Benchmark Co. Sticks to Their Hold Rating for Veeco (VECO)


Benchmark Co. analyst Mark Miller maintained a Hold rating on Veeco (NASDAQ: VECO) today. The company’s shares closed yesterday at $8.31, close to its 52-week low of $6.61.

According to TipRanks.com, Miller is a top 100 analyst with an average return of 22.3% and a 68.5% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veeco with a $11 average price target.

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The company has a one-year high of $20.55 and a one-year low of $6.61. Currently, Veeco has an average volume of 647.3K.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VECO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Veeco Instruments, Inc. engages in the development, manufacture, sale, and support of semiconductor process equipment. Its primary technologies is comprised of metal organic chemical vapor deposition, advanced packaging lithography, wet etch and clean, laser annealing, ion beam, molecular beam epitaxy, wafer inspection, and atomic layer deposition systems.

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