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Upturn AI SWOT - About
VECO 
Veeco Instruments Inc (VECO)
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Upturn Advisory Summary
10/14/2025: VECO (3-star) is a REGULAR-BUY. BUY since 104 days. Simulated Profits (35.33%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
7 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $29.4
1 Year Target Price $29.4
| 4 | Strong Buy |
| 1 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 60.1% | Avg. Invested days 59 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/14/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.72B USD | Price to earnings Ratio 27.81 | 1Y Target Price 29.4 |
Price to earnings Ratio 27.81 | 1Y Target Price 29.4 | ||
Volume (30-day avg) 7 | Beta 1.27 | 52 Weeks Range 16.92 - 34.45 | Updated Date 10/14/2025 |
52 Weeks Range 16.92 - 34.45 | Updated Date 10/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 8.65% | Operating Margin (TTM) 7.45% |
Management Effectiveness
Return on Assets (TTM) 3.07% | Return on Equity (TTM) 7.71% |
Valuation
Trailing PE 27.81 | Forward PE 20.12 | Enterprise Value 1899243640 | Price to Sales(TTM) 2.45 |
Enterprise Value 1899243640 | Price to Sales(TTM) 2.45 | ||
Enterprise Value to Revenue 2.71 | Enterprise Value to EBITDA 21.26 | Shares Outstanding 60159113 | Shares Floating 58713126 |
Shares Outstanding 60159113 | Shares Floating 58713126 | ||
Percent Insiders 2.48 | Percent Institutions 106.39 |
Upturn AI SWOT
Veeco Instruments Inc
Company Overview
History and Background
Veeco Instruments Inc. was founded in 1945. It initially focused on vacuum technology and has evolved to become a leading manufacturer of process equipment used to make electronic devices. Significant milestones include expansion into new markets like data storage, wireless, and power electronics.
Core Business Areas
- Advanced Packaging, MEMS & Photonics: Provides equipment for advanced packaging processes, microelectromechanical systems (MEMS), and photonics applications. The tools deposit thin films and etch materials.
- Data Storage: Provides manufacturing solutions for data storage devices, including HDD and SSD components.
- Compound Semiconductor: Provides equipment for the production of compound semiconductors, which are used in power electronics, RF devices, and photonics applications. This includes metal-organic chemical vapor deposition (MOCVD) and etch technologies.
- Scientific & Industrial: Offers metrology and ion beam systems for scientific and industrial applications like research, optics, and advanced materials analysis.
Leadership and Structure
Bill Miller is the Chief Executive Officer. Veeco has a functional organizational structure with departments focused on sales, marketing, engineering, manufacturing, and finance.
Top Products and Market Share
Key Offerings
- SPECTORu00ae Ion Beam Deposition System: Used for optical coating and advanced thin film deposition. Competitors include Buhler AG, Optorun Co. Ltd.
- APEXu00ae MOCVD System: Used for manufacturing LEDs and power electronics devices. Competitors include Aixtron SE.
- Propelu00ae Etch System: Used for etching processes in advanced packaging and MEMS manufacturing. Competitors include Lam Research (LRCX), Applied Materials (AMAT).
- Dektaku00ae Stylus Profilers: Used for surface metrology in research and industrial applications. Competitors include Bruker Corporation (BRKR), KLA Corporation (KLAC).
Market Dynamics
Industry Overview
The semiconductor and advanced packaging equipment industry is driven by the demand for smaller, faster, and more power-efficient electronic devices. Key trends include the growth of AI, 5G, IoT, and electric vehicles, all of which require advanced manufacturing processes.
Positioning
Veeco is positioned as a leading supplier of process equipment, particularly in areas like MOCVD, ion beam deposition, and etch technologies. Its competitive advantages include its technology leadership in certain niches, and strong customer relationships.
Total Addressable Market (TAM)
The total addressable market for semiconductor and advanced packaging equipment is estimated to be in the tens of billions of dollars annually. Veeco's TAM is in the billions, focusing on specific niches within this larger market. They are positioned to capture a significant portion in these areas.
Upturn SWOT Analysis
Strengths
- Technology leadership in MOCVD and ion beam deposition
- Strong customer relationships with leading manufacturers
- Diverse product portfolio serving multiple markets
- Established global presence
Weaknesses
- Cyclical revenue due to dependence on capital equipment spending
- Relatively small market share compared to larger competitors
- Susceptible to economic downturns and geopolitical risks
- High R&D costs
Opportunities
- Growth in power electronics and electric vehicles
- Expansion into new markets like advanced packaging and photonics
- Increased demand for LED lighting
- Strategic acquisitions to expand product portfolio
Threats
- Intense competition from larger equipment manufacturers
- Rapid technological changes requiring continuous innovation
- Global economic slowdowns affecting capital spending
- Geopolitical risks impacting international sales
Competitors and Market Share
Key Competitors
- AMAT
- LRCX
- KLAC
- AIXG.DE
- BRKR
Competitive Landscape
Veeco faces strong competition from larger, more diversified equipment manufacturers. Veeco differentiates itself through technology leadership in specific niches, but has less of a market share than some competitors. Key competitive factors include technology, price, and customer service.
Major Acquisitions
Synos Technology
- Year: 2018
- Acquisition Price (USD millions): 73.5
- Strategic Rationale: Expanded Veeco's portfolio of advanced packaging and MEMS equipment.
Growth Trajectory and Initiatives
Historical Growth: Veeco's growth has been driven by demand in key markets such as MOCVD for LEDs and advanced packaging. Growth is also tied to global economy which is not always consistent
Future Projections: Analysts project continued growth in revenue and earnings, driven by demand for power electronics, data storage, and advanced packaging equipment. Revenue projections range from $850 million to $950 million in the next 2-3 years.
Recent Initiatives: Recent initiatives include investments in R&D for next-generation MOCVD and etch technologies, strategic acquisitions to expand the product portfolio, and expansion into new markets like photonics and MEMS.
Summary
Veeco is a technology leader in select niches of the semiconductor equipment market, showing good growth in recent years. Its revenue is cyclical and it faces tough competition, but it is well-positioned to capitalize on growth in power electronics and advanced packaging. Strategic acquisitions can further enhance its position. Global slowdowns of the economy can impact the company's earnings.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC filings, company press releases, analyst reports, market research reports
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Financial data is subject to change. Market share data is based on estimates and may not be precise. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Veeco Instruments Inc
Exchange NASDAQ | Headquaters Plainview, NY, United States | ||
IPO Launch date 1994-11-29 | CEO & Director Dr. William John Miller Ph.D. | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 1231 | Website https://www.veeco.com |
Full time employees 1231 | Website https://www.veeco.com | ||
Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices. The company 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, and other deposition systems. Its 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. In addition, the company markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test companies; and hard disk drive and photonics manufacturers, as well as research centers and universities. It operates in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.
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