Veeco Instruments Inc. (NASDAQ:VECO – Get Rating)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $20.04 and last traded at $20.07, with a volume of 3332 shares changing hands. The stock had previously closed at $22.77.
A number of equities research analysts have commented on VECO shares. StockNews.com started coverage on Veeco Instruments in a report on Thursday, March 31st. They set a “hold” rating on the stock. Oppenheimer decreased their price target on Veeco Instruments from $40.00 to $35.00 in a report on Thursday, May 5th. Benchmark raised their price target on Veeco Instruments from $28.00 to $35.00 in a report on Wednesday, January 12th. Zacks Investment Research raised Veeco Instruments from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, April 20th. Finally, Barclays lifted their target price on Veeco Instruments from $27.00 to $35.00 in a report on Wednesday, January 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Veeco Instruments currently has an average rating of “Buy” and a consensus target price of $32.14.
The stock has a market capitalization of $1.02 billion, a P/E ratio of 40.76 and a beta of 1.35. 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 company has a fifty day moving average price of $26.15 and a 200-day moving average price of $26.82.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VECO. Outfitter Financial LLC purchased a new position in shares of Veeco Instruments during the fourth quarter valued at approximately $36,000. Private Capital Group LLC purchased a new position in shares of Veeco Instruments during the first quarter valued at approximately $42,000. Royal Bank of Canada boosted its position in shares of Veeco Instruments by 82.2% during the second quarter. Royal Bank of Canada now owns 3,726 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 1,681 shares during the period. Advisor Group Holdings Inc. boosted its position in shares of Veeco Instruments by 315.4% during the first quarter. Advisor Group Holdings Inc. now owns 4,644 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 3,526 shares during the period. Finally, FinTrust Capital Advisors LLC purchased a new position in shares of Veeco Instruments during the first quarter valued at approximately $163,000. Institutional investors own 97.66% of the company’s stock.
About Veeco Instruments (NASDAQ:VECO)
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.
- Get a free copy of the StockNews.com research report on Veeco Instruments (VECO)
- High-Yield Deep-Value LCI Industries Exceeds All Expectations
- Shopify (NYSE: SHOP) Approaches Key Support Level
- The Low In Lordstown Motors May Not Be The Last
- Intuitive Surgical is an Intuitive Buy
- Follow The Money To Cigna
Receive News & Ratings for Veeco Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeco Instruments and related companies with MarketBeat.com's FREE daily email newsletter.