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Veeco Instruments (VECO)

Veeco is an innovative manufacturer of semiconductor process equipment. Its proven ion beam, laser annealing, lithography, MOCVD and single wafer etch & clean technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets.

Company profile

Ticker
VECO
Exchange
NASDAQ
Website
www.veeco.com
CEO
William Miller
Employees
Incorporated
Delaware
Location
New York
Fiscal year end
Dec 31
Sector
Manufacturing > Semiconductor and Related Device Manufacturing
Industry (SIC)
Special Industry Machinery, NEC
Lam Research • Milacron • Azenta • Cricut • Axcelis • Intevac • Manitex International • Amtech Systems • Desktop Metal • Energy Recovery ...
SEC CIK
0000103145
Corporate docs
Subsidiaries
Ultratech International Inc. • Veeco APAC LLC • Veeco Process Equipment Inc. • Veeco Asia Pte. Ltd. • Veeco GmbH • Veeco Instruments Limited • Veeco Instruments (Shanghai) Co. Ltd. • Veeco Japan Ltd. • Veeco Korea LLC • Veeco Malaysia Sdn. Bhd. ...
IRS number
112989601

VECO stock data

News

From Benzinga Pro
Goldman Sachs Maintains Neutral on Veeco Instruments, Lowers Price Target to $24
9 Aug 22
Goldman Sachs analyst Brian Lee maintains Veeco Instruments (NASDAQ:VECO) with a Neutral and lowers the price target from $28 to $24.
Veeco Instruments Q2 EPS $0.35 Beats $0.29 Estimate, Sales $164.00M Beat $160.82M Estimate
8 Aug 22
Veeco Instruments (NASDAQ:VECO) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.29 by 20.69 percent. This is unchanged from the same period last year. The company reported
Recap: Veeco Instruments Q2 Earnings
8 Aug 22
Veeco Instruments (NASDAQ:VECO) reported its Q2 earnings results on Monday, August 8, 2022 at 04:05 PM. Here's what investors need to know about the announcement.
Earnings Scheduled For August 8, 2022
8 Aug 22
Barclays Maintains Overweight on Veeco Instruments, Lowers Price Target to $26
25 Jul 22

Press releases

From Benzinga Pro
Veeco Announces Upcoming Investor Events
9 Aug 22
PLAINVIEW, N.Y., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced that management is scheduled to participate in the following investor events: Oppenheimer Virtual Technology,

Analyst ratings and price targets

Last 3 months
Current price
Average target
$25.00
Low target
$24.00
High target
$26.00
Goldman Sachs
Maintains
Neutral
$24.00
9 Aug 22
Barclays
Maintains
Overweight
$26.00
25 Jul 22

Calendar

8 Aug 22
18 Aug 22
31 Dec 22

Financial summary

Financial statements Chart VECO financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 117.64M 117.64M 117.64M 117.64M 117.64M 117.64M
Cash burn (monthly) 3.56M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 5.86M n/a n/a n/a n/a n/a
Cash remaining 111.78M n/a n/a n/a n/a n/a
Runway (months of cash) 31.4 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

VECO insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Jul 22 Kiernan John P Common Stock Payment of exercise Dispose F No No 18.08 1,128 20.39K 88,030
30 Jun 22 Adrian Devasahayam Common Stock Grant Acquire A No No 16.49 805.672 13.29K 64,468.76
30 Jun 22 Peter Porshnev Common Stock Grant Acquire A No No 16.49 805.672 13.29K 95,433.811
13 May 22 Raymond Mary Jane Common Stock Grant Acquire A No No 0 6,591 0 25,260
13 May 22 Keith D Jackson Common Stock Grant Acquire A No No 0 6,591 0 64,481
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

VECO institutional ownership history Ownership history
13F holders Current Prev Q Change
Total holders 181 196 -7.7%
Opened positions 21 34 -38.2%
Closed positions 36 23 +56.5%
Increased positions 78 72 +8.3%
Reduced positions 60 63 -4.8%
13F shares Current Prev Q Change
Total value 990.58M 1.41B -30.0%
Total shares 53.14M 54.07M -1.7%
Total puts 5.5K 30.1K -81.7%
Total calls 28.2K 143.3K -80.3%
Total put/call ratio 0.2 0.2 -7.1%
Largest owners Shares Value Change
BLK Blackrock 7.8M $151.38M +0.5%
Vanguard 5.38M $104.28M -1.0%
IVZ Invesco 3.38M $65.65M -36.9%
Wasatch Advisors 3.03M $58.73M -6.0%
ATAC Neuberger Berman 2.91M $56.45M +3.7%
Paradigm Capital Management 2.71M $52.63M +0.0%
Frontier Capital Management 2.09M $0 0.0%
Dimensional Fund Advisors 1.84M $35.64M +2.8%
Neumeier Poma Investment Counsel 1.7M $33.05M +0.8%
STT State Street 1.63M $31.53M +1.7%
Largest transactions Shares Bought/sold Change
IVZ Invesco 3.38M -1.98M -36.9%
Assenagon Asset Management 631.41K +511.95K +428.6%
Lisanti Capital Growth 107K -297.76K -73.6%
Parametric Portfolio Associates 0 -290.4K EXIT
Granahan Investment Management 663.78K +274.22K +70.4%
Braun Stacey Associates 245.51K -269.82K -52.4%
MS Morgan Stanley 515.74K +259K +100.9%
Manufacturers Life Insurance Company, The 1.24M +203.61K +19.7%
Nuveen Asset Management 943.88K +202.23K +27.3%
Wasatch Advisors 3.03M -193.94K -6.0%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Applied Materials • Canon • Onto Innovation • Rudolph

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: conclusion, coupled, earn, evidenced, gain, Overnight, release, released
Removed: categorize, confident, defending, feel, intend, making, matter, predicted, quantified, record, social, tool, vigorously
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
8 Aug 22
10-Q
2022 Q1
Quarterly report
9 May 22
10-K
2021 FY
Annual report
18 Feb 22
10-Q
2021 Q3
Quarterly report
2 Nov 21
10-Q
2021 Q2
Quarterly report
3 Aug 21
10-Q
2021 Q1
Quarterly report
4 May 21
10-K
2020 FY
Annual report
22 Feb 21
10-Q
2020 Q3
Quarterly report
27 Oct 20
10-Q
2020 Q2
Quarterly report
3 Aug 20
10-Q
2020 Q1
Quarterly report
6 May 20
Current reports
View all
8-K
Veeco Reports Second Quarter 2022 Financial Results
8 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
12 May 22
8-K
Veeco Reports First Quarter 2022 Financial Results
9 May 22
8-K
Veeco Reports Fourth Quarter and Fiscal Year 2021 Financial Results
16 Feb 22
8-K
Investor Presentation | Copyright © 2022 Veeco Instruments Inc. All Rights Reserved. 1 January 2022 Investor Presentation
11 Jan 22
8-K
Entry into a Material Definitive Agreement
20 Dec 21
8-K
Veeco Announces Repurchase of $111.5 Million
8 Nov 21
8-K
Veeco Reports Third Quarter 2021 Financial Results
2 Nov 21
8-K/A
Departure of Directors or Certain Officers
29 Oct 21
8-K
Departure of Directors or Certain Officers
16 Aug 21
Registration and prospectus
View all
S-8
Registration of securities for employees
20 May 22
S-8
Registration of securities for employees
11 May 21
S-3ASR
Automatic shelf registration
9 Aug 20
S-8
Registration of securities for employees
7 May 19
S-8
Registration of securities for employees
25 May 17
425
Business combination disclosure
15 May 17
425
Business combination disclosure
4 May 17
425
Business combination disclosure
3 May 17
424B3
Prospectus supplement
23 Apr 17
S-4/A
Registration of securities issued in business combination transactions (amended)
20 Apr 17
Proxies
View all
DEFA14A
Additional proxy soliciting materials
24 Mar 22
DEF 14A
Definitive proxy
24 Mar 22
DEFA14A
Additional proxy soliciting materials
28 Apr 21
DEFA14A
Additional proxy soliciting materials
17 Mar 21
DEF 14A
Definitive proxy
17 Mar 21
DEFA14A
Additional proxy soliciting materials
17 Apr 20
DEFA14A
Additional proxy soliciting materials
18 Mar 20
DEFA14A
Additional proxy soliciting materials
18 Mar 20
DEF 14A
Definitive proxy
18 Mar 20
DEFA14A
Additional proxy soliciting materials
19 Mar 19
Other
View all
SD
Conflict minerals disclosure
27 May 22
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
24 May 19
SD
Conflict minerals disclosure
29 May 18
SD
Conflict minerals disclosure
23 May 17
CORRESP
Correspondence with SEC
23 Apr 17
EFFECT
Notice of effectiveness
23 Apr 17
SD
Conflict minerals disclosure
25 May 16
SD
Conflict minerals disclosure
31 May 15
Ownership
View all
4
VEECO INSTRUMENTS / Peter Porshnev ownership change
8 Jul 22
4
VEECO INSTRUMENTS / Adrian Devasahayam ownership change
8 Jul 22
4
VEECO INSTRUMENTS / JOHN P KIERNAN ownership change
7 Jul 22
4
VEECO INSTRUMENTS / Dennis Thomas St ownership change
17 May 22
4
VEECO INSTRUMENTS / RICHARD A DAMORE ownership change
17 May 22
4
VEECO INSTRUMENTS / KATHLEEN A BAYLESS ownership change
17 May 22
4
VEECO INSTRUMENTS / Sujeet Chand ownership change
17 May 22
4
VEECO INSTRUMENTS / GORDON HUNTER ownership change
17 May 22
4
VEECO INSTRUMENTS / PETER J SIMONE ownership change
17 May 22
4
VEECO INSTRUMENTS / KEITH D JACKSON ownership change
17 May 22

Patents

View all
Utility
High-efficiency line-forming optical systems and methods using a serrated spatial filter
16 Aug 22
High-efficiency line-forming optical systems and methods that employ a serrated aperture are disclosed.
Utility
Melt detection systems and methods of using the same
16 Aug 22
High bandwidth time-and-space resolved phase transition microscopy systems configured to detect melt onset in a wafer being processed by laser annealing systems with ultra-short dwell times and spot size.
Utility
Rotating Disk Reactor with Split Substrate Carrier
4 Aug 22
A self-centering split substrate carrier that supports a semiconductor substrate in a CVD system includes a first section configured to be centrally located in the split substrate carrier having a top surface with a recessed area for receiving a substrate for CVD processing and comprising a plurality of apertures positioned in an outer surface.
Utility
Semiconductor wafer processing chamber
24 May 22
A housing of a wafer processing system includes at least one chamber exhaust outlet and at least one chemical exhaust outlet.
Utility
Automated Batch Production Thin Film Deposition Systems and Methods of Using the Same
10 Mar 22
Fully automated batch production thin film deposition systems configured to deliver uniformity combined with high throughput at a low cost-per-wafer.

Transcripts

View all
2022 Q2
Earnings call transcript
9 Aug 22
2022 Q1
Earnings call transcript
10 May 22
2021 Q4
Earnings call transcript
17 Feb 22
2021 Q3
Earnings call transcript
3 Nov 21
2021 Q2
Earnings call transcript
4 Aug 21
2021 Q1
Earnings call transcript
5 May 21
2020 Q4
Earnings call transcript
12 Feb 21
2020 Q3
Earnings call transcript
27 Oct 20
2020 Q2
Earnings call transcript
3 Aug 20
2020 Q1
Earnings call transcript
9 May 20

Reddit threads

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