Veeco Instruments Inc (NASDAQ: VECO) is -21.12% lower on its value in year-to-date trading and has touched a low of $20.50 and a high of $49.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VECO stock was last observed hovering at around $20.78 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $21.14, the stock is -9.33% and -16.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 1.73% at the moment leaves the stock -35.72% off its SMA200. VECO registered -41.26% loss for a year compared to 6-month loss of -33.46%.
The stock witnessed a -18.66% gain in the last 1 month and extending the period to 3 months gives it a -27.18%, and is -4.95% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.39% over the week and 3.91% over the month.
Veeco Instruments Inc (VECO) has around 1231 employees, a market worth around $1.22B and $717.30M in sales. Current P/E ratio is 17.19 and Fwd P/E is 12.41. Profit margin for the company is 10.49%. Distance from 52-week low is 3.12% and -57.08% from its 52-week high. The company has generated returns on investments over the last 12 months (7.13%).
with sales reaching $166M over the same period.The EPS is expected to shrink by -18.68% this year, but quarterly earnings will post -4.28% year-over-year. Quarterly sales are estimated to shrink -4.86% in year-over-year returns.
Veeco Instruments Inc (VECO) Top Institutional Holders
The shares outstanding are 56.83M, and float is at 56.56M with Short Float at 11.48%.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.88 million shares valued at $414.61 million. The investor’s holdings represent 15.7726% of the VECO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.35 million shares valued at $343.5 million to account for 13.0674 of the shares outstanding. The other top investors are NEUBERGER BERMAN GROUP LLC which holds 3.36 million shares representing 5.9629% and valued at over $156.75 million, while DIMENSIONAL FUND ADVISORS LP holds 4.0509 of the shares totaling 2.28 million with a market value of $106.49 million.
Veeco Instruments Inc (VECO) Insider Activity
The most recent transaction is an insider sale by KIERNAN JOHN P, the company’s SVP & CHIEF FINANCIAL OFFICER. SEC filings show that KIERNAN JOHN P sold 2,500 shares of the company’s common stock on Feb 10 ’25 at a price of $24.51 per share for a total of $61275.0. Following the sale, the insider now owns 72642.0 shares.
Still, SEC filings show that on Jan 10 ’25, KIERNAN JOHN P (SVP & CHIEF FINANCIAL OFFICER) disposed off 2,500 shares at an average price of $27.63 for $69075.0. The insider now directly holds 75,142 shares of Veeco Instruments Inc (VECO).
