In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on Veeco (VECO), with a price target of $18.00. The company’s shares closed last Monday at $13.97.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 20.7% and a 68.8% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, Universal Display, and MKS Instruments.
Veeco has an analyst consensus of Moderate Buy, with a price target consensus of $18.50, implying a 32.3% upside from current levels. In a report issued on November 29, Northland Securities also maintained a Buy rating on the stock with a $19.00 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 GAAP net loss of $11.77 million. In comparison, last year the company had a GAAP net loss of $8.95 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VECO in relation to earlier this year.
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. 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.
