Veeco (VECO)

• Market cap: $1.43B
• 1 day: -2.10%
• 5 days: 2.40%
• 1 month: -8.91%
• 3 months: -6.82%
• 6 months: -35.04%
• Year to date: -8.41%
• 1 year: -26.94%
• 5 years: 64.98%
• 10 years: -16.51%
• Sector: Industrials
• Industry: Special Industry Machinery

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 filings by fund managers ($100M+ AUM)

220% more call options, than puts

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

8% more repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 85

1.59% less ownership

Funds ownership: 104.62% [Q3] → 103.02% (-1.59%) [Q4]

10% less funds holding

Funds holding: 252 [Q3] → 226 (-26) [Q4]

22% less capital invested

Capital invested by funds: $1.97B [Q3] → $1.54B (-$427M) [Q4]

40% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 45

100% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $25 1% upside
• Avg. target: $30 21% upside
• High target: $35 42% upside

5 analyst ratings

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

Citigroup Atif Malik 69% 1-year accuracy 35 / 51 met price target	21% upside $30	Buy Maintained	13 Feb 2025
Benchmark Mark Miller 49% 1-year accuracy 18 / 37 met price target	25% upside $31	Buy Maintained	13 Feb 2025
Needham Charles Shi 31% 1-year accuracy 25 / 81 met price target	17% upside $29	Buy Maintained	13 Feb 2025
Barclays Tom O'Malley 53% 1-year accuracy 23 / 43 met price target	1% upside $25	Equal-Weight Maintained	13 Feb 2025
Oppenheimer Rick Schafer 62% 1-year accuracy 16 / 26 met price target	42% upside $35	Outperform Reiterated	7 Feb 2025