Veeco (VECO)

• Market cap: $1.02B
• 1 day: -1.89%
• 5 days: -9.18%
• 1 month: -16.78%
• 3 months: -35.14%
• 6 months: -41.79%
• Year to date: -34.78%
• 1 year: -46.21%
• 5 years: 90.17%
• 10 years: -43.45%
• Sector: Technology
• Industry: Semiconductor Equipment & Materials

About: Veeco Instruments Inc is a United States-based company engaged in designing, developing, and manufacturing thin-film process equipment, mainly used for producing electronic devices. The company focuses on semiconductor process equipment that addresses a range of challenging materials engineering problems for our customers. Its products include Laser Processing Systems, Lithography Systems, Ion Beam Systems, SiC CVD Systems, MOCVD Systems, Wet Processing Systems, MBE Technologies, Atomic Layer Deposition Systems, Physical Vapor Deposition Systems, Dicing and Lapping Systems, as well as Gas & Vapor Delivery Systems. The majority of the company's revenue is generated from sales to the Semiconductor Industry and within China.

Employees: 1,231

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

220% more call options, than puts

Call options by funds: $15M | Put options by funds: $4.67M

11% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 85

0.72% more ownership

Funds ownership: 104.04% [Q3] → 104.76% (+0.72%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

9% less funds holding

Funds holding: 251 [Q3] → 228 (-23) [Q4]

18% less capital invested

Capital invested by funds: $1.96B [Q3] → $1.59B (-$361M) [Q4]

43% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 46

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $25 42% upside
• Avg. target: $30 70% upside
• High target: $35 99% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Citigroup Atif Malik 12% 1-year accuracy 7 / 59 met price target	70% upside $30	Buy Maintained	13 Feb 2025
Benchmark Mark Miller 8% 1-year accuracy 3 / 36 met price target	76% upside $31	Buy Maintained	13 Feb 2025
Needham Charles Shi 3% 1-year accuracy 2 / 71 met price target	65% upside $29	Buy Maintained	13 Feb 2025
Barclays Tom O'Malley 26% 1-year accuracy 10 / 39 met price target	42% upside $25	Equal-Weight Maintained	13 Feb 2025
Oppenheimer Rick Schafer 17% 1-year accuracy 4 / 23 met price target	99% upside $35	Outperform Reiterated	7 Feb 2025