Veeco (VECO) Receives a Buy from Benchmark Co.


Benchmark Co. analyst Mark Miller maintained a Buy rating on Veeco (VECO) today and set a price target of $15. The company’s shares closed yesterday at $12.98.

Miller said:

“We hosted Veeco in mid-Atlantic investor meetings with Veeco CEO William Miller and head of investor relations Anthony Bencivenga.”

According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.0% and a 66.6% 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 $16, representing a 23.3% upside. In a report issued on May 7, Northland Securities also assigned a Buy rating to the stock with a $21 price target.

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The company has a one-year high of $18.70 and a one-year low of $6.27. Currently, Veeco has an average volume of 305.4K.

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Veeco Instruments, Inc. is engaged 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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