Out of 7 analysts covering Veeco Instruments Inc. (NASDAQ:VECO), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $30 is the highest target while $14 is the lowest. The $21.50 average target is 11.98% above today’s ($19.2) stock price. Veeco Instruments Inc. has been the topic of 14 analyst reports since October 14, 2015 according to StockzIntelligence Inc. Benchmark maintained the stock on September 12 with “Buy” rating. Below is a list of Veeco Instruments Inc. (NASDAQ:VECO) latest ratings and price target changes.
12/09/2016 Broker: Benchmark Rating: Buy Old Target: $21 New Target: $23 Maintain
02/08/2016 Broker: Deutsche Bank Old Rating: Hold New Rating: Buy Upgrade
13/05/2016 Broker: Pacific Crest Rating: Overweight Initiate
04/04/2016 Broker: Summit Research Old Rating: Sell New Rating: Hold Old Target: $12.00 New Target: $23.00 Upgrade
About 165,012 shares traded hands. Veeco Instruments Inc. (NASDAQ:VECO) has risen 10.45% since February 8, 2016 and is uptrending. It has underperformed by 6.04% the S&P500.
Veeco Instruments Inc. designs, manufactures, markets and supports thin film equipment. The company has a market cap of $777.07 million. The Company’s equipment is used to make electronic devices, including light emitting diodes , micro-electromechanical systems (MEMS), wireless devices, power electronics, hard disk drives (HDDs) and semiconductors. It currently has negative earnings. The Firm operates in four geographic regions: United States; China; Europe, the Middle East and Africa, and the Rest of World.
The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.47, from 1.56 in 2016Q1. The ratio turned negative, as 16 funds sold all Veeco Instruments Inc. shares owned while 40 reduced positions. 11 funds bought stakes while 50 increased positions. They now own 38.19 million shares or 0.68% more from 37.93 million shares in 2016Q1.
Broadview Advisors Llc holds 1.19% of its portfolio in Veeco Instruments Inc. for 480,225 shares. Sessa Capital Im L.P. owns 150,000 shares or 0.74% of their US portfolio. Moreover, Schneider Capital Management Corp has 0.61% invested in the company for 196,441 shares. The New York-based S Squared Technology Llc has invested 0.59% in the stock. River & Mercantile Asset Management Llp, a United Kingdom-based fund reported 75,550 shares.
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