Veeco (VECO) shares have remained quite volatile since my last update; volatility in smaller, under-covered semiconductor equipment names isn’t that unusual, and the coronavirus outbreak adds yet another factor to the mix. On the other hand, Veeco’s fourth quarter results were pretty good and the business seems to be on track to return to profitability later this year. Add in some interesting longer-term opportunities like tools for EUV mask blanks, VCSEL production, and GaN deposition, and I can see reasons for considering these shares.
Not unlike many other equipment providers, these shares