Media stories about Veeco (NASDAQ:VECO) have been trending positive on Thursday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Veeco earned a news impact score of 0.25 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 46.7650210874662 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities research analysts have issued reports on the stock. Northland Securities assumed coverage on shares of Veeco in a report on Thursday, April 19th. They issued an “outperform” rating on the stock. TheStreet raised shares of Veeco from a “d+” rating to a “c” rating in a report on Monday, March 12th. Finally, Zacks Investment Research raised shares of Veeco from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a report on Saturday, May 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Veeco has a consensus rating of “Buy” and an average target price of $27.29.
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Shares of VECO opened at $17.15 on Thursday. The stock has a market cap of $796.11 million, a PE ratio of -857.50 and a beta of 0.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.17 and a current ratio of 2.80. Veeco has a 1-year low of $16.40 and a 1-year high of $16.77.
Veeco (NASDAQ:VECO) last announced its earnings results on Monday, May 7th. The semiconductor company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.14. The firm had revenue of $158.57 million for the quarter, compared to analyst estimates of $151.62 million. Veeco had a negative net margin of 11.24% and a positive return on equity of 0.51%. The company’s revenue for the quarter was up 67.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. research analysts expect that Veeco will post 0.41 EPS for the current year.
Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor process equipment worldwide. It offers metal organic chemical vapor deposition systems; packaging lithography equipment; precision surface processing systems; laser annealing systems; ion beam etch and deposition systems; molecular beam epitaxy systems; 3D wafer inspection systems; and atomic layer deposition and other deposition systems.