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 $15.75.
According to TipRanks.com, Miller is a top 25 analyst with an average return of 27.0% and a 71.8% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.
Veeco has an analyst consensus of Moderate Buy, with a price target consensus of $22.
See today’s analyst top recommended stocks >>
Based on Veeco’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $15.83 million. In comparison, last year the company had a GAAP net loss of $18.39 million.
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.
