Veeco Instruments Inc (NASDAQ:VECO) Institutional Investor Sentiment Trend

May 17, 2018 - By James Guidry

Veeco Instruments Inc. (NASDAQ:VECO) Logo

Sentiment for Veeco Instruments Inc (NASDAQ:VECO)

Veeco Instruments Inc (NASDAQ:VECO) institutional sentiment is 1.04 in Q4 2017. Its the same as in 2017Q3. The ratio is without change, as only 74 hedge funds increased or started new stock positions, while 71 sold and trimmed stakes in Veeco Instruments Inc. The hedge funds in our partner’s database now possess: 43.70 million shares, down from 46.24 million shares in 2017Q3. Also, the number of hedge funds holding Veeco Instruments Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 28 Reduced: 43 Increased: 47 New Position: 27.

Veeco Instruments Inc., together with its subsidiaries, designs, develops, makes, markets, and supports thin film process equipment to make light emitting diodes , micro-electromechanical systems (MEMS), power electronics, wireless devices, hard disk drives (HDDs), and semiconductor devices worldwide. The company has market cap of $864.28 million. It offers metal organic chemical vapor deposition systems; precision surface processing systems; ion beam etch and deposition systems; molecular beam epitaxy systems; and other deposition and industrial products, as well as support services. It currently has negative earnings. The firm sells its products to LED, MEMS, outsourced semiconductor assembly and test, HDD, and semiconductor manufacturers, as well as research centers and universities.

The stock increased 3.50% or $0.6 during the last trading session, reaching $17.75. About 479,045 shares traded. Veeco Instruments Inc. (NASDAQ:VECO) has declined 42.98% since May 17, 2017 and is downtrending. It has underperformed by 54.53% the S&P500.

Analysts await Veeco Instruments Inc. (NASDAQ:VECO) to report earnings on August, 2. They expect $0.01 EPS, up 114.29 % or $0.08 from last year’s $-0.07 per share. VECO’s profit will be $486,920 for 443.75 P/E if the $0.01 EPS becomes a reality. After $0.10 actual EPS reported by Veeco Instruments Inc. for the previous quarter, Wall Street now forecasts -90.00 % negative EPS growth.

Schneider Capital Management Corp holds 1.86% of its portfolio in Veeco Instruments Inc. for 572,286 shares. River & Mercantile Asset Management Llp owns 543,800 shares or 0.9% of their US portfolio. Moreover, Broadview Advisors Llc has 0.65% invested in the company for 305,850 shares. The New York-based Quentec Asset Management Llc has invested 0.41% in the stock. Frontier Capital Management Co Llc, a Massachusetts-based fund reported 2.61 million shares.

Veeco Instruments Inc. (NASDAQ:VECO) Ratings Coverage

Ratings analysis reveals 100% of Veeco’s analysts are positive. Out of 2 Wall Street analysts rating Veeco, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $2100 while the high is $23.0. The stock’s average target of $22 is 23.94% above today’s ($17.75) share price. VECO was included in 2 notes of analysts from December 8, 2017. The rating was initiated by Northland Capital with “Buy” on Thursday, April 19. The rating was maintained by Benchmark with “Buy” on Friday, December 8.

More notable recent Veeco Instruments Inc. (NASDAQ:VECO) news were published by: Seekingalpha.com which released: “Veeco Instruments’ (VECO) CEO John Peeler on Q1 2018 Results – Earnings Call Transcript” on May 08, 2018, also Seekingalpha.com with their article: “A Preview Of Veeco’s Q1 Earnings” published on April 24, 2018, Nasdaq.com published: “Analysis: Positioning to Benefit within Zebra Technologies, Deluxe, Veeco Instruments, Wingstop, Superior Industries …” on April 25, 2018. More interesting news about Veeco Instruments Inc. (NASDAQ:VECO) were released by: Streetinsider.com and their article: “After-Hours Stock Movers 05/07: (FRED) (VECO) (FN) Higher; (NVRO) (INWK) (HTZ) Lower (more…)” published on May 07, 2018 as well as Globenewswire.com‘s news article titled: “Veeco Reports First Quarter 2018 Financial Results” with publication date: May 07, 2018.

Veeco Instruments Inc. (NASDAQ:VECO) Institutional Positions Chart

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