Veeco Instruments (VECO) and Its Competitors Financial Analysis

Veeco Instruments (NASDAQ: VECO) is one of 104 public companies in the “Semiconductors” industry, but how does it weigh in compared to its competitors? We will compare Veeco Instruments to related companies based on the strength of its earnings, dividends, profitability, institutional ownership, risk, analyst recommendations and valuation.

Volatility & Risk

Veeco Instruments has a beta of 0.79, indicating that its share price is 21% less volatile than the S&P 500. Comparatively, Veeco Instruments’ competitors have a beta of 1.07, indicating that their average share price is 7% more volatile than the S&P 500.

Institutional & Insider Ownership

95.4% of Veeco Instruments shares are held by institutional investors. Comparatively, 65.3% of shares of all “Semiconductors” companies are held by institutional investors. 2.9% of Veeco Instruments shares are held by insiders. Comparatively, 6.7% of shares of all “Semiconductors” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Analyst Recommendations

This is a summary of recent ratings and target prices for Veeco Instruments and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Veeco Instruments 0 3 6 0 2.67
Veeco Instruments Competitors 914 4769 8659 359 2.58

Veeco Instruments presently has a consensus price target of $30.38, suggesting a potential upside of 70.17%. As a group, “Semiconductors” companies have a potential upside of 7.40%. Given Veeco Instruments’ stronger consensus rating and higher probable upside, research analysts clearly believe Veeco Instruments is more favorable than its competitors.

Valuation & Earnings

This table compares Veeco Instruments and its competitors revenue, earnings per share (EPS) and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Veeco Instruments $388.54 million $4.60 million -7.73
Veeco Instruments Competitors $4.29 billion $1.35 billion 24.19

Veeco Instruments’ competitors have higher revenue and earnings than Veeco Instruments. Veeco Instruments is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Veeco Instruments and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Veeco Instruments -23.65% -1.33% -0.91%
Veeco Instruments Competitors -46.08% 1.24% 0.68%

Summary

Veeco Instruments competitors beat Veeco Instruments on 7 of the 12 factors compared.

About Veeco Instruments

Veeco Instruments Inc. is engaged in the design, development, manufacture and support of thin film process equipment, primarily sold to make electronic devices. The Company’s geographical segments include the United States; China; Europe, Middle East and Africa (EMEA), and Rest of World (ROW). The Company’s portfolio of technology solutions focus on market areas, including Lighting, Display & Power Electronics; Advanced Packaging, micro-electromechanical systems (MEMS) & radio frequency (RF); Scientific & Industrial, and Data Storage. The Company’s equipment is used to make electronic devices, including light emitting diodes (LEDs), MEMS, wireless devices, power electronics, hard disk drives (HDDs) and semiconductor devices. The Company’s System products include Metal Organic Chemical Vapor Deposition Systems, Precision Surface Processing Systems, Ion Beam Etch and Deposition Systems, Molecular Beam Epitaxy Systems, and Other Deposition and Industrial Products.

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