VeecoVECO
Market Cap: $1.68B
About: Veeco Instruments Inc is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company's product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of the total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.
Employees: 1,215
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
90% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 30
76% more call options, than puts
Call options by funds: $15.2M | Put options by funds: $8.64M
67% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 5 (+2) [Q2]
33% more capital invested
Capital invested by funds: $2.12B [Q1] → $2.82B (+$702M) [Q2]
12% more funds holding
Funds holding: 234 [Q1] → 261 (+27) [Q2]
0.32% less ownership
Funds ownership: 107.11% [Q1] → 106.79% (-0.32%) [Q2]
9% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 92
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Goldman Sachs Brian Lee 59% 1-year accuracy 27 / 46 met price target | 18%upside $35 | Neutral Maintained | 8 Aug 2024 |
Benchmark Mark Miller 36% 1-year accuracy 14 / 39 met price target | 42%upside $42 | Buy Reiterated | 7 Aug 2024 |
Northland Capital Markets Gus Richard 43% 1-year accuracy 9 / 21 met price target | 58%upside $47 | Outperform Maintained | 7 Aug 2024 |
Needham Charles Shi 21% 1-year accuracy 14 / 67 met price target | 85%upside $55 | Buy Reiterated | 7 Aug 2024 |
Citigroup Atif Malik 55% 1-year accuracy 21 / 38 met price target | 69%upside $50 | Neutral Downgraded | 15 Jul 2024 |