-2.32%
-8.73%
-13.89%
-29.69%
-24.24%
-6.35%
84.72%
AI Spotlight on VECO
Company Description
Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide.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, and atomic layer deposition and other deposition systems, as well as packaging lithography equipment.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, hard disk drive, and photonics manufacturers; and research centers and universities.Veeco Instruments Inc.was founded in 1945 and is headquartered in Plainview, New York.
Market Data
| Last Price | 24.79 |
| Change Percentage | -2.32% |
| Open | 24.75 |
| Previous Close | 25.38 |
| Market Cap ( Millions) | 1408 |
| Volume | 135629 |
| Year High | 49.25 |
| Year Low | 23.24 |
| M A 50 | 27.17 |
| M A 200 | 34.41 |
Financial Ratios
| FCF Yield | 2.93% |
| Dividend Yield | 0.00% |
| ROE | 11.39% |
| Debt / Equity | 42.05% |
| Net Debt / EBIDTA | 124.23% |
| Price To Book | 1.88 |
| Price Earnings Ratio | 17.42 |
| Price To FCF | 34.14 |
| Price To sales | 1.99 |
| EV / EBITDA | 12.86 |
News
- Jan -22 - Veeco Announces Date for Fourth Quarter Financial Results and Conference Call
- Jan -06 - Why Citi is bullish on the chip sector
- Jan -02 - Veeco Announces Upcoming Investor Event
- Dec -18 - PlayNitride Selects Veeco's Lumina MOCVD System for MicroLED Production Supporting Next Generation Applications
- Nov -26 - Veeco Announces Upcoming Investor Events
- Nov -07 - Veeco Instruments Inc. (VECO) Q3 2024 Earnings Call Transcript
- Nov -07 - Veeco Instruments (VECO) Q3 Earnings and Revenues Top Estimates
- Oct -07 - Invesco Ltd.'s Strategic Reduction in Veeco Instruments Inc.
- Oct -02 - Veeco Instruments Inc (VECO) Shares Up 3.28% on Oct 2
- Aug -14 - Veeco Announces Agreement with IBM to Explore Wet Processing System for Advanced Packaging Applications
- Aug -07 - Veeco Announces Upcoming Investor Events
- Aug -07 - Zacks Industry Outlook MKS Instruments and Veeco Instruments
- Aug -07 - Veeco Instruments Inc. (VECO) Q2 2024 Earnings Call Transcript
- Aug -06 - Veeco Instruments (VECO) Q2 Earnings Miss Estimates
- Aug -06 - 2 Electronics Stocks to Buy From a Prospering Industry
- Jul -30 - Veeco Instruments (VECO) Earnings Expected to Grow: Should You Buy?
- Jul -29 - Down -15.52% in 4 Weeks, Here's Why You Should You Buy the Dip in Veeco (VECO)
- Jul -25 - 3 Nanotechnology Stocks With Microscopic Risk
- Jul -23 - Short Squeeze Candidates Amid Tech Fire Sale
- Jul -16 - Veeco Announces Date for Second Quarter Financial Results and Conference Call
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Semiconductor
Expected Growth : 8 %
What the company do ?
Veeco Instruments Inc. is a leading manufacturer of semiconductor process equipment, providing innovative solutions for thin film deposition, etch, and surface preparation.
Why we expect these perspectives ?
Veeco Instruments Inc.'s Semiconductor segment growth is driven by increasing demand for advanced semiconductor devices, adoption of 5G and IoT technologies, and rising investments in artificial intelligence and machine learning. Additionally, the growing need for semiconductor manufacturing equipment and Veeco's leadership in MOCVD and EPI technologies contribute to its 8% growth.
Segment n°2 -> Data Storage
Expected Growth : 6 %
What the company do ?
Veeco Instruments Inc.'s Data Storage provides a comprehensive solution for managing and storing data from various sources, ensuring efficient data retrieval and analysis.
Why we expect these perspectives ?
Veeco Instruments Inc.'s 6% growth in Data Storage is driven by increasing demand for high-capacity storage devices, advancements in semiconductor technology, and rising adoption of cloud storage. Additionally, the growing need for efficient data management and analytics, as well as the proliferation of IoT devices, contribute to this growth.
Segment n°3 -> Compound Semiconductor
Expected Growth : 9 %
What the company do ?
Veeco Instruments Inc.'s Compound Semiconductor is a technology used to create high-performance semiconductor devices, enabling advanced applications in 5G, AI, and IoT.
Why we expect these perspectives ?
Veeco Instruments' Compound Semiconductor segment growth is driven by increasing demand for 5G, IoT, and electric vehicles, which rely on high-performance semiconductors. Additionally, the adoption of advanced packaging technologies, such as flip chip and wafer-level packaging, fuels growth. Furthermore, Veeco's leadership in MOCVD and MBE technologies enables it to capitalize on the rising demand for high-brightness LEDs and laser diodes.
Segment n°4 -> Scientific and Other
Expected Growth : 5 %
What the company do ?
Veeco Instruments Inc.'s Scientific and Other segment includes sales of metrology and inspection systems, as well as services and upgrades for these products.
Why we expect these perspectives ?
Veeco Instruments Inc.'s Scientific and Other segment growth is driven by increasing demand for advanced materials and semiconductor technologies, government investments in scientific research, and growing adoption of 3D sensing and augmented reality applications. Additionally, the company's strategic acquisitions and partnerships have expanded its product offerings and enhanced its market position, contributing to the 5% growth rate.
Veeco Instruments Inc. Products
| Product Range | What is it ? |
|---|---|
| MOCVD Systems | Veeco's Metal Organic Chemical Vapor Deposition (MOCVD) systems are used to deposit thin films of semiconductor materials for LEDs, lasers, and other optoelectronic devices. |
| MBE Systems | Veeco's Molecular Beam Epitaxy (MBE) systems are used to grow high-quality epitaxial layers for advanced semiconductor devices, including transistors, sensors, and optoelectronic devices. |
| Ion Beam Etch and Deposition Systems | Veeco's Ion Beam Etch and Deposition Systems are used to etch and deposit thin films of materials for semiconductor, data storage, and other applications. |
| Atomic Layer Deposition (ALD) Systems | Veeco's ALD systems are used to deposit ultra-thin films of materials for semiconductor, display, and other applications. |
| Physical Vapor Deposition (PVD) Systems | Veeco's PVD systems are used to deposit thin films of materials for semiconductor, data storage, and other applications. |
| Laser Annealing Systems | Veeco's Laser Annealing Systems are used to activate dopants and improve semiconductor device performance. |
Veeco Instruments Inc.'s Porter Forces
Threat Of Substitutes
Veeco Instruments Inc. faces moderate threat from substitutes, as there are limited alternatives to its semiconductor manufacturing equipment and metrology systems.
Bargaining Power Of Customers
Veeco Instruments Inc. has a diverse customer base, which reduces the bargaining power of individual customers, and the company's products are often customized, making it difficult for customers to switch suppliers.
Bargaining Power Of Suppliers
Veeco Instruments Inc. relies on a few key suppliers for critical components, which gives them some bargaining power, but the company's size and scale also give it some negotiating power.
Threat Of New Entrants
The semiconductor manufacturing equipment and metrology systems industry has high barriers to entry, including significant capital requirements and technical expertise, which limits the threat of new entrants.
Intensity Of Rivalry
Veeco Instruments Inc. operates in a highly competitive industry with several established players, and the company must continually innovate and invest in research and development to maintain its market position.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 29.32% |
| Debt Cost | 3.95% |
| Equity Weight | 70.68% |
| Equity Cost | 9.79% |
| WACC | 8.07% |
| Leverage | 41.49% |
Veeco Instruments Inc. : Quality Control
Veeco Instruments Inc. passed 6 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| OLED | Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. It owns, exclusively … |
| VSH | Vishay Intertechnology, Inc. manufactures and supplies discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. It operates through six segments: Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), … |
| AMKR | Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey … |
| MTSI | MACOM Technology Solutions Holdings, Inc., together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, … |
| RMBS | Rambus Inc. provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. The company offers DDR memory interface chips, including DDR5, DDR4 and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Vishay
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Amkor Technology
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Universal Display
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MACOM Tech
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Rambus
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6
