Tag Archives: veeco instruments

LED Stocks Hit On Needham Downgrade Of Veeco Instruments (VECO) & Rubicon Technology (RBCN), But Sector Shows Signs Of Bottom

Shares of LED stocks are under pressure this morning after Needham downgraded both Veeco Instruments (VECO) and Rubicon Technology (RBCN) due to slowing demand and over capacity.  That’s essentially the same analysis analysts have made for solar stocks which have mirrored the performance of LED stocks.  It should be noted that both green sectors are emerging from the dead and are greatly improved technically.  I mentioned solar stocks bottomed out a few weeks ago and … Read the rest

Veeco Instruments (VECO) Beats, Confident About Growth

Some LED stocks have had a rough go of late (such as CREE and the China LED stocks), but a few continue to defy gravity such as Veeco Instruments (VECO which posted another strong quarter last night.  The company posted an EPS number of $1.33 which beat the analyst estimate of $1.21 on revenues of $254.7 million which also beat the analyst estimate of $246.7 million.  That’s good for quarter over quarter growth of 217% … Read the rest

Veeco Instruments (VECO) Instruments Misses, Guides Lower, But Shares Rise

Not long ago, the expectations for LED stocks were in the stratosphere, so any earnings miss sent them reeling.  Not the case now.  With LED stocks either basing for some time or at multi month lows, an inferior earnings report won’t hurt the stock much.  Or, as is the case with Veeco today, the stock can rise.  The company missed analyst estimates (on the revenue side) this quarter AND guided lower for next quarter, but … Read the rest

Kaufman Initiates Coverage Of LED Space (CREE, VECO, AIXG)

Kaufman Bros. has initiated overage of the big 3 LED stocks this morning according to Barrons.

Cree Inc (CREE) was initiated at Hold with a $58 price target.  They see CREE as the leader and one that deserves a premium valuation, but the stock is a bit overdone to the upside.  CREE is  trading up about 1%, but remains relatively weak technically and looks like it wants to test the $50 level at some … Read the rest

Good Day For Veeco Instruments (VECO) – Citi Maintains Buy Rating, Company Announced Buyback

It was a good day for Veeco Instruments (VECO) despite the fact the stock finished down a bit.  In the morning, Citi maintained its Buy rating and $52 price target.  Hat tip to Street Insider for the analyst comment:

“Consistent with our prior commentary that the low $30’s is a key trigger point for this stock, we are increasing F2011 EPS from $4.66 to $4.85 and adding the stock to Top Picks Live, Citi’s list … Read the rest

Veeco Instruments (VECO) Surging On News Elec-Tech Will Use For 2 LED Plants

On July 19th, I passed along the post at Notable Calls saying that UBS was expecting a big LED order for both Veeco Instruments (VECO) and Aixtron (AIXG) from Elec-Tech.  This morning, Veeco is confirming a large order from Elec-Tech  for 130 of its TurboDisc K465i Metal Organic Chemical Vapor Deposition, or MOCVD, systems as their “tool of choice” for two new LED factories in Wuhu and Yangzhou, China. I’m not sure whether this mean … Read the rest

Canaccord Genuity Downgrades Veeco Instruments (VECO), Slashes PT

Canaccord Genuity downgraded Veeco Instruments (VECO) earlier today from Buy to Hold and slashed the price target from $58 to $39.  Hat tip to Street Insider for the analyst comment.

===> Click Here For Your FREE Veeco Instruments Technical Analysis

“We are downgrading VECO shares as we project a cyclical digestion period and pause in earnings power in the coming years following the current capacity build-out for LCD TV backlighting…We are modeling 347 MOCVD shipments … Read the rest

Profit Explosion At Veeco Instruments (VECO), Beats By .18

What a quarter out of Veeco Instruments (VECO)!  LED lighting demand remains on fire with the company smashing analyst estimates by .18/share after the bell today.  The EPS number was more than double sequentially and an exponential jump over the year ago quarter when the company posted a loss of .15/share.  Revenues were equally as impressive, jumping more than 50% sequentially and more than tripling over the year ago quarter.

====> Click Here For Your Read the rest

Citi Reiterated Buy Rating On Veeco Instruments (VECO)

I had this written this up ahead of the bell this morning and forgot to hit publish!  These things happen on Monday mornings.. Anyway, Citi reiterated its Buy rating on Veeco Instruments (VECO) and its $53 price target this morning.  Hat tip to Street Insider for the analyst comment.

“Increasing estimates” F2010 EPS from $3.56 to $3.84 (Street $3.58), F2011 from $3.26 to $4.11 (Street $3.78) and F2012 from $1.69 to $3.39 as our prior … Read the rest

Veeco Instruments (VECO) Ships LED Manufacturing Systems To Invenlux

Veeco Instruments (VECO) has shipped several TurboDisc MOCVD systems to US based LED manufacturer Invenlux in order to ramp capacity at their China LED factory in Haiyan City.  No word on the financials of the deal.

====> Click Here For Your FREE Veeco Instruments Technical Analysis

“Invenlux has a history of producing reliable and efficient blue and green LEDs for LCD backlighting, traffic lights, full color displays, and general illumination,” commented Chris Yan, Ph.D., Chief … Read the rest