Professional
Added to YB: 2024-07-24
Pitch date: 2024-06-30
VECO [bullish]
Veeco Instruments Inc.
-34.49%
current return
Author Info
Riverwater Partners is a Milwaukee-based investment advisory firm dedicated to responsible investing. Visit the website.
Company Info
Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices.
Market Cap
$1.8B
Pitch Price
$46.74
Price Target
N/A
Dividend
N/A
EV/EBITDA
21.95
P/E
35.13
EV/Sales
2.42
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Riverwater Sustainable Value Strategy Portfolio Holding: Veeco Instruments Inc.
VECO: Key AI chip equipment supplier. Laser annealing tech from Ultratech acquisition enables leading-edge chip production (iPhone, NVIDIA). Legacy memory/storage biz boosted by AI data needs. Strong market position across semiconductor spectrum. Bought at low teens P/E, still discounted vs market/tech sector. Long-term growth potential in revenue, earnings, share price.
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