BidaskScore Raises Rating of Veeco Instruments (NASDAQ:VECO) To a “Buy”

Veeco Instruments Inc. (NASDAQ:VECO) Logo

Investors sentiment increased to 1.35 in Q4 2018. Its up 0.52, from 0.83 in 2018Q3. It increased, as 13 investors sold Veeco Instruments Inc. shares while 35 reduced holdings. 27 funds opened positions while 38 raised stakes. 42.90 million shares or 4.06% more from 41.23 million shares in 2018Q3 were reported.

World invested in 1.49 million shares or 0% of the stock. Legal & General Group Inc Public Ltd Com invested 0% in Veeco Instruments Inc. (NASDAQ:VECO). Commonwealth Of Pennsylvania Public School Empls Retrmt System reported 16,388 shares. Voya Inv Mngmt Ltd Limited Liability Company stated it has 0% of its portfolio in Veeco Instruments Inc. (NASDAQ:VECO). Rhumbline Advisers invested in 0% or 141,537 shares. Pnc Services Group reported 2,022 shares or 0% of all its holdings. Prelude Capital Mngmt Ltd Liability Corp owns 0.02% invested in Veeco Instruments Inc. (NASDAQ:VECO) for 37,754 shares. Element Cap Ltd reported 14,971 shares stake. Ls Advsr Limited Liability Company holds 0% or 1,442 shares. Tiaa Cref Inv Mgmt Ltd Liability Company reported 99,145 shares. Ameriprise Fincl holds 0% or 318,083 shares. Fisher Asset Mgmt Limited Liability Com holds 0.01% in Veeco Instruments Inc. (NASDAQ:VECO) or 1.43 million shares. Oregon Public Employees Retirement Fund accumulated 134,677 shares. Price T Rowe Md reported 0% stake. D E Shaw & owns 1.03 million shares for 0.01% of their portfolio.

Veeco Instruments (NASDAQ:VECO) Stock Upgrade

Trading of shares of Veeco Instruments (NASDAQ:VECO) will be interesting to watch this afternoon as BidaskScore upped the stock to a “Buy”.

The stock decreased 1.62% or $0.23 during the last trading session, reaching $14.01. About 352,207 shares traded or 8.32% up from the average. Veeco Instruments Inc. (NASDAQ:VECO) has declined 34.16% since May 11, 2018 and is downtrending. It has underperformed by 38.53% the S&P500.

Analysts await Veeco Instruments Inc. (NASDAQ:VECO) to report earnings on August, 1. They expect $-0.19 EPS, down 480.00 % or $0.24 from last year’s $0.05 per share. After $-0.21 actual EPS reported by Veeco Instruments Inc. for the previous quarter, Wall Street now forecasts -9.52 % EPS growth.

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 $681.94 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.

More notable recent Veeco Instruments Inc. (NASDAQ:VECO) news were published by: Seekingalpha.com which released: “Samsung And LG Move To ALD For Flexible OLEDs, Could Push Applied Materials Out Of The Market – Seeking Alpha” on September 29, 2016, also Globenewswire.com with their article: “Veeco, AMEC, and SGL Settle Patent Litigation – GlobeNewswire” published on February 08, 2018, Finance.Yahoo.com published: “Veeco Instruments, Inc. to Host Earnings Call – Yahoo Finance” on May 06, 2019. More interesting news about Veeco Instruments Inc. (NASDAQ:VECO) were released by: Globenewswire.com and their article: “Aledia Selects Veeco Propel GaN MOCVD Platform Based on Optimal Performance for Large Wafer 3D LED Production – GlobeNewswire” published on June 13, 2018 as well as Globenewswire.com‘s news article titled: “Veeco Reports Third Quarter 2018 Financial Results Nasdaq:VECO – GlobeNewswire” with publication date: November 01, 2018.

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

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