Veeco (VECO) Receives a Rating Update from a Top Analyst

By Ryan Adsit

In a report released today, Mark Miller from Benchmark Co. maintained a Hold rating on Veeco (VECOResearch Report). The company’s shares closed yesterday at $10.99.

According to TipRanks.com, Miller is a top 100 analyst with an average return of 20.5% and a 65.3% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, MKS Instruments, and Nanometrics Inc.

Currently, the analyst consensus on Veeco is a Moderate Buy with an average price target of $14.

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The company has a one-year high of $20.55 and a one-year low of $6.27. Currently, Veeco has an average volume of 398.7K.

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Veeco Instruments, Inc. engages in the development, manufacture, sale, and support of semiconductor process equipment. Its primary technologies is comprised of metal organic chemical vapor deposition, advanced packaging lithography, wet etch and clean, laser annealing, ion beam, molecular beam epitaxy, wafer inspection, and atomic layer deposition systems.