – Get Rating) – Stock analysts at Northland Capmk reduced their Q3 2023 earnings per share (EPS) estimates for Veeco Instruments in a research report issued on Wednesday, May 24th. Northland Capmk analyst G. Richard now forecasts that the semiconductor company will earn $0.26 per share for the quarter, down from their previous forecast of $0.28. The consensus estimate for Veeco Instruments’ current full-year earnings is $0.95 per share. Northland Capmk also issued estimates for Veeco Instruments’ FY2023 earnings at $1.00 EPS, Q2 2024 earnings at $0.38 EPS, Q3 2024 earnings at $0.43 EPS, Q4 2024 earnings at $0.38 EPS and FY2024 earnings at $1.52 EPS.
Other equities research analysts have also recently issued reports about the company. Northland Securities upped their target price on Veeco Instruments from $30.00 to $32.00 in a research note on Tuesday, May 9th. Benchmark upped their target price on Veeco Instruments from $26.00 to $28.00 in a research note on Tuesday, May 9th. Finally, StockNews.com assumed coverage on Veeco Instruments in a research note on Thursday, May 18th. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.60.
Veeco Instruments Stock Down 1.0 %
Institutional Trading of Veeco Instruments
Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in Veeco Instruments by 470.9% in the first quarter. Tower Research Capital LLC TRC now owns 1,570 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 1,295 shares during the period. US Bancorp DE increased its holdings in Veeco Instruments by 1,463.5% in the third quarter. US Bancorp DE now owns 1,626 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 1,522 shares during the period. Captrust Financial Advisors increased its holdings in Veeco Instruments by 125.0% in the first quarter. Captrust Financial Advisors now owns 2,115 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 1,175 shares during the period. Acadian Asset Management LLC acquired a new stake in Veeco Instruments in the first quarter valued at $47,000. Finally, Quadrant Capital Group LLC increased its holdings in Veeco Instruments by 146.0% in the third quarter. Quadrant Capital Group LLC now owns 2,438 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 1,447 shares during the period.
Veeco Instruments Company Profile
Veeco Instruments, Inc engages in the development, manufacture, sale and support of semiconductor process equipment. Its technologies consists of metal organic chemical vapor deposition, advanced packaging lithography, wet etch and clean, laser annealing, ion beam, molecular beam epitaxy, wafer inspection, and atomic layer deposition systems.
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