Veeco Instruments News

Other equities research analysts have also recently issued reports about the stock.

Veeco Instruments , which closed the quarter at $28.60, manufactures equipment used to produce high-brightness Light-Emitting Diodes for TVs and general lighting.

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China's government is pushing for more widespread use of light-emitting diode technology and recently updated its subsidy program, announcing it will target 20 to 30 industry leading firms.

TUCSON, Ariz., and PLAINVIEW, N.Y., May 8, 2012 - Lasertel Inc. has purchased a second high-throughput, multiwafer GEN200 Edge molecular beam epitaxy production system from Veeco Instruments Inc.

The firm currently has a $45.00 target price on the stock, up from their previous target price of $34.00. Veeco Instruments traded down 1.36% on Tuesday, hitting $35.51. Veeco Instruments has a 52-week low of $20.35 and a 52-week high of $57.67. The company has a market cap of $1.359 billion and a price-to-earnings ratio of 15.78. Veeco Instruments ... (more)

Veeco Instruments Inc. today announced that Edward H. Braun, formerly Chairman of the Board, has transitioned his Chairman role to John R. Peeler, Chief Executive Officer.

Revenue was down. Net income didn't fare much better. Forward guidance is barely in line with the most recent results.

LyondellBasell Industries NV Or : Barclays expects the ethylene cycle and operating rates to improve and recommends buying LyondellBasell on the weakness.

The 10-second takeaway For the quarter ended March 31 , Veeco Instruments beat expectations on revenues and earnings per share.

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VECO has been the subject of a number of other recent research reports. Analysts at B. Riley initiated coverage on shares of Veeco Instruments in a research note to investors on Friday, March 23rd.

Procter & Gamble Co. : BMO Capital reduced its target on Procter & Gamble after the company reported higher than expected Q3 EPS but lowered its FY12 guidance.

VeriFone Systems, Inc : Goldman said VeriFone Systems sell-off is overdone and that organic revenue growth is on track.

Veeco Instruments did not have the best sales figures in its first quarter owing to falling LED manufacturing gear demand, but it did much better than analysts had feared.

The top after-market NASDAQ gainers Monday were: PLX Technology, Kona Grill, Veeco Instruments, Central European Media Enterprises, Shutterfly and ShoreTel, Inc.