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Friday, September 29, 2023

What Are The Chances Of Veeco Instruments Inc. (NASDAQ: VECO) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Veeco Instruments Inc. (VECO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.30, or -1.00%, to $29.68. The Veeco Instruments Inc. has recorded 13,923 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Veeco Reports Second Quarter 2023 Financial Results With Record Semiconductor Revenue.

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Stocks Info

As a NASDAQ listed company, VECO falls under the Technology sector while operating within the Semiconductor Equipment & Materials industry segment. At the end of the last regular session, the stock closed at $29.98 and fluctuated between $30.22 as its day high and $29.53 as its day low. The current market capitalization of Veeco Instruments Inc. is $1.64B. A total of 0.38 million shares were traded on the day, compared to an average of 483.67K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, VECO has seen 3 BUY and 1 SELL insider trades, representing the acquisition of 3,932 and the disposition of 1,226 shares. Over the last 12 months, there were 17 BUYs and 26 SELLs from insiders. Insiders purchased 340,970 shares during that period but sold 197,444.

In the most recent transaction, Wilkerson Susan sold 1,546 shares of VECO for 28.49 per share on Aug 29. After the transaction, the SVP, GLOBAL SALES & SERVICE now owns 45,057 company shares. In a previous transaction on Aug 11, Wilkerson Susan sold 5,000 shares at 29.96 per share. VECO shares that SVP, GLOBAL SALES & SERVICE owns now total 46,603.

Among the insiders who sold shares, Devasahayam Adrian disposed of 4,671 shares on Aug 11 at a per-share price of $30.00. This resulted in the SVP – PRODUCT LINE DEVELOPMENT holding 76,793 shares of VECO after the transaction. In another insider transaction, RAYMOND MARY JANE sold 1,500 shares at $30.05 per share on Aug 11. Company shares held by the Director now total 30,520.



In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for VECO in the last 3 months, the mean price target is $32.17 with high estimates of $37.00 and low estimates of $28.00. In terms of 52-week highs and lows, VECO has a high of $31.09 and a low of $16.11.

As of this writing, VECO has an earnings estimate of $0.37 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.39 per share and a lower estimate of $0.35. The company reported an EPS of $0.3 in the last quarter, which was 50.00% higher than expectations of $0.2.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. VECO’s latest balance sheet shows that the firm has $223.93M in Cash & Short Term Investments as of fiscal 2021. There were $262.27M in debt and $189.20M in liabilities at the time. Its Book Value Per Share was $11.59, while its Total Shareholder’s Equity was $437.63M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VECO is Buy with a score of 4.17.

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