John R. Peeler Buys 10,000 Shares of Veeco Instruments Inc. (VECO) Stock
Veeco Instruments Inc. (NASDAQ:VECO) CEO John R. Peeler purchased 10,000 shares of Veeco Instruments stock in a transaction on Friday, August 10th. The shares were acquired at an average cost of $11.45 per share, for a total transaction of $114,500.00. Following the completion of the transaction, the chief executive officer now owns 393,162 shares of the company’s stock, valued at $4,501,704.90. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NASDAQ VECO opened at $11.40 on Friday. Veeco Instruments Inc. has a 52 week low of $10.85 and a 52 week high of $22.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.20 and a current ratio of 2.94. The firm has a market cap of $563.54 million, a PE ratio of -570.00 and a beta of 0.56.
Veeco Instruments (NASDAQ:VECO) last posted its earnings results on Thursday, August 2nd. The semiconductor company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Veeco Instruments had a negative net margin of 47.49% and a positive return on equity of 1.26%. The business had revenue of $157.78 million for the quarter, compared to analysts’ expectations of $160.35 million. During the same period in the previous year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. equities research analysts anticipate that Veeco Instruments Inc. will post 0.19 earnings per share for the current year.
A number of brokerages have weighed in on VECO. Northland Securities began coverage on shares of Veeco Instruments in a research report on Thursday, April 19th. They set an “outperform” rating on the stock. BidaskClub cut shares of Veeco Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. ValuEngine cut shares of Veeco Instruments from a “sell” rating to a “strong sell” rating in a research report on Friday, May 18th. Benchmark reaffirmed a “hold” rating and set a $38.00 price target on shares of Veeco Instruments in a research report on Friday, August 3rd. Finally, Zacks Investment Research raised shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research report on Saturday, May 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Veeco Instruments currently has a consensus rating of “Hold” and a consensus price target of $26.20.
Veeco Instruments Company Profile
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.
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