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Upturn AI SWOT - About
Veeco Instruments Inc (VECO)
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Upturn Advisory Summary
06/27/2025: VECO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
7 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $27.14
1 Year Target Price $27.14
| 4 | Strong Buy |
| 1 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 18.13% | Avg. Invested days 46 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 06/27/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.20B USD | Price to earnings Ratio 19.36 | 1Y Target Price 27.14 |
Price to earnings Ratio 19.36 | 1Y Target Price 27.14 | ||
Volume (30-day avg) 7 | Beta 1.1 | 52 Weeks Range 16.92 - 49.25 | Updated Date 06/30/2025 |
52 Weeks Range 16.92 - 49.25 | Updated Date 06/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.06 |
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 8.99% | Operating Margin (TTM) 8.46% |
Management Effectiveness
Return on Assets (TTM) 3.28% | Return on Equity (TTM) 8.51% |
Valuation
Trailing PE 19.36 | Forward PE 17.39 | Enterprise Value 1130324959 | Price to Sales(TTM) 1.68 |
Enterprise Value 1130324959 | Price to Sales(TTM) 1.68 | ||
Enterprise Value to Revenue 1.59 | Enterprise Value to EBITDA 11.8 | Shares Outstanding 58292200 | Shares Floating 56891392 |
Shares Outstanding 58292200 | Shares Floating 56891392 | ||
Percent Insiders 2.5 | Percent Institutions 102.06 |
Analyst Ratings
Rating 3 | Target Price 27.14 | Buy 1 | Strong Buy 4 |
Buy 1 | Strong Buy 4 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Veeco Instruments Inc
Company Overview
History and Background
Veeco Instruments Inc. was founded in 1945. Initially focused on vacuum technology, Veeco has evolved into a leading provider of process equipment solutions for manufacturing advanced technologies, including semiconductors, photonics, and data storage.
Core Business Areas
- Semiconductor: Provides equipment for advanced packaging, EUV lithography, and front-end processing applications. Key products include etching, deposition, and laser annealing systems.
- Photonics: Supplies MOCVD (Metal-Organic Chemical Vapor Deposition) systems for the production of LEDs, lasers, microLEDs, and other photonic devices.
- Data Storage: Offers ion beam deposition systems for manufacturing magnetic heads used in hard disk drives.
- Compound Semiconductor: Addresses the growing demand for silicon carbide(SiC) and gallium nitride(GaN) power devices.
Leadership and Structure
Bill Miller is the CEO. The company is structured with functional departments such as sales, marketing, engineering, operations, and finance.
Top Products and Market Share
Key Offerings
- SPECTORu00ae Ion Beam Deposition Systems: Ion beam deposition systems used in data storage head manufacturing. Competitors include Intevac and Tokyo Electron. Market share is estimated to be significant in its niche, but specific figures vary.
- Propelu00ae MOCVD Systems: MOCVD systems for LED and advanced photonics manufacturing. Competitors include Aixtron and ASML(for EUV lithography source power). Market share varies by specific application within photonics.
- APEXu00ae Etch Systems: Etch systems used for advanced packaging and other semiconductor applications. Competitors include Applied Materials and Lam Research. Market share is smaller compared to larger players in the broader etch market.
Market Dynamics
Industry Overview
The industries Veeco serves (semiconductor, photonics, and data storage) are characterized by rapid technological advancements, high capital expenditures, and cyclical demand. Increasing demand in AI, automotive, and renewable energies are creating demand for the underlying manufacturing equipment that Veeco offers
Positioning
Veeco is positioned as a technology leader in select niche markets within the semiconductor, photonics, and data storage equipment industries. Their competitive advantage lies in their specialized expertise and process know-how.
Total Addressable Market (TAM)
The total addressable market is estimated in billions of dollars across the semiconductors, photonics, and data storage industries. Veeco is positioned to capture a portion of this TAM based on its market share and product offerings.
Upturn SWOT Analysis
Strengths
- Strong technology portfolio in select niches
- Established customer relationships
- Experienced management team
- Proprietary technology
Weaknesses
- Smaller scale compared to larger competitors
- Reliance on cyclical industries
- Geographic concentration of revenue in Asia
- Customer concentration
Opportunities
- Growth in advanced packaging
- Expansion in silicon carbide (SiC) and gallium nitride (GaN) for power semiconductors
- Increasing demand for microLEDs and advanced displays
- Potential for strategic acquisitions
- Semiconductor Reshoring
Threats
- Economic downturns
- Technological obsolescence
- Competition from larger equipment manufacturers
- Supply chain disruptions
- Trade restrictions
Competitors and Market Share
Key Competitors
- AMAT
- LRCX
- AIXG.DE
- ASML
Competitive Landscape
Veeco faces intense competition from larger, more diversified equipment manufacturers like Applied Materials and Lam Research. However, Veeco differentiates itself with its specialized expertise and process know-how in niche markets. smaller competitors such as AIXG.DE are more focused.
Major Acquisitions
Synos Technology
- Year: 2018
- Acquisition Price (USD millions): 59
- Strategic Rationale: Acquired Synos Technology to expand Veeco's portfolio of advanced packaging solutions.
Growth Trajectory and Initiatives
Historical Growth: Historically, Veeco's growth has been cyclical, influenced by the capital spending cycles of its customers. Periods of strong growth have been followed by periods of slower growth or decline.
Future Projections: Analyst projections vary, but generally anticipate continued growth in revenue and earnings, driven by demand for advanced packaging, photonics, and compound semiconductors. Projections are subject to change based on market conditions.
Recent Initiatives: Recent strategic initiatives include focusing on high-growth markets like silicon carbide (SiC), gallium nitride (GaN), and advanced packaging; developing new product platforms; and expanding its global footprint.
Summary
Veeco is a technology leader in select niche markets in semiconductors and photonics, driven by specialized expertise. Cyclical demand and competition from larger players pose challenges. Growth opportunities exist in advanced packaging and compound semiconductors. Recent acquisitions show the company strategy to grow its high-growth market portfolio.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Investor Presentations
- Press Releases
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market data and estimates are subject to change and may not be accurate.
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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