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Technology - Semiconductors - NASDAQ - US
$ 26.43
-3.22 %
$ 1.5 B
Market Cap
19.01
P/E
1. INTRINSIC VALUE

Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, and atomic layer deposition and other deposition systems, as well as packaging lithography equipment. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices.[ Read More ]

The intrinsic value of one VECO stock under the base case scenario is HIDDEN Compared to the current market price of 26.4 USD, Veeco Instruments Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart VECO

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FINANCIALS
666 M REVENUE
3.14%
69.9 M OPERATING INCOME
15.99%
-30.4 M NET INCOME
-18.19%
61.7 M OPERATING CASH FLOW
-43.15%
-53.3 M INVESTING CASH FLOW
22.58%
-4.68 M FINANCING CASH FLOW
-2.86%
185 M REVENUE
5.08%
24.3 M OPERATING INCOME
40.88%
21.4 M NET INCOME
38.71%
17.6 M OPERATING CASH FLOW
108.33%
-29.6 M INVESTING CASH FLOW
-197.78%
895 K FINANCING CASH FLOW
-44.75%
Balance Sheet Decomposition Veeco Instruments Inc.
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Current Assets 706 M
Cash & Short-Term Investments 305 M
Receivables 127 M
Other Current Assets 273 M
Non-Current Assets 523 M
Long-Term Investments 0
PP&E 143 M
Other Non-Current Assets 380 M
Current Liabilities 218 M
Accounts Payable 42.4 M
Short-Term Debt 4.02 M
Other Current Liabilities 172 M
Non-Current Liabilities 339 M
Long-Term Debt 306 M
Other Non-Current Liabilities 32.1 M
EFFICIENCY
Earnings Waterfall Veeco Instruments Inc.
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Revenue 666 M
Cost Of Revenue 381 M
Gross Profit 285 M
Operating Expenses 215 M
Operating Income 69.9 M
Other Expenses 100 M
Net Income -30.4 M
RATIOS
42.77% GROSS MARGIN
42.77%
10.49% OPERATING MARGIN
10.49%
-4.56% NET MARGIN
-4.56%
-4.52% ROE
-4.52%
-2.47% ROA
-2.47%
7.91% ROIC
7.91%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Veeco Instruments Inc.
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Net Income -30.4 M
Depreciation & Amortization 25 M
Capital Expenditures -27.9 M
Stock-Based Compensation 28.6 M
Change in Working Capital -58.5 M
Others 71.4 M
Free Cash Flow 33.7 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Veeco Instruments Inc.
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Wall Street analysts predict an average 1-year price target for VECO of $39.1 , with forecasts ranging from a low of $24 to a high of $55 .
VECO Lowest Price Target Wall Street Target
24 USD -9.19%
VECO Average Price Target Wall Street Target
39.1 USD 48.10%
VECO Highest Price Target Wall Street Target
55 USD 108.10%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Veeco Instruments Inc.
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Sold
0-3 MONTHS
226 K USD 1
3-6 MONTHS
321 K USD 1
6-9 MONTHS
2.59 M USD 4
9-12 MONTHS
2.87 M USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
6 days ago
Nov 11, 2024
Sell 71.7 K USD
KIERNAN JOHN P
SVP & CHIEF FINANCIAL OFFICER
- 2500
28.67 USD
1 month ago
Oct 10, 2024
Sell 81.6 K USD
KIERNAN JOHN P
SVP & CHIEF FINANCIAL OFFICER
- 2500
32.63 USD
2 months ago
Sep 10, 2024
Sell 72.6 K USD
KIERNAN JOHN P
SVP & CHIEF FINANCIAL OFFICER
- 2500
29.0394 USD
3 months ago
Aug 12, 2024
Sell 91.2 K USD
KIERNAN JOHN P
SVP & CHIEF FINANCIAL OFFICER
- 2500
36.4833 USD
4 months ago
Jul 10, 2024
Sell 121 K USD
KIERNAN JOHN P
SVP & CHIEF FINANCIAL OFFICER
- 2500
48.4552 USD
5 months ago
Jun 10, 2024
Sell 108 K USD
KIERNAN JOHN P
SVP & CHIEF FINANCIAL OFFICER
- 2500
43.3896 USD
6 months ago
May 13, 2024
Sell 151 K USD
St Dennis Thomas
Director
- 4000
37.723 USD
6 months ago
May 09, 2024
Sell 1.15 M USD
Miller William John
CEO
- 30000
38.19 USD
7 months ago
Mar 21, 2024
Sell 854 K USD
Miller William John
CEO
- 24201
35.304 USD
8 months ago
Mar 14, 2024
Sell 170 K USD
Devasahayam Adrian
SVP - PRODUCT LINE DEVELOPMENT
- 5000
34.1 USD
8 months ago
Mar 13, 2024
Sell 87 K USD
Wilkerson Susan
SVP, GLOBAL SALES & SERVICE
- 2519
34.54 USD
8 months ago
Mar 06, 2024
Sell 182 K USD
Devasahayam Adrian
SVP - PRODUCT LINE DEVELOPMENT
- 5000
36.41 USD
10 months ago
Jan 17, 2024
Sell 902 K USD
Miller William John
CEO
- 30000
30.069 USD
11 months ago
Dec 15, 2023
Sell 75.8 K USD
KIERNAN JOHN P
SVP & CHIEF FINANCIAL OFFICER
- 2439
31.078 USD
11 months ago
Dec 18, 2023
Sell 263 K USD
KIERNAN JOHN P
SVP & CHIEF FINANCIAL OFFICER
- 8486
31.039 USD
10 months ago
Dec 19, 2023
Sell 127 K USD
KIERNAN JOHN P
SVP & CHIEF FINANCIAL OFFICER
- 4075
31.045 USD
11 months ago
Nov 27, 2023
Sell 871 K USD
Miller William John
CEO
- 30000
29.0483 USD
11 months ago
Nov 27, 2023
Sell 435 K USD
KIERNAN JOHN P
SVP & CHIEF FINANCIAL OFFICER
- 15000
29.0182 USD
11 months ago
Nov 30, 2023
Sell 200 K USD
St Dennis Thomas
Director
- 7005
28.52 USD
1 year ago
Nov 08, 2023
Sell 23.9 K USD
RAYMOND MARY JANE
Director
- 900
26.5546 USD
1 year ago
Aug 29, 2023
Sell 44 K USD
Wilkerson Susan
SVP, GLOBAL SALES & SERVICE
- 1545.732
28.4899 USD
1 year ago
Aug 11, 2023
Sell 140 K USD
Devasahayam Adrian
SVP - PRODUCT LINE DEVELOPMENT
- 4671
30 USD
1 year ago
Aug 11, 2023
Sell 150 K USD
Wilkerson Susan
SVP, GLOBAL SALES & SERVICE
- 5000
29.96 USD
1 year ago
Aug 11, 2023
Sell 45.1 K USD
RAYMOND MARY JANE
Director
- 1500
30.05 USD
1 year ago
May 31, 2023
Sell 52.3 K USD
Wilkerson Susan
SVP, GLOBAL SALES & SERVICE
- 2163
24.18 USD
1 year ago
Feb 21, 2023
Sell 46.8 K USD
Wilkerson Susan
- 2200
21.25 USD
2 years ago
May 13, 2022
Bought 54 K USD
St Dennis Thomas
director:
+ 2500
21.6 USD
2 years ago
May 11, 2022
Bought 104 K USD
KIERNAN JOHN P
director: SVP & CHIEF FINANCIAL OFFICER
+ 5000
20.79 USD
2 years ago
May 11, 2022
Bought 102 K USD
Miller William John
director: CEO
+ 5000
20.3 USD
2 years ago
Dec 03, 2021
Sell 49.6 K USD
Wilkerson Susan
SVP, Global Sales & Service
- 1896
26.14 USD
3 years ago
Nov 08, 2021
Sell 175 K USD
SIMONE PETER J
Director
- 6451
27.0793 USD
3 years ago
May 06, 2021
Sell 109 K USD
Wilkerson Susan
SVP, Global Sales & Service
- 5000
21.82 USD
5 years ago
Nov 06, 2019
Sell 74.9 K USD
SIMONE PETER J
Director
- 4549
16.4642 USD
5 years ago
Nov 06, 2019
Sell 74.9 K USD
SIMONE PETER J
Director
- 4549
16.4642 USD
6 years ago
Aug 23, 2018
Bought 50.2 K USD
Maheshwari Shubham
EVP & CFO
+ 5000
10.05 USD
6 years ago
Aug 10, 2018
Bought 114 K USD
PEELER JOHN R
Chairman & CEO
+ 10000
11.446 USD
6 years ago
Aug 09, 2018
Bought 103 K USD
Maheshwari Shubham
EVP & CFO
+ 8900
11.595 USD
6 years ago
Aug 07, 2018
Bought 118 K USD
Miller William John
President
+ 10000
11.795 USD
6 years ago
Dec 13, 2017
Bought 68.2 K USD
KIERNAN JOHN P
SVP Fin, Corp. Cntlr. & Treas.
+ 5000
13.65 USD
6 years ago
Dec 13, 2017
Bought 206 K USD
Miller William John
President
+ 15000
13.75 USD
6 years ago
Dec 13, 2017
Bought 103 K USD
Maheshwari Shubham
EVP & CFO
+ 7500
13.74 USD
6 years ago
Dec 13, 2017
Bought 500 K USD
PEELER JOHN R
Chairman & CEO
+ 36200
13.81 USD
7 years ago
May 30, 2017
Sell 136 K USD
SIMONE PETER J
Director
- 4257
31.91 USD
7 years ago
May 19, 2017
Sell 267 K USD
Miller William John
President
- 8481
31.51 USD
7 years ago
May 12, 2017
Sell 479 K USD
PEELER JOHN R
Chairman & CEO
- 14463
33.1 USD
7 years ago
May 08, 2017
Sell 287 K USD
KIERNAN JOHN P
SVP Fin, Corp. Cntlr. & Treas.
- 8836
32.44 USD
7 years ago
May 08, 2017
Sell 287 K USD
KIERNAN JOHN P
SVP Fin, Corp. Cntlr. & Treas.
- 8836
32.44 USD
7 years ago
Dec 15, 2016
Sell 67.5 K USD
Maheshwari Shubham
EVP & CFO
- 2250
30 USD
8 years ago
Dec 07, 2015
Sell 23.7 K USD
Miller William John
EVP Process Equipment
- 1210
19.6 USD
9 years ago
Jun 15, 2015
Sell 68.3 K USD
Miller William John
EVP Process Equipment
- 2227
30.65 USD
9 years ago
Jun 08, 2015
Sell 1.37 M USD
PEELER JOHN R
Chairman & CEO
- 44418
30.87 USD
7. News
Veeco Instruments Inc. (VECO) Q3 2024 Earnings Call Transcript Veeco Instruments Inc. (VECO) Q3 2024 Earnings Call Transcript seekingalpha.com - 1 week ago
Veeco Instruments (VECO) Q3 Earnings and Revenues Top Estimates Veeco Instruments (VECO) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.53 per share a year ago. zacks.com - 1 week ago
Invesco Ltd.'s Strategic Reduction in Veeco Instruments Inc. In a notable move within the investment community, Invesco Ltd. (Trades, Portfolio) recently adjusted its holdings in Veeco Instruments Inc. (VECO, Financial), a key player in the semiconductor sector. gurufocus.com - 1 month ago
Veeco Instruments Inc (VECO) Shares Up 3.28% on Oct 2 Shares of Veeco Instruments Inc (VECO, Financial) surged 3.28% in mid-day trading on Oct 2. The stock reached an intraday high of $33.30, before settling at $33.23, up from its previous close of $32.17. gurufocus.com - 1 month ago
Veeco Announces Agreement with IBM to Explore Wet Processing System for Advanced Packaging Applications Veeco's WaferStorm® Wet Processing System to Enable Essential Cleaning Processes in Hybrid Bonding for IBM Veeco's WaferStorm® Wet Processing System to Enable Essential Cleaning Processes in Hybrid Bonding for IBM globenewswire.com - 3 months ago
Veeco Announces Upcoming Investor Events PLAINVIEW, N.Y., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced that management is scheduled to participate in the following investor events: globenewswire.com - 3 months ago
Zacks Industry Outlook MKS Instruments and Veeco Instruments MKS Instruments and Veeco Instruments have been highlighted in this Industry Outlook article. zacks.com - 3 months ago
Veeco Instruments Inc. (VECO) Q2 2024 Earnings Call Transcript Veeco Instruments Inc. (VECO) Q2 2024 Earnings Call Transcript seekingalpha.com - 3 months ago
Veeco Instruments (VECO) Q2 Earnings Miss Estimates Veeco Instruments (VECO) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.36 per share a year ago. zacks.com - 3 months ago
2 Electronics Stocks to Buy From a Prospering Industry The Zacks Electronics - Manufacturing Machinery industry participants like MKS Instruments (MKSI) and Veeco Instruments (VECO) are benefiting from increased capital spending on high-performance computing, advanced packaging and memory. zacks.com - 3 months ago
Veeco Instruments (VECO) Earnings Expected to Grow: Should You Buy? Veeco (VECO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 3 months ago
Down -15.52% in 4 Weeks, Here's Why You Should You Buy the Dip in Veeco (VECO) The heavy selling pressure might have exhausted for Veeco (VECO) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal. zacks.com - 3 months ago
8. Profile Summary

Veeco Instruments Inc. VECO

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COUNTRY US
INDUSTRY Semiconductors
MARKET CAP $ 1.5 B
Dividend Yield 0.00%
Description Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, and atomic layer deposition and other deposition systems, as well as packaging lithography equipment. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices. In addition, the company markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test, hard disk drive, and photonics manufacturers; and research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.
Contact 1 Terminal Drive, Plainview, NY, 11803 https://www.veeco.com
IPO Date Nov. 29, 1994
Employees 1215
Officers Ms. Susan Wilkerson Senior Vice President of Global Sales & Services Mr. Kirk W. Mackey Vice President, Head of Legal, General Counsel & Secretary Mr. Anthony Pappone Head of Investor Relations Mr. Robert W. Bradshaw Chief Administrative Officer Mr. Jean-Charles Bossert Senior Vice President of Global Operations Dr. Peter Porshnev Ph.D. Senior Vice President of Unified Engineering Dr. William John Miller Ph.D. Chief Executive Officer & Director Dr. Adrian Devasahayam Ph.D. Senior Vice President of Product Line Management