A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of G1 Therapeutics from a buy rating to a hold rating in a report on Thursday, May 16th. ValuEngine raised shares of XCel Brands from a sell rating to a hold rating in a report on Tuesday, July 9th. Northland Securities reissued a buy rating and set a $14.00 price objective on shares of Veeco Instruments in a report on Monday, May 6th. Finally, Benchmark reissued a buy rating and set a $305.00 price objective (up previously from $295.00) on shares of NetEase in a report on Thursday, May 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Veeco Instruments has a consensus rating of Hold and an average target price of $14.25.
VECO opened at $11.86 on Thursday. Veeco Instruments has a twelve month low of $6.27 and a twelve month high of $16.30. The stock has a 50-day moving average price of $11.71. The company has a current ratio of 3.32, a quick ratio of 2.34 and a debt-to-equity ratio of 0.69. The company has a market cap of $558.30 million, a price-to-earnings ratio of -296.50 and a beta of 1.25.
Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its holdings in shares of Veeco Instruments by 20.2% in the fourth quarter. Rhumbline Advisers now owns 141,537 shares of the semiconductor company’s stock valued at $1,049,000 after buying an additional 23,757 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of Veeco Instruments in the fourth quarter valued at about $135,000. California Public Employees Retirement System raised its holdings in shares of Veeco Instruments by 8.7% in the fourth quarter. California Public Employees Retirement System now owns 356,220 shares of the semiconductor company’s stock valued at $2,640,000 after buying an additional 28,408 shares during the last quarter. Neuburgh Advisers LLC raised its holdings in shares of Veeco Instruments by 47.2% in the fourth quarter. Neuburgh Advisers LLC now owns 7,040 shares of the semiconductor company’s stock valued at $52,000 after buying an additional 2,256 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Veeco Instruments by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 565,660 shares of the semiconductor company’s stock valued at $4,191,000 after buying an additional 15,139 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.
About Veeco Instruments
Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. It offers metal organic chemical vapor deposition systems; packaging lithography equipment; precision surface processing systems; laser annealing systems; ion beam deposition and etch systems; molecular beam epitaxy systems; 3D wafer inspection systems; and atomic layer deposition and other deposition systems.
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