Veeco Instruments Inc (VECO): Today's Featured Electronics Winner

Veeco Instruments (VECO) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 2.2%. By the end of trading, Veeco Instruments rose 18 cents (0.5%) to $34.49 on average volume. Throughout the day, 1.2 million shares of Veeco Instruments exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in a price between $34.30-$35.70 after having opened the day at $34.46 as compared to the previous trading day's close of $34.31. Other companies within the Electronics industry that increased today were: Enova Systems (ENA), up 18.7%, Superconductor Technologies (SCON), up 10.9%, SunPower Corporation (SPWR), up 10%, and First Solar (FSLR), up 6.7%.

Veeco Instruments Inc., together with its subsidiaries, designs, manufactures, and markets various equipments to make light emitting diodes (LEDs) and hard-disk drives worldwide. Veeco Instruments has a market cap of $1.4 billion and is part of the technology sector. The company has a P/E ratio of 9.8, below the average electronics industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 73.6% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate Veeco Instruments a buy, three analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates Veeco Instruments as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

• You can view the full Veeco Instruments Ratings Report.

On the negative front, MEMC Electronic Materials (WFR), down 22.1%, GT Advanced Technologies (GTAT), down 15.6%, JA Solar Holdings Co. ADR (JASO), down 15.3%, and Yingli Green Energy Holding Company (YGE), down 13%, were all losers within the electronics industry with Broadcom Corporation (BRCM) being today's electronics industry loser.

• Use our electronics section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology (IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor (SSG).

• Find other investment ideas from our top rated ETFs lists.

For more information on Veeco Instruments Inc click any of the following:

• Veeco Instruments Inc Stock Price

• Veeco Instruments Inc Analyst Ratings

• Veeco Instruments Inc Key Stats & Profile

• Veeco Instruments Inc Earnings

• Veeco Instruments Inc Ratio Comparison

• Veeco Instruments Inc Growth Rates

• Veeco Instruments Inc Balance Sheet

• Veeco Instruments Inc Cash Flow

• Veeco Instruments Inc Income Statement