Veeco Instruments Inc. (VECO) Reaches $14.70 1 Year Low; Last Week United Technologies (UTX) Analysts

December 6, 2017 - By Michael Collier

The stock of Veeco Instruments Inc. (NASDAQ:VECO) hit a new 52-week low and has $14.26 target or 3.00% below today’s $14.70 share price. The 6 months bearish chart indicates high risk for the $710.04 million company. The 1-year low was reported on Dec, 6 by Barchart.com. If the $14.26 price target is reached, the company will be worth $21.30M less. The stock decreased 2.65% or $0.4 during the last trading session, reaching $14.7. About 205,591 shares traded. Veeco Instruments Inc. (NASDAQ:VECO) has risen 94.55% since December 6, 2016 and is uptrending. It has outperformed by 77.85% the S&P500.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 7 have Buy rating, 0 Sell and 14 Hold. Therefore 33% are positive. United Technologies Corporation had 67 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $125.0 target in Friday, September 15 report. The rating was maintained by Jefferies with “Buy” on Tuesday, October 3. Deutsche Bank downgraded United Technologies Corporation (NYSE:UTX) rating on Wednesday, July 22. Deutsche Bank has “Hold” rating and $112 target. The stock of United Technologies Corporation (NYSE:UTX) earned “Neutral” rating by Robert W. Baird on Thursday, October 6. On Wednesday, October 21 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by RBC Capital Markets with “Hold” on Friday, August 11. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, April 27 report. The firm earned “Equal Weight” rating on Monday, August 31 by Barclays Capital. RBC Capital Markets maintained it with “Hold” rating and $12500 target in Friday, July 7 report. The company was downgraded on Monday, October 10 by CItigroup. See United Technologies Corporation (NYSE:UTX) latest ratings:

05/12/2017 Broker: Atlantic Securities Old Rating: Neutral New Rating: Overweight Upgrade
10/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $126.0 Maintain
25/10/2017 Broker: Stifel Nicolaus Rating: Hold Old Target: $122 New Target: $124 Maintain
10/10/2017 Broker: Cowen & Co Rating: Hold New Target: $120.0 Maintain
08/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $126.0 Maintain
03/10/2017 Broker: Jefferies Rating: Buy New Target: $138.0 Maintain
15/09/2017 Broker: RBC Capital Markets Rating: Hold New Target: $125.0 Maintain
06/09/2017 Broker: Deutsche Bank Rating: Hold Old Target: $125 New Target: $120 Maintain
06/09/2017 Broker: Cowen & Co Old Rating: Outperform New Rating: Market Perform Downgrade
28/08/2017 Broker: Jefferies Rating: Buy New Target: $139.0 Maintain

The stock increased 0.72% or $0.87 during the last trading session, reaching $121.16. About 599,912 shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since December 6, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

United Technologies Corporation provides technology services and products to building systems and aerospace industries worldwide. The company has market cap of $96.76 billion. The Company’s Otis segment designs, makes, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services. It has a 18.8 P/E ratio. The companyÂ’s UTC Climate, Controls & Security segment provides heating, ventilating, air conditioning, and refrigeration solutions, such as controls for residential, commercial, industrial, and transportation applications.

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.03, from 0.98 in 2017Q1. It worsened, as 39 investors sold United Technologies Corporation shares while 553 reduced holdings. 112 funds opened positions while 451 raised stakes. 611.76 million shares or 0.92% less from 617.43 million shares in 2017Q1 were reported. Community Tru & Inv Co invested 0.1% of its portfolio in United Technologies Corporation (NYSE:UTX). State Of Alaska Department Of Revenue owns 2,304 shares. 17,445 are held by Cambridge Assoc Ltd Liability Ma Adv. State Bank Of Montreal Can has invested 0.1% in United Technologies Corporation (NYSE:UTX). Federated Pa has invested 0.02% in United Technologies Corporation (NYSE:UTX). Dillon And Associates accumulated 49,936 shares. Meyer Handelman Com stated it has 229,202 shares or 1.18% of all its holdings. Calamos Advsrs Limited Liability Corporation holds 434,147 shares. Bath Savings Co owns 2.45% invested in United Technologies Corporation (NYSE:UTX) for 72,437 shares. Hoertkorn Richard Charles invested in 0.11% or 1,365 shares. Woodstock Corp holds 2.07% of its portfolio in United Technologies Corporation (NYSE:UTX) for 86,489 shares. Miller Investment Management Limited Partnership accumulated 16,315 shares. 17,400 were accumulated by Cohen Klingenstein Limited Liability. Mitchell Mcleod Pugh And Williams holds 3,946 shares or 0.37% of its portfolio. Gabelli Funds Llc invested in 29,000 shares or 0.02% of the stock.

Among 13 analysts covering Veeco Instruments (NASDAQ:VECO), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Veeco Instruments has $3900 highest and $14 lowest target. $26.32’s average target is 79.05% above currents $14.7 stock price. Veeco Instruments had 30 analyst reports since August 5, 2015 according to SRatingsIntel. Summit Research upgraded the shares of VECO in report on Monday, April 4 to “Hold” rating. Benchmark maintained it with “Buy” rating and $3300 target in Monday, August 7 report. KeyBanc Capital Markets maintained Veeco Instruments Inc. (NASDAQ:VECO) rating on Friday, August 18. KeyBanc Capital Markets has “Overweight” rating and $31 target. KeyBanc Capital Markets maintained the shares of VECO in report on Thursday, October 6 with “Overweight” rating. The company was maintained on Thursday, October 12 by KeyBanc Capital Markets. The stock of Veeco Instruments Inc. (NASDAQ:VECO) has “Overweight” rating given on Friday, May 13 by Pacific Crest. The firm has “Hold” rating given on Friday, August 4 by Deutsche Bank. J.P. Morgan upgraded Veeco Instruments Inc. (NASDAQ:VECO) rating on Tuesday, June 13. J.P. Morgan has “Buy” rating and $3900 target. Benchmark maintained Veeco Instruments Inc. (NASDAQ:VECO) rating on Friday, November 3. Benchmark has “Buy” rating and $23.0 target. The stock of Veeco Instruments Inc. (NASDAQ:VECO) earned “Buy” rating by Deutsche Bank on Tuesday, August 2.

Veeco Instruments Inc., together with its subsidiaries, designs, develops, makes, markets, and supports thin film process equipment to make light emitting diodes , micro-electromechanical systems (MEMS), power electronics, wireless devices, hard disk drives (HDDs), and semiconductor devices worldwide. The company has market cap of $710.04 million. It offers metal organic chemical vapor deposition systems; precision surface processing systems; ion beam etch and deposition systems; molecular beam epitaxy systems; and other deposition and industrial products, as well as support services. It currently has negative earnings. The firm sells its products to LED, MEMS, outsourced semiconductor assembly and test, HDD, and semiconductor manufacturers, as well as research centers and universities.

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