Today, the President of Veeco (NASDAQ: VECO), William John Miller, bought shares of VECO for $117.9K.
Following this transaction William John Miller’s holding in the company was increased by 9.43% to a total of $1.36 million.
See today’s analyst top recommended stocks >>
Based on Veeco’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $158 million and GAAP net loss of $238 million. In comparison, last year the company earned revenue of $115 million and had a GAAP net loss of $18.39 million. Currently, Veeco has an average volume of 703.1K.
19 different firms, including B.Riley FBR and Barclays, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $17.50, reflecting a -33.1% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy VECO with a $23 price target.
William John Miller’s trades have generated a 44.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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.
