Analysts See $-0.02 EPS for Veeco Instruments Inc. (VECO)

February 14, 2018 - By Migdalia James

 Analysts See $ 0.02 EPS for Veeco Instruments Inc. (VECO)
Investors sentiment decreased to 1.04 in Q3 2017. Its down 1.69, from 2.73 in 2017Q2. It dived, as 33 investors sold Veeco Instruments Inc. shares while 43 reduced holdings. 20 funds opened positions while 59 raised stakes. 46.24 million shares or 2.00% more from 45.34 million shares in 2017Q2 were reported.
Envestnet Asset Mgmt has 2,579 shares for 0% of their portfolio. State Teachers Retirement accumulated 112,684 shares or 0.01% of the stock. Ubs Asset Mngmt Americas reported 0% of its portfolio in Veeco Instruments Inc. (NASDAQ:VECO). 429,955 were reported by Geode Cap Mgmt Limited Liability Com. Principal Finance Grp has 0.01% invested in Veeco Instruments Inc. (NASDAQ:VECO). Moreover, Westpac Banking has 0.03% invested in Veeco Instruments Inc. (NASDAQ:VECO) for 68,400 shares. Piedmont Investment Advisors Limited Liability Com has 0% invested in Veeco Instruments Inc. (NASDAQ:VECO). Employees Retirement Sys Of Texas has 17,120 shares. Voya Investment Management Ltd Llc owns 0% invested in Veeco Instruments Inc. (NASDAQ:VECO) for 21,585 shares. 25,659 were accumulated by Symphony Asset Mngmt Lc. State Street Corp reported 1.13 million shares. Ls Inv Advsr Ltd stated it has 1,628 shares or 0% of all its holdings. 320,893 were accumulated by Eaton Vance Management. D E Shaw And invested in 484,921 shares or 0.02% of the stock. Renaissance Limited Liability accumulated 0.03% or 1.30M shares.

Analysts expect Veeco Instruments Inc. (NASDAQ:VECO) to report $-0.02 EPS on February, 15.After having $-0.04 EPS previously, Veeco Instruments Inc.’s analysts see -50.00 % EPS growth. The stock increased 13.91% or $2.1 during the last trading session, reaching $17.2. About 3.58M shares traded or 303.57% up from the average. Veeco Instruments Inc. (NASDAQ:VECO) has risen 94.55% since February 14, 2017 and is uptrending. It has outperformed by 77.85% the S&P500.

Veeco Instruments Inc. (NASDAQ:VECO) Ratings Coverage

Among 13 analysts covering Veeco Instruments (NASDAQ:VECO), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Veeco Instruments had 31 analyst reports since August 5, 2015 according to SRatingsIntel. The company was upgraded on Monday, April 4 by Summit Research. The stock of Veeco Instruments Inc. (NASDAQ:VECO) earned “Hold” rating by Oppenheimer on Thursday, August 3. Deutsche Bank maintained it with “Hold” rating and $22 target in Wednesday, October 14 report. KeyBanc Capital Markets maintained Veeco Instruments Inc. (NASDAQ:VECO) rating on Thursday, October 12. KeyBanc Capital Markets has “Buy” rating and $31.0 target. The firm has “Hold” rating given on Friday, August 4 by Deutsche Bank. The firm earned “Hold” rating on Friday, December 11 by Summit Research. The stock of Veeco Instruments Inc. (NASDAQ:VECO) earned “Overweight” rating by KeyBanc Capital Markets on Friday, August 18. As per Friday, November 3, the company rating was maintained by Benchmark. As per Tuesday, October 24, the company rating was downgraded by KeyBanc Capital Markets. JP Morgan downgraded the stock to “Neutral” rating in Thursday, October 29 report.

Veeco Instruments Inc., together with its subsidiaries, designs, develops, makes, markets, and supports thin film process equipment to make light emitting diodes , micro-electromechanical systems (MEMS), power electronics, wireless devices, hard disk drives (HDDs), and semiconductor devices worldwide. The company has market cap of $830.79 million. It offers metal organic chemical vapor deposition systems; precision surface processing systems; ion beam etch and deposition systems; molecular beam epitaxy systems; and other deposition and industrial products, as well as support services. It currently has negative earnings. The firm sells its products to LED, MEMS, outsourced semiconductor assembly and test, HDD, and semiconductor manufacturers, as well as research centers and universities.

More notable recent Veeco Instruments Inc. (NASDAQ:VECO) news were published by: Newsday.com which released: “Veeco Instruments reports sharply higher 4Q revenue” on February 12, 2018, also Stockhouse.com with their article: “Veeco Instruments Inc. to Host Earnings Call” published on February 12, 2018, Prnewswire.com published: “Sino IP Office Rules in Favor of AMEC by Rendering Veeco Instruments …” on January 26, 2018. More interesting news about Veeco Instruments Inc. (NASDAQ:VECO) were released by: Fool.com and their article: “Why Veeco Instruments Inc. Stock Jumped on Tuesday” published on February 13, 2018 as well as Newsday.com‘s news article titled: “Veeco Instruments settles patent issue with competitors” with publication date: February 09, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.