Veeco Receives a Buy from Benchmark Co.

Benchmark Co. analyst Mark Miller maintained a Buy rating on Veeco (NASDAQ: VECO) today and set a price target of $23. The company’s shares closed yesterday at $17.10.

According to TipRanks.com, Miller is a top 25 analyst with an average return of 28.3% and a 74.9% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, Ipg Photonics Corp, and Nanometrics Inc.

Veeco has an analyst consensus of Moderate Buy, with a price target consensus of $22.

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The company has a one-year high of $33.45 and a one-year low of $10.85. Currently, Veeco has an average volume of 561.5K.

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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.