VECO - Veeco Instruments Inc Stock Price, Fair Value and News

39.65USD+2.16 (+5.76%)Delayed as of 08 May 2024, 02:56 pm ET

Market Summary

USD39.65+2.16

Delayedas of 08 May 2024, 02:56 pm

5.76%

VECO Alerts

Big jump in Earnings (Y/Y)

VECO Stock Price

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VECO RSI Chart

VECO Valuation

Market Cap

2.1B

Price/Earnings (Trailing)

-123.06

Price/Sales (Trailing)

3.09

EV/EBITDA

99.83

Price/Free Cashflow

70.44

VECO Price/Sales (Trailing)

VECO Profitability

EBT Margin

-2.12%

Return on Equity

-2.51%

Return on Assets

-1.4%

Free Cashflow Yield

1.42%

VECO Fundamentals

VECO Revenue

Revenue (TTM)

687.4M

Rev. Growth (Yr)

13.67%

Rev. Growth (Qtr)

0.32%

VECO Earnings

Earnings (TTM)

-17.3M

Earnings Growth (Yr)

150.02%

Earnings Growth (Qtr)

Breaking Down VECO Revenue

52 Week Range

20.4240.28

(Low)(High)

Last 7 days

6.3%

Last 30 days

7.9%

Last 90 days

18.3%

Trailing 12 Months

95.1%

How does VECO drawdown profile look like?

VECO Financial Health

Current Ratio

3.05

Debt/Equity

0.36

Debt/Cashflow

0.23

VECO Investor Care

Shares Dilution (1Y)

9.57%

Diluted EPS (TTM)

-0.38

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	687.4M	0	0	0
2023	643.2M	640.9M	646.3M	666.4M
2022	606.0M	623.6M	645.3M	646.1M
2021	483.4M	531.1M	569.3M	583.3M
2020	424.5M	425.3M	428.4M	454.2M
2019	482.9M	422.9M	405.1M	419.3M
2018	539.8M	585.3M	582.8M	542.1M
2017	348.9M	385.8M	429.6M	475.7M
2016	456.7M	400.6M	345.4M	332.4M
2015	400.4M	436.7M	484.1M	477.0M
2014	360.8M	358.5M	352.5M	392.9M
2013	437.9M	398.8M	365.4M	331.7M
2012	864.4M	736.1M	600.9M	516.0M
2011	1.1B	1.1B	1.1B	979.1M
2010	444.7M	607.1M	769.5M	931.9M
2009	0	0	0	282.3M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Veeco Instruments Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 21, 2024	miller william john	sold	-854,392	35.304	-24,201	ceo
Mar 19, 2024	miller william john	sold (taxes)	-2,686,990	33.74	-79,638	ceo
Mar 19, 2024	devasahayam adrian	sold (taxes)	-578,371	33.74	-17,142	svp - product line development
Mar 19, 2024	porshnev peter	sold (taxes)	-691,906	33.74	-20,507	svp, unified engineering
Mar 19, 2024	porshnev peter	acquired	-	-	39,000	svp, unified engineering
Mar 19, 2024	wilkerson susan	acquired	-	-	39,000	svp, global sales & service
Mar 19, 2024	kiernan john p	sold (taxes)	-774,704	33.74	-22,961	svp & chief financial officer
Mar 19, 2024	miller william john	acquired	-	-	156,000	ceo
Mar 19, 2024	wilkerson susan	sold (taxes)	-425,057	33.74	-12,598	svp, global sales & service
Mar 19, 2024	kiernan john p	acquired	-	-	45,500	svp & chief financial officer

Which funds bought or sold VECO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	SG Americas Securities, LLC	new	-	217,000	217,000	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	sold off	-100	-647,000	-	-%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	reduced	-36.62	-142,824	364,361	-%
May 06, 2024	TEXAS PERMANENT SCHOOL FUND CORP	added	1.31	223,972	1,734,230	0.01%
May 06, 2024	Investors Research Corp	sold off	-100	-24,824	-	-%
May 06, 2024	Parallel Advisors, LLC	unchanged	-	74.00	633	-%
May 06, 2024	Quantbot Technologies LP	added	45.36	177,186	450,809	0.03%
May 03, 2024	VICTORY CAPITAL MANAGEMENT INC	reduced	-6.14	1,609,750	26,828,700	0.03%
May 03, 2024	GSA CAPITAL PARTNERS LLP	reduced	-40.64	-354,000	727,000	0.06%
May 03, 2024	HUNTINGTON NATIONAL BANK	added	13.07	8,823	40,164	-%

Are Funds Buying or Selling VECO?

Are funds buying VECO calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own VECO

No. of Funds

VECO Alerts

Big jump in Earnings (Y/Y)

Unveiling Veeco Instruments Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.96%	6,739,727	SC 13G/A
Feb 12, 2024	neuberger berman group llc	6.08%	3,423,251	SC 13G/A
Feb 09, 2024	invesco ltd.	6.5%	3,663,825	SC 13G/A
Feb 09, 2024	wasatch advisors lp	-	0	SC 13G/A
Jan 22, 2024	blackrock inc.	15.4%	8,694,097	SC 13G/A
Feb 13, 2023	paradigm capital management inc/ny	4.14%	2,128,000	SC 13G/A
Feb 10, 2023	neuberger berman group llc	6.25%	3,216,550	SC 13G/A
Feb 10, 2023	invesco ltd.	6.5%	3,326,221	SC 13G/A
Feb 09, 2023	vanguard group inc	11.57%	5,947,703	SC 13G/A
Feb 08, 2023	wasatch advisors inc	-	0	SC 13G

Recent SEC filings of Veeco Instruments Inc

View All Filings

Date Filed	Form Type	Document
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
Mar 22, 2024	4	Insider Trading
Mar 21, 2024	144	Notice of Insider Sale Intent
Mar 21, 2024	ARS	ARS
Mar 21, 2024	DEF 14A	DEF 14A
Mar 21, 2024	DEFA14A	DEFA14A
Mar 20, 2024	4	Insider Trading
Mar 20, 2024	4	Insider Trading
Mar 20, 2024	4	Insider Trading

Peers (Alternatives to Veeco Instruments Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NVDA	2.3T	60.9B	2.87%	210.57%	76.06	37.15	125.85%	581.31%
AMD	249.6B	22.8B	-9.40%	62.46%	223.62	10.95	-1.16%	182.53%
AMAT	172.3B	26.5B	-0.26%	79.10%	24.07	6.5	0.88%	10.98%
INTC	130.5B	55.2B	-20.80%	-0.36%	32.1	2.36	-2.09%	242.32%
ADI	100.9B	11.6B	4.50%	10.30%	35.84	8.72	-8.03%	-17.90%
MID-CAP
AMKR	8.1B	6.4B	6.36%	53.25%	21.61	1.26	-8.17%	-41.71%
CRUS	4.9B	1.8B	-0.59%	16.92%	27.92	2.75	-11.16%	-46.12%
ACLS	3.6B	1.1B	5.75%	-7.29%	14.47	3.21	16.34%	32.25%
DIOD	3.5B	1.7B	12.71%	-9.22%	15.47	2.12	-16.94%	-31.42%
AMBA	1.9B	226.5M	-1.09%	-29.35%	-11.45	8.56	-32.92%	-159.10%
SMALL-CAP
ACMR	1.6B	557.7M	-14.64%	171.60%	21.26	2.95	43.44%	97.00%
AOSL	630.0M	640.0M	-1.02%	-7.17%	-36.74	0.98	-19.44%	-128.49%
AEHR	331.9M	71.9M	1.23%	-56.94%	21.55	4.62	14.14%	8.17%
ATOM	114.0M	550.0K	-28.62%	-55.32%	-5.82	207.28	43.98%	-6.63%
ASYS	67.4M	116.7M	-9.00%	-46.33%	-3.51	0.58	15.07%	-240.88%

Veeco Instruments Inc News

Latest updates

Veeco Instruments Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.3%	174	174	177	162	154	154	172	164	156	153	150	146	134	139	112	99.00	105	113	109	98.00	99.00
Gross Profit	-4.1%	75.00	79.00	77.00	68.00	62.00	63.00	70.00	64.00	66.00	64.00	63.00	60.00	55.00	57.00	49.00	42.00	46.00	45.00	42.00	36.00	35.00
Operating Expenses	-2.0%	53.00	54.00	55.00	54.00	52.00	50.00	52.00	51.00	49.00	46.00	47.00	47.00	45.00	46.00	42.00	41.00	42.00	52.00	50.00	47.00	49.00
S&GA Expenses	5.1%	25.00	23.00	23.00	24.00	23.00	21.00	22.00	23.00	23.00	21.00	22.00	21.00	20.00	21.00	19.00	18.00	18.00	19.00	21.00	20.00	20.00
R&D Expenses	1.9%	30.00	29.00	29.00	27.00	28.00	26.00	27.00	26.00	24.00	22.00	22.00	23.00	22.00	21.00	19.00	19.00	19.00	22.00	23.00	23.00	23.00
EBITDA Margin	154.2%	0.03*	0.01*	-0.01*	-0.02*	0.13*	0.14*	0.14*	0.14*	0.14*	0.14*	0.13*	0.12*	-	-	-	-	-	-	-	-	-
Interest Expenses	-14.6%	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	8.00	7.00	7.00	7.00	7.00	6.00	6.00	6.00	6.00	6.00	5.00	5.00
Income Taxes	-64.8%	1.00	3.00	-2.06	1.00	0.00	-117	0.00	1.00	0.00	-1.39	0.00	0.00	0.00	-0.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Before Taxes	-5.9%	23.00	24.00	23.00	-84.03	9.00	12.00	15.00	10.00	14.00	7.00	9.00	7.00	3.00	-0.70	1.00	-8.25	-0.30	-32.50	-11.69	-15.42	-18.34
EBT Margin	50.1%	-0.02*	-0.04*	-0.06*	-0.07*	0.07*	0.08*	0.07*	0.06*	0.06*	0.04*	0.03*	0.02*	-	-	-	-	-	-	-	-	-
Net Income	1.0%	22.00	22.00	25.00	-85.32	9.00	129	15.00	10.00	13.00	8.00	9.00	6.00	2.00	-0.10	1.00	-8.30	-0.57	-32.87	-11.77	-15.56	-18.53
Net Income Margin	44.9%	-0.03*	-0.05*	0.12*	0.11*	0.25*	0.26*	0.07*	0.06*	0.06*	0.04*	0.03*	0.02*	-	-	-	-	-	-	-	-	-
Free Cashflow	-82.1%	3.00	19.00	1.00	7.00	7.00	30.00	41.00	-1.12	14.00	8.00	8.00	3.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.4%	1,234	1,229	1,246	1,228	1,167	1,128	997	917	920	899	998	976	945	898	890	865	833	818	862	876	886
Current Assets	1.4%	716	706	721	709	643	669	650	569	570	549	654	639	618	587	572	538	500	476	486	492	499
Cash Equivalents	9.8%	174	159	156	181	141	155	170	118	128	120	122	115	141	130	148	189	163	130	136	162	170
Inventory	2.4%	243	238	252	244	226	207	188	176	179	171	171	164	156	146	143	137	130	133	135	140	148
Net PPE	-2.7%	115	118	118	112	113	107	108	105	104	100	94.00	82.00	65.00	65.00	66.00	69.00	72.00	76.00	78.00	81.00	78.00
Goodwill	0%	215	215	215	215	215	182	182	182	182	182	182	182	182	182	182	182	182	182	184	184	184
Liabilities	-1.9%	546	557	602	616	582	550	556	496	517	461	562	552	533	490	492	470	456	444	460	465	464
Current Liabilities	7.5%	234	218	268	282	267	258	260	200	221	189	187	179	164	147	147	127	129	118	142	149	150
Long Term Debt	-9.5%	249	275	275	274	255	254	254	254	254	229	332	328	325	321	321	317	303	300	297	294	290
LT Debt, Current	-	26.00	-	-	-	-	20.00	20.00	20.00	20.00	-	-	-	-	-	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	275	275	274	255	254	254	254	254	229	332	328	325	321	321	317	303	300	297	294	290
Shareholder's Equity	2.3%	688	672	644	613	586	578	441	421	404	438	435	424	412	408	398	395	377	375	402	411	422
Retained Earnings	4.1%	-510	-532	-553	-578	-493	-501	-630	-645	-655	-681	-689	-698	-704	-707	-707	-707	-699	-698	-666	-654	-638
Additional Paid-In Capital	-0.5%	1,196	1,202	1,196	1,189	1,077	1,078	1,071	1,066	1,058	1,117	1,123	1,120	1,115	1,113	1,103	1,101	1,074	1,071	1,066	1,063	1,058
Shares Outstanding	0.5%	57.00	56.00	56.00	56.00	52.00	52.00	50.00	50.00	50.00	49.00	49.00	49.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,411	-	-	-	906	-	-	-	1,150	-	-	-	614	-	-	-	584	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-68.3%	9,361	29,485	7,054	11,217	13,918	33,109	47,205	3,381	24,788	17,093	29,920	10,244	10,485	15,430	10,041	19,946	-2,396	15,589	-14,864	14,150	-22,291
Share Based Compensation	30.8%	8,082	6,179	7,420	7,932	7,027	6,025	6,210	6,278	4,481	3,514	4,130	4,368	3,237	3,141	2,942	2,974	3,646	3,742	3,783	4,588	3,157
Cashflow From Investing	179.3%	20,725	-26,150	-29,546	3,128	-762	-47,719	4,800	-14,805	-11,156	101,618	-22,386	-36,099	1,395	-31,919	-50,784	-24,283	35,194	-21,889	-11,929	-21,111	-20,938
Cashflow From Financing	-1313.3%	-14,840	-1,050	-1,659	25,470	-27,441	359	77.00	803	-5,789	-120,478	-669	-135	-747	-1,506	137	30,191	276	288	295	-836	379

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VECO Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Consolidated Statements of Operations
Net sales	$ 666,435	$ 646,137	$ 583,277
Cost of sales	381,376	382,989	341,003
Gross profit	285,059	263,148	242,274
Operating expenses, net:
Research and development	112,853	103,565	88,680
Selling, general, and administrative	92,756	88,952	84,536
Amortization of intangible assets	8,481	10,018	12,280
Other operating expense (income), net	1,029	317	68
Total operating expenses, net	215,119	202,852	185,564
Operating income	69,940	60,296	56,710
Interest income	10,583	2,199	2,340
Interest expense	(11,770)	(11,510)	(28,360)
Other income (expense), net	(97,091)		(5,010)
Income (loss) before income taxes	(28,338)	50,985	25,680
Income tax expense (benefit)	2,030	(115,957)	(358)
Net income (loss)	$ (30,368)	$ 166,942	$ 26,038
Income (loss) per common share:
Basic (in dollars per share)	$ (0.56)	$ 3.35	$ 0.53
Diluted (in dollars per share)	$ (0.56)	$ 2.71	$ 0.49
Weighted average number of shares:
Basic (in shares)	53,769	49,906	49,073
Diluted (in shares)	53,769	65,607	53,643

VECO Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 158,781	$ 154,925
Restricted cash	339	547
Short-term investments	146,664	147,488
Accounts receivable, net	103,018	124,221
Contract assets	24,370	16,507
Inventories	237,635	206,908
Prepaid expenses and other current assets	35,471	18,305
Total current assets	706,278	668,901
Property, plant, and equipment, net	118,459	107,281
Operating lease right-of-use assets	24,377	26,467
Intangible assets, net	43,945	23,887
Goodwill	214,964	181,943
Deferred income taxes	117,901	116,349
Other assets	3,117	3,355
Total assets	1,229,041	1,128,183
Current liabilities:
Accounts payable	42,383	52,049
Accrued expenses and other current liabilities	57,624	56,031
Contract liabilities	118,026	127,223
Income taxes payable		2,432
Current portion of long-term debt		20,169
Total current liabilities	218,033	257,904
Deferred income taxes	6,552	1,285
Long-term debt	274,941	254,491
Long-term operating lease liabilities	31,529	33,581
Other liabilities	25,544	3,098
Total liabilities	556,599	550,359
Stockholders' equity:
Preferred stock, $0.01 par value; 500,000 shares authorized; no shares issued and outstanding.
Common stock, $0.01 par value; 120,000,000 shares authorized; 56,364,131 shares issued and outstanding at December 31, 2023 and 51,660,409 shares issued and outstanding at December 31, 2022	564	517
Additional paid-in capital	1,202,440	1,078,180
Accumulated deficit	(532,169)	(501,801)
Accumulated other comprehensive income	1,607	928
Total stockholders' equity	672,442	577,824
Total liabilities and stockholders' equity	$ 1,229,041	$ 1,128,183

About Veeco Instruments Inc

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.

CEO	Dr. William John Miller Ph.D.
WEBSITE	veeco.com
INDUSTRY	Semiconductors
EMPLOYEES	1221

Veeco Instruments Inc Frequently Asked Questions

What is the ticker symbol for Veeco Instruments Inc? What does VECO stand for in stocks?

VECO is the stock ticker symbol of Veeco Instruments Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Veeco Instruments Inc (VECO)?

As of Tue May 07 2024, market cap of Veeco Instruments Inc is 2.12 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of VECO stock?

You can check VECO's fair value in chart for subscribers.

What is the fair value of VECO stock?

You can check VECO's fair value in chart for subscribers. The fair value of Veeco Instruments Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Veeco Instruments Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for VECO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Veeco Instruments Inc a good stock to buy?

The fair value guage provides a quick view whether VECO is over valued or under valued. Whether Veeco Instruments Inc is cheap or expensive depends on the assumptions which impact Veeco Instruments Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for VECO.

What is Veeco Instruments Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, VECO's PE ratio (Price to Earnings) is -123.06 and Price to Sales (PS) ratio is 3.09. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. VECO PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Veeco Instruments Inc's stock?

In the past 10 years, Veeco Instruments Inc has provided 0.014 (multiply by 100 for percentage) rate of return.