Media coverage about Veeco Instruments (NASDAQ:VECO) has trended somewhat positive on Friday, according to AlphaOne Sentiment. The research group, a unit of Accern, rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Veeco Instruments earned a news impact score of 0.07 on AlphaOne’s scale. AlphaOne also assigned headlines about the semiconductor company an impact score of 59 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted AlphaOne’s scoring:
- Interesting VECO Put And Call Options For May 19th (nasdaq.com)
- Zacks: Analysts Anticipate Veeco Instruments Inc. (VECO) Will Announce Quarterly Sales of $93.38 Million (americanbankingnews.com)
- Veeco Instruments Inc. (VECO) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- PHA Philadelphia Housing Authority : Board of Commissioners Agenda for April 2017 (4-traders.com)
- Analysts Expect Veeco Instruments Inc. (VECO) Will Announce Earnings of -$0.01 Per Share (americanbankingnews.com)
Veeco Instruments (NASDAQ:VECO) traded up 1.97% on Friday, reaching $31.00. The company’s stock had a trading volume of 555,863 shares. The stock’s market cap is $1.26 billion. The firm’s 50-day moving average price is $28.86 and its 200-day moving average price is $26.63. Veeco Instruments has a 52-week low of $15.53 and a 52-week high of $31.10.
Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings results on Thursday, February 16th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business earned $93.60 million during the quarter, compared to the consensus estimate of $93.41 million. Veeco Instruments had a negative return on equity of 4.59% and a negative net margin of 36.77%. The company’s quarterly revenue was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 EPS. On average, equities analysts expect that Veeco Instruments will post $0.71 earnings per share for the current year.
Several equities research analysts have recently commented on the company. Needham & Company LLC raised Veeco Instruments from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, February 3rd. Zacks Investment Research cut Veeco Instruments from a “buy” rating to a “hold” rating in a research note on Friday, January 6th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $24.00 price objective on shares of Veeco Instruments in a research note on Thursday, January 12th. Benchmark Co. reaffirmed a “buy” rating and set a $35.00 price objective (up from $32.50) on shares of Veeco Instruments in a research note on Wednesday, March 22nd. Finally, Bank of America Corp raised Veeco Instruments from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Friday, February 10th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.43.
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Veeco Instruments Company Profile
Veeco Instruments Inc is engaged in the design, development, manufacture and support of thin film process equipment, primarily sold to make electronic devices. The Company’s geographical segments include the United States; China; Europe, Middle East and Africa (EMEA), and Rest of World (ROW). The Company’s portfolio of technology solutions focus on market areas, including Lighting, Display & Power Electronics; Advanced Packaging, micro-electromechanical systems (MEMS) & radio frequency (RF); Scientific & Industrial, and Data Storage.
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