In a report released yesterday, Rick Schafer from Oppenheimer maintained a Buy rating on Veeco (VECO), with a price target of $20.00. The company’s shares closed last Tuesday at $17.09.
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 20.4% and a 77.3% success rate. Schafer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Akoustis Technologies, and NXP Semiconductors.
Veeco has an analyst consensus of Strong Buy, with a price target consensus of $18.00, representing an 8.1% upside. In a report issued on November 30, Northland Securities also assigned a Buy rating to the stock with a $20.00 price target.
See today’s analyst top recommended stocks >>
Based on Veeco’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $112 million and net profit of $580K. In comparison, last year the company earned revenue of $109 million and had a GAAP net loss of $11.77 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 technologies consists 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. The company was founded in 1989 and is headquartered in Plainview, NY.
