Veeco Instruments Inc. (NASDAQ:VECO) target price raised to $25.00, issued a report today by Zacks Investment Research
- Updated: October 7, 2016
Veeco Instruments Inc. (NASDAQ:VECO) had its target price raised to $25.00 by Zacks Investment Research in a report released Saturday October 08, 2016. The new target price indicates a possible upside of 0.14% based on the company's last stock close price.
Previously on 9/12/2016, Benchmark reported about Veeco Instruments Inc. (NASDAQ:VECO) raised the target price from $21.00 to $23.00. At the time, this indicated a possible upside of 0.17%.
Yesterday Veeco Instruments Inc. (NASDAQ:VECO) traded 0.23% higher at $21.94. The company’s 50-day moving average is $19.87 and its 200-day moving average is $18.42. The last stock close price is up 19.10% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 257,916 shares of the stock were exchanged, down from an average trading volume of 288,849
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Veeco Instruments Inc. has a one year low of $15.26 and a one year high of $22.09 VECO’s total market value is presently $0.
A total of 9 equity analysts have released a ratings update on VECO. One equity analyst rating the company a strong buy, three equity analysts rating the company a buy, seven equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $22.17.
Brief Synopsis About Veeco Instruments Inc. (NASDAQ:VECO)
Veeco Instruments Inc. designs, manufactures, markets and supports thin film equipment. The Company's equipment is used to make electronic devices, including light emitting diodes (LED), micro-electromechanical systems (MEMS), wireless devices, power electronics, hard disk drives (HDDs) and semiconductors. The Company operates in four geographic regions: United States; China; Europe, the Middle East and Africa, and the Rest of World. The Company is a supplier of metal organic chemical vapor deposition (MOCVD) systems. The Company's Precision Surface Processing's platforms include WaferEtch and the WaferStorm. The Company's NEXUS Ion Beam Deposition (IBD) systems utilize ion beam technology to deposit precise layers of thin films. The Company makes an array of deposition systems, including Physical Vapor Deposition, Diamond Like Carbon Deposition and Chemical Vapor Deposition Systems.
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