A new trading day began on Tuesday, with Veeco Instruments Inc (NASDAQ: VECO) stock price up 3.82% from the previous day of trading ,before settling in for the closing price of $35.63. VECO’s price has ranged from $17.70 to $37.75 over the past 52 weeks.
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Annual sales at Technology sector company grew by 5.60% over the past five years. Meanwhile, its annual earnings per share averaged 5.13%. With a float of $54.93 million, this company’s outstanding shares have now reached $56.36 million.
Let’s look at the performance matrix of the company that is accounted for 1215 employees.
Veeco Instruments Inc (VECO) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductor Equipment & Materials Industry. The insider ownership of Veeco Instruments Inc is 2.45%, while institutional ownership is 104.37%. The most recent insider transaction that took place on Mar 21 ’24, was worth 854,392. In this transaction CEO of this company sold 24,201 shares at a rate of $35.30, taking the stock ownership to the 545,091 shares. Before that another transaction happened on Mar 14 ’24, when Company’s SVP – PRODUCT LINE DEVELOPMENT sold 5,000 for $34.10, making the entire transaction worth $170,500. This insider now owns 67,278 shares in total.
Veeco Instruments Inc (VECO) Latest Financial update
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.51 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.43 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.13% per share during the next fiscal year.
Veeco Instruments Inc (NASDAQ: VECO) Trading Performance Indicators
Here are Veeco Instruments Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.06. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.13. Likewise, its price to free cash flow for the trailing twelve months is 61.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.66, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 2.11 in one year’s time.
Technical Analysis of Veeco Instruments Inc (VECO)
Veeco Instruments Inc (NASDAQ: VECO) saw its 5-day average volume 0.54 million, a positive change from its year-to-date volume of 0.52 million. As of the previous 9 days, the stock’s Stochastic %D was 64.85%. Additionally, its Average True Range was 1.16.
During the past 100 days, Veeco Instruments Inc’s (VECO) raw stochastic average was set at 92.66%, which indicates a significant increase from 81.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.14% in the past 14 days, which was lower than the 30.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.62, while its 200-day Moving Average is $29.60. Nevertheless, the first resistance level for the watch stands at $37.81 in the near term. At $38.62, the stock is likely to face the second major resistance level. The third major resistance level sits at $39.54. If the price goes on to break the first support level at $36.07, it is likely to go to the next support level at $35.15. The third support level lies at $34.33 if the price breaches the second support level.
Veeco Instruments Inc (NASDAQ: VECO) Key Stats
With a market capitalization of 2.08 billion, the company has a total of 56,355K Shares Outstanding. Currently, annual sales are 666,440 K while annual income is -30,370 K. The company’s previous quarter sales were 173,920 K while its latest quarter income was 21,640 K.
