Veeco is a leading provider of process equipment and solutions for the semiconductor industry, with a market capitalization of over $1 billion.
Their stock is listed on the NASDAQ exchange under the ticker symbol VECO.
Veeco's business model is centered around providing critical equipment and services to leading semiconductor companies, with a focus on MOCVD (Metal Organic Chemical Vapor Deposition) and other advanced processing technologies.
Their products are used in a wide range of applications, including LED manufacturing, wireless communication, and data storage.
Financial Results
Veeco Instruments Inc. typically releases its quarterly financial results after the market closes on a specific day.
The company plans to release its fourth quarter 2024 financial results after the market closes on Wednesday, February 12, 2025.
Veeco also releases its second quarter financial results after the market closes on a specific day, with the second quarter 2024 results released on Tuesday, August 6, 2024.
The release dates for Veeco's quarterly financial results can vary, but the company usually announces the date in advance, giving investors time to prepare.
Fourth Quarter Financial Results and Conference Call
Veeco Instruments Inc. releases its fourth quarter financial results after the market closes on a specific date.
The company has announced this date for the fourth quarter financial results in previous years.
Veeco plans to release its fourth quarter 2024 financial results after the market closes on Wednesday, February 12, 2025.
The exact date for the fourth quarter financial results release varies from year to year.
Veeco has also announced the date for the conference call after releasing the financial results.
The conference call is typically held after the market closes on the same day as the financial results release.
Veeco Instruments Inc. is listed on the NASDAQ stock exchange under the ticker symbol VECO.
The company's headquarters is located in Plainview, New York.
Shareholder Returns
Let's take a closer look at the shareholder returns for VECO and its industry peers.
VECO's 7-day and 1-year returns were -12.8% and -27.2% respectively, which is a significant decline.
In comparison, the US Semiconductor industry returned 42.4% over the past year, outperforming VECO.
The US Market also performed better, returning 23.7% over the past year, with VECO underperforming by a notable margin.
Here's a summary of the returns:
These numbers paint a clear picture of VECO's performance relative to its industry and the broader market.
Shares Up 3.28%
Shares of Veeco Instruments Inc (VECO) surged 3.28% in mid-day trading on Oct 2.
The stock reached an intraday high of $33.30, before settling at $33.23, up from its previous close of $32.1.
Company Information
Veeco Instruments Inc. was founded in 1945. The company has a significant presence globally, operating in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally.
Veeco Instruments Inc. has a workforce of approximately 1,215 employees. The company's CEO is Bill Miller, who has been instrumental in shaping the company's direction.
Veeco Instruments Inc. offers a range of products, including laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems.
About the Company
Veeco Instruments Inc. was founded in 1945, and today it's a company with a significant global presence. The company has a diverse range of employees, with a total of 1,215 people working for it.
Veeco's CEO is Bill Miller, who leads the company's efforts to develop and manufacture cutting-edge technology. You can visit the company's website at www.veeco.com to learn more about its products and services.
Veeco's process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices.
Here's a list of some of the key technologies that Veeco offers:
- Laser annealing
- Ion beam deposition and etch
- Metal organic chemical vapor deposition
- Single wafer wet processing and surface preparation
- Molecular beam epitaxy
- Advanced packaging lithography
- Atomic layer deposition
- Other deposition systems
Invesco's Strategic Reduction
Invesco Ltd. made a notable move by adjusting its holdings in Veeco Instruments Inc.
Invesco Ltd. recently reduced its holdings in Veeco Instruments Inc., a key player in the semiconductor sector. This move is a significant development in the investment community.
Veeco Instruments Inc. is a company that plays a crucial role in the semiconductor industry.
Frequently Asked Questions
Is Veeco a public company?
Veeco is a publicly traded company, having completed an Initial Public Offering on the NASDAQ stock market in 1994. This means Veeco's financial information is publicly available.
Is Veeco a good stock to buy?
Veeco's stock has a Moderate Buy consensus from 7 Wall Street analysts, suggesting it may be a good investment opportunity. However, it's essential to research and consider multiple factors before making a decision.
What is Veeco Instruments net worth?
Veeco Instruments' net worth is approximately $1.54 billion as of December 31, 2024. This figure represents a decrease of 8.24% from its market value a year prior.
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