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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 242.73
VECO's Cash to Debt is ranked higher than
73% of the 1036 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 5.76 vs. VECO: 242.73 )
VECO' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 242.73

Equity to Asset 0.84
VECO's Equity to Asset is ranked higher than
89% of the 1022 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.64 vs. VECO: 0.84 )
VECO' s 10-Year Equity to Asset Range
Min: -0.02   Max: 0.88
Current: 0.84

-0.02
0.88
F-Score: 1
Z-Score: 6.43
M-Score: -1.56
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 2/10

vs
industry
vs
history
Operating margin (%) -21.65
VECO's Operating margin (%) is ranked lower than
62% of the 1012 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.07 vs. VECO: -21.65 )
VECO' s 10-Year Operating margin (%) Range
Min: -46.14   Max: 29.74
Current: -21.65

-46.14
29.74
Net-margin (%) -12.74
VECO's Net-margin (%) is ranked lower than
56% of the 1012 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.26 vs. VECO: -12.74 )
VECO' s 10-Year Net-margin (%) Range
Min: -41.4   Max: 38.76
Current: -12.74

-41.4
38.76
ROE (%) -5.42
VECO's ROE (%) is ranked higher than
51% of the 1009 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.59 vs. VECO: -5.42 )
VECO' s 10-Year ROE (%) Range
Min: -40.23   Max: 47.44
Current: -5.42

-40.23
47.44
ROA (%) -4.46
VECO's ROA (%) is ranked lower than
51% of the 1027 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.51 vs. VECO: -4.46 )
VECO' s 10-Year ROA (%) Range
Min: -20.39   Max: 31.51
Current: -4.46

-20.39
31.51
ROC (Joel Greenblatt) (%) -80.56
VECO's ROC (Joel Greenblatt) (%) is ranked lower than
65% of the 1023 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 6.11 vs. VECO: -80.56 )
VECO' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -80.56   Max: 192.07
Current: -80.56

-80.56
192.07
Revenue Growth (%) -27.00
VECO's Revenue Growth (%) is ranked lower than
52% of the 745 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: -1.80 vs. VECO: -27.00 )
VECO' s 10-Year Revenue Growth (%) Range
Min: -27   Max: 24
Current: -27

-27
24
» VECO's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

VECO Guru Trades in Q3 2013

Jim Simons 23,160 sh (New)
Robert Karr 940,957 sh (unchged)
FPA Capital Fund 297,600 sh (unchged)
Joel Greenblatt Sold Out
Ken Fisher 2,475,627 sh (-0.28%)
Murray Stahl 10,950 sh (-0.9%)
First Pacific Advisors 644,600 sh (-3.46%)
Chuck Royce 2,631,112 sh (-4.52%)
John Hussman 100,000 sh (-83.33%)
Steven Cohen 8,800 sh (-95.18%)
» More
Q4 2013

VECO Guru Trades in Q4 2013

Robert Karr 2,535,933 sh (+169.51%)
FPA Capital Fund 317,500 sh (+6.69%)
First Pacific Advisors 648,900 sh (+0.67%)
John Hussman Sold Out
Jim Simons Sold Out
Steven Cohen Sold Out
Ken Fisher 2,443,652 sh (-1.29%)
Murray Stahl 9,700 sh (-11.42%)
Chuck Royce 2,330,064 sh (-11.44%)
» More
Q1 2014

VECO Guru Trades in Q1 2014

Steven Cohen 14,210 sh (New)
Ken Fisher 2,395,982 sh (-1.95%)
Murray Stahl 9,500 sh (-2.06%)
Chuck Royce 1,941,564 sh (-16.67%)
FPA Capital Fund 241,700 sh (-23.87%)
First Pacific Advisors 493,800 sh (-23.9%)
Robert Karr 1,531,251 sh (-39.62%)
» More
Q2 2014

VECO Guru Trades in Q2 2014

Chuck Royce 2,080,464 sh (+7.15%)
Murray Stahl 9,700 sh (+2.11%)
FPA Capital Fund 241,700 sh (unchged)
First Pacific Advisors 492,800 sh (-0.2%)
Ken Fisher 2,150,726 sh (-10.24%)
Robert Karr 1,347,800 sh (-11.98%)
» More
» Details

Insider Trades

Latest Guru Trades with VECO

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
FPA Capital Fund 2014-03-31 Reduce -23.87%0.29%$32.18 - $43.3 $ 35.37-8%241700
John Hussman 2013-12-31 Sold Out 0.2%$28.44 - $38.15 $ 35.3710%0
John Hussman 2013-09-30 Reduce -83.33%0.81%$33.16 - $36.41 $ 35.371%100000
Joel Greenblatt 2013-09-30 Sold Out 0.01%$33.16 - $36.41 $ 35.371%0
FPA Capital Fund 2013-06-30 Reduce -10.01%0.15%$32.23 - $42.6 $ 35.37-6%297600
Joel Greenblatt 2013-06-30 Reduce -87.63%0.11%$32.23 - $42.6 $ 35.37-6%7860
John Hussman 2013-03-31 New Buy0.91%$28.71 - $38.41 $ 35.3710%650000
FPA Capital Fund 2013-03-31 Reduce -21.36%0.32%$28.71 - $38.41 $ 35.3710%330700
Joel Greenblatt 2013-03-31 Reduce -72.22%0.28%$28.71 - $38.41 $ 35.3710%63521
FPA Capital Fund 2012-12-31 Add 24.15%0.29%$26.89 - $31.52 $ 35.3720%420500
FPA Capital Fund 2012-09-30 Reduce -27.15%0.54%$30 - $38.09 $ 35.372%338700
Joel Greenblatt 2012-06-30 Add 17.67%0.12%$26.4 - $37.34 $ 35.3710%317736
FPA Capital Fund 2012-03-31 Add 105.98%0.77%$21.52 - $33.4 $ 35.3738%464900
John Paulson 2012-03-31 Sold Out 0.44%$21.52 - $33.4 $ 35.3738%0
Joel Greenblatt 2012-03-31 Add 24.24%0.13%$21.52 - $33.4 $ 35.3738%270018
Ronald Muhlenkamp 2011-09-30 Sold Out 1.8369%$26.94 - $47.21 $ 35.37-2%0
FPA Capital Fund 2011-09-30 New Buy0.77%$26.94 - $47.21 $ 35.37-2%225700
Joel Greenblatt 2011-09-30 Add 24.61%0.18%$26.94 - $47.21 $ 35.37-2%228522
Joel Greenblatt 2011-06-30 Add 740.23%1.09%$46.47 - $57.59 $ 35.37-30%183396
Ronald Muhlenkamp 2011-06-30 Reduce -26.69%0.61%$46.47 - $57.59 $ 35.37-30%225075
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Veeco Instruments Inc

FPA Capital Fund Comments on Veeco Instruments - Jul 23, 2014

Among a few stocks that had negative returns in the quarter, Veeco Instruments (VECO) and Titan International (TWI) are also among the smaller positions in the portfolio. VECO declined 11.1% in the June quarter, but not enough for us to add to the position.

From FPA Capital Fund (Trades, Portfolio)’s Second Quarter 2014 Commentary.

Check out FPA Capital Fund latest stock trades

FPA Capital Comments on Veeco - Oct 31, 2012

We reduced Veeco Instruments (VECO) in the mid-to-high $30s because it approached fair valuation and our channel checks suggested that the metal organic chemical vapor deposition market, used to produce high-brightness LEDs, will remain under pressure for a while longer. We trimmed the position before the stock slid over 20% from its 52-week high.

From FPA Capital’s third quarter commentary.


Check out Robert Rodriguez latest stock trades

Top Ranked Articles about Veeco Instruments Inc

FPA Capital Fund Comments on Veeco Instruments
Among a few stocks that had negative returns in the quarter, Veeco Instruments (VECO) and Titan International (TWI) are also among the smaller positions in the portfolio. VECO declined 11.1% in the June quarter, but not enough for us to add to the position. Read more...

Ratios

vs
industry
vs
history
P/B 1.80
VECO's P/B is ranked higher than
61% of the 1080 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.00 vs. VECO: 1.80 )
VECO' s 10-Year P/B Range
Min: 0.48   Max: 4.99
Current: 1.8

0.48
4.99
P/S 3.90
VECO's P/S is ranked lower than
67% of the 1080 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.75 vs. VECO: 3.90 )
VECO' s 10-Year P/S Range
Min: 0.3   Max: 4.66
Current: 3.9

0.3
4.66
EV-to-EBIT -22.10
VECO's EV-to-EBIT is ranked higher than
51% of the 1080 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 51.77 vs. VECO: -22.10 )
VECO' s 10-Year EV-to-EBIT Range
Min: 1.5   Max: 99.2
Current: -22.1

1.5
99.2
Shiller P/E 24.10
VECO's Shiller P/E is ranked higher than
91% of the 1080 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 9999.00 vs. VECO: 24.10 )
VECO' s 10-Year Shiller P/E Range
Min: 14.65   Max: 61.01
Current: 24.1

14.65
61.01
Current Ratio 4.95
VECO's Current Ratio is ranked higher than
89% of the 923 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.55 vs. VECO: 4.95 )
VECO' s 10-Year Current Ratio Range
Min: 1.54   Max: 7.31
Current: 4.95

1.54
7.31
Quick Ratio 4.57
VECO's Quick Ratio is ranked higher than
90% of the 923 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.01 vs. VECO: 4.57 )
VECO' s 10-Year Quick Ratio Range
Min: 0.85   Max: 6.72
Current: 4.57

0.85
6.72

Valuation & Return

vs
industry
vs
history
Price/Net Cash 4.31
VECO's Price/Net Cash is ranked higher than
95% of the 1080 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 9999.00 vs. VECO: 4.31 )
VECO' s 10-Year Price/Net Cash Range
Min: 2.55   Max: 82.08
Current: 4.31

2.55
82.08
Price/Net Current Asset Value 3.57
VECO's Price/Net Current Asset Value is ranked higher than
94% of the 1080 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 9999.00 vs. VECO: 3.57 )
VECO' s 10-Year Price/Net Current Asset Value Range
Min: 1.82   Max: 76.99
Current: 3.57

1.82
76.99
Price/Tangible Book 2.35
VECO's Price/Tangible Book is ranked higher than
61% of the 1080 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.32 vs. VECO: 2.35 )
VECO' s 10-Year Price/Tangible Book Range
Min: 0.94   Max: 16.1
Current: 2.35

0.94
16.1
Price/DCF (Projected) 1.13
VECO's Price/DCF (Projected) is ranked higher than
92% of the 1080 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 9999.00 vs. VECO: 1.13 )
VECO' s 10-Year Price/DCF (Projected) Range
Min: 0.54   Max: 11.64
Current: 1.13

0.54
11.64
Price/Median PS Value 2.29
VECO's Price/Median PS Value is ranked lower than
61% of the 1080 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.12 vs. VECO: 2.29 )
VECO' s 10-Year Price/Median PS Value Range
Min: 0.24   Max: 4.54
Current: 2.29

0.24
4.54
Forward Rate of Return (Yacktman) 4.90
VECO's Forward Rate of Return (Yacktman) is ranked higher than
84% of the 680 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.78 vs. VECO: 4.90 )
VECO' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 0.3   Max: 9.5
Current: 4.9

0.3
9.5

Business Description

Industry: Semiconductors » Semiconductor Equipment & Materials
Compare:ASML, AMAT, TOELY, KLAC, LRCX » details
Traded in other countries:VEO.Germany
Veeco Instruments Inc was organized as a Delaware corporation in 1989. The Company trhough its subsidiaries creates Process Equipment solutions that enable technologies for a cleaner and more productive world. The Company designs, manufactures and markets equipment primarily sold to make light emitting diodes and hard-disk drives, as well as for emerging applications such as concentrator photovoltaics, power semiconductors, wireless components, microelectromechanical systems, and other next-generation devices. Its two business segments are LED & Solar and Data Storage. LED & Solar segment designs and manufactures metal organic chemical vapor deposition and molecular beam epitaxy systems and components sold to manufacturers of LEDs, wireless devices, power semiconductors, and concentrator photovoltaics, as well as to R&D applications. Data Storage segment designs and manufactures the critical technologies used to create thin film magnetic heads that read and write data on hard disk drives. These technologies include ion beam etch, ion beam deposition, diamond-like carbon, physical vapor deposition, chemical vapor deposition, and slicing, dicing and lapping systems. The Company sells its products and services worldwide through various strategically located sales and service facilities in the U.S., Europe and Asia Pacific. The Company sells its products to many of the world's major HB LED, solar and hard drive manufacturers as well as to customers in other industries, research centers, and universities. It currently outsources certain functions to third parties, including the manufacture of all or substantially all of its new MOCVD systems, Data Storage systems and ion sources. The Company competes with manufacturers such as Aixtron, Applied Materials, Canon Anelva Corporation, DCA Instruments, Leybold Optics, Oerlikon Balzers, Oxford Instruments, Toyo Nippon Sanso and Riber. The Company is subject to environmental, health and safety regulations in connection with its business operations, including but not limited to regulations related to the development, manufacture, and use of its products.
» More Articles for VECO

Headlines

Articles On GuruFocus.com
Veeco May Illuminate Your Portfolio Aug 19 2014 
FPA Capital Fund Comments on Veeco Instruments Jul 23 2014 
FPA Capital Fund Second Quarter 2014 Commentary Jul 23 2014 
Guru Robert Karr’s Top Five in Last Quarter as Money Manager May 15 2014 
Guru Robert Karr Closes Fund Joho Capital - His Top Five Q4 Stocks Feb 17 2014 
Follow Robert Karr Hunting for Quality Globally Feb 12 2014 
Weekly Insider Sells Highlight: FRX, AXP, WFC, BBT, VECO Jan 26 2014 
Will Robert Karr Be Lit in the Coming Years? I Bet It Will Be with LED Light Nov 25 2013 
comment on VECO Apr 05 2013 
great mangment, buy Apr 05 2013 

More From Other Websites
VEECO INSTRUMENTS INC Files SEC form 8-K, Change in Directors or Principal Officers Aug 25 2014
Summit Research Cuts Veeco Instruments Price Target As Company Continues To Underperform Aug 20 2014
VEECO INSTRUMENTS INC Financials Aug 08 2014
UPDATE: Bank Of America Reiterates On Veeco Instruments On Weak Guidance Ahead Jul 31 2014
Veeco Instruments upgraded by Noble Financial Jul 31 2014
VEECO INSTRUMENTS INC Files SEC form 10-Q, Quarterly Report Jul 31 2014
VEECO INSTRUMENTS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Jul 30 2014
Leading Chinese LED Manufacturer Chooses Veeco MOCVD Systems for Expansion into GaN LED Market Jul 30 2014
Leading Chinese LED Manufacturer Chooses Veeco MOCVD Systems for Expansion into GaN LED Market Jul 30 2014
Veeco Reports Second Quarter 2014 Financial Results Jul 30 2014
Q2 2014 Veeco Instruments Inc. Earnings Release - After Market Close Jul 30 2014
Veeco Announces Date for Release of Second Quarter 2014 Financial Results and Upcoming Investor... Jul 08 2014
Veeco Introduces New Brokerage Website To Facilitate the Buying and Selling of Pre-Owned Equipment Jul 07 2014
Management Changes Should Light Up Cree Sales Jun 25 2014
Wall Street Transcript Interview with David G. Tacelli, the CEO an President of LTX-Credence... May 27 2014
Wedbush to hold a conference May 13 2014
VEECO INSTRUMENTS INC Files SEC form 8-K, Change in Directors or Principal Officers, Submission of... May 06 2014
Veeco Appoints Shubham Maheshwari as Chief Financial Officer May 06 2014
Veeco Instruments' (VECO)' CEO John Peeler on Q1 2014 Results - Earnings Call Transcript May 05 2014
Veeco Instruments Inc. Earnings Call scheduled for 5:00 pm ET today May 05 2014

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