The stock of Veeco Instruments Inc. (NASDAQ:VECO) is a huge mover today! The stock decreased 3.48% or $0.525 during the last trading session, reaching $14.575. About 323,044 shares traded. Veeco Instruments Inc. (NASDAQ:VECO) has risen 94.55% since December 6, 2016 and is uptrending. It has outperformed by 77.85% the S&P500.The move comes after 7 months negative chart setup for the $704.00 million company. It was reported on Dec, 6 by Barchart.com. We have $13.26 PT which if reached, will make NASDAQ:VECO worth $63.36M less.
Among 11 analysts covering Glencore Intl plc (OTCMKTS:GLNCY), 5 have Buy rating, 3 Sell and 3 Hold. Therefore 45% are positive. Glencore Intl plc had 22 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies upgraded the shares of GLNCY in report on Thursday, November 10 to “Buy” rating. The rating was downgraded by JP Morgan to “Underweight” on Wednesday, December 14. Liberum Capital upgraded Glencore Plc (OTCMKTS:GLNCY) on Thursday, September 22 to “Hold” rating. The rating was upgraded by JP Morgan on Tuesday, December 15 to “Overweight”. The firm has “Hold” rating given on Thursday, July 23 by Jefferies. The firm earned “Neutral” rating on Monday, July 18 by Credit Suisse. The stock of Glencore Plc (OTCMKTS:GLNCY) earned “Buy” rating by Societe Generale on Tuesday, December 13. The company was upgraded on Monday, December 5 by Citigroup. The firm has “Neutral” rating by JP Morgan given on Thursday, April 7. The stock of Glencore Plc (OTCMKTS:GLNCY) earned “Hold” rating by Societe Generale on Friday, December 2. See Glencore Plc (OTCMKTS:GLNCY) latest ratings:
Analysts await Veeco Instruments Inc. (NASDAQ:VECO) to report earnings on February, 15. After $-0.04 actual EPS reported by Veeco Instruments Inc. for the previous quarter, Wall Street now forecasts -50.00% EPS growth.
Veeco Instruments Inc., together with its subsidiaries, designs, develops, makes, markets, and supports thin film process equipment to make light emitting diodes , micro-electromechanical systems (MEMS), power electronics, wireless devices, hard disk drives (HDDs), and semiconductor devices worldwide. The company has market cap of $704.00 million. It offers 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, as well as support services. It currently has negative earnings. The firm sells its products to LED, MEMS, outsourced semiconductor assembly and test, HDD, and semiconductor manufacturers, as well as research centers and universities.
Among 13 analysts covering Veeco Instruments (NASDAQ:VECO), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Veeco Instruments has $3900 highest and $14 lowest target. $26.32’s average target is 80.58% above currents $14.575 stock price. Veeco Instruments had 30 analyst reports since August 5, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, October 24 by KeyBanc Capital Markets. As per Friday, August 4, the company rating was downgraded by Deutsche Bank. Needham maintained the stock with “Buy” rating in Friday, November 3 report. The firm earned “Hold” rating on Monday, April 4 by Summit Research. The rating was maintained by KeyBanc Capital Markets on Thursday, October 12 with “Buy”. The firm has “Neutral” rating by JP Morgan given on Thursday, October 29. The rating was upgraded by Bank of America on Friday, February 10 to “Buy”. As per Thursday, October 6, the company rating was maintained by UBS. The firm has “Buy” rating given on Thursday, October 29 by Benchmark. J.P. Morgan upgraded the shares of VECO in report on Tuesday, June 13 to “Buy” rating.
Investors sentiment increased to 2.73 in Q2 2017. Its up 1.34, from 1.39 in 2017Q1. It increased, as 14 investors sold Veeco Instruments Inc. shares while 31 reduced holdings. 42 funds opened positions while 81 raised stakes. 45.34 million shares or 12.02% more from 40.47 million shares in 2017Q1 were reported. Archford Strategies Ltd accumulated 26,516 shares or 0% of the stock. Bnp Paribas Arbitrage holds 0% or 20,695 shares. Parametric Port Assoc Limited Liability Co accumulated 137,763 shares. Fisher Asset Limited Liability Corporation owns 1.48 million shares for 0.06% of their portfolio. Employees Retirement System Of Texas, Texas-based fund reported 17,120 shares. Hillsdale Invest Mngmt Inc holds 30,704 shares. Teton Advisors Inc holds 22,986 shares or 0.06% of its portfolio. State Street stated it has 0% of its portfolio in Veeco Instruments Inc. (NASDAQ:VECO). State Teachers Retirement Sys has 0.01% invested in Veeco Instruments Inc. (NASDAQ:VECO) for 112,684 shares. Raymond James Fin Serv Advsr owns 26,766 shares. California-based Eam Investors Limited Liability Com has invested 0.38% in Veeco Instruments Inc. (NASDAQ:VECO). Pinnacle Advisory Gp holds 279,217 shares or 0.54% of its portfolio. Texas Permanent School Fund has 0.01% invested in Veeco Instruments Inc. (NASDAQ:VECO). Invesco Ltd holds 0% or 416,827 shares. Blackrock Incorporated owns 6.33 million shares.
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