Veeco Instruments (NASDAQ:VECO) Releases Earnings Results, Misses Estimates By $0.06 EPS

Veeco Instruments (NASDAQ:VECO) released its quarterly earnings data on Tuesday. The semiconductor company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06), FiscalAI reports. Veeco Instruments had a net margin of 5.33% and a return on equity of 5.04%. The firm had revenue of $158.34 million during the quarter, compared to the consensus estimate of $160.07 million. Veeco Instruments updated its Q2 2026 guidance to 0.200-0.320 EPS and its FY 2026 guidance to 1.500-1.850 EPS.

Veeco Instruments Price Performance

Veeco Instruments stock traded down $1.39 during mid-day trading on Tuesday, hitting $49.54. 2,991,518 shares of the company traded hands, compared to its average volume of 1,058,593. Veeco Instruments has a one year low of $18.31 and a one year high of $53.43. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 83.97 and a beta of 1.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.20 and a current ratio of 4.75. The stock has a fifty day moving average price of $36.63 and a 200-day moving average price of $32.65.

Insider Transactions at Veeco Instruments

In other Veeco Instruments news, CEO William John Miller sold 50,000 shares of Veeco Instruments stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $31.62, for a total transaction of $1,581,000.00. Following the completion of the sale, the chief executive officer directly owned 414,543 shares in the company, valued at $13,107,849.66. The trade was a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Veeco Instruments

Hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its holdings in shares of Veeco Instruments by 75.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 1,019 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Veeco Instruments in the 3rd quarter worth approximately $91,000. Quadrant Capital Group LLC bought a new stake in shares of Veeco Instruments in the 3rd quarter worth approximately $146,000. Tower Research Capital LLC TRC lifted its holdings in shares of Veeco Instruments by 152.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,160 shares of the semiconductor company’s stock worth $125,000 after acquiring an additional 3,719 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Veeco Instruments by 9.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 580 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on VECO. Zacks Research lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a research report on Thursday, February 26th. Citigroup lifted their target price on shares of Veeco Instruments from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Veeco Instruments in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Veeco Instruments has an average rating of “Hold” and an average target price of $28.17.

Veeco Instruments Company Profile

Veeco Instruments Inc (NASDAQ: VECO) is a leading supplier of process equipment for the semiconductor, data storage, wireless communications, power electronics and advanced packaging industries. The company designs, manufactures and services precision tools used to grow, deposit and etch thin films on substrates, enabling the fabrication of chips, light-emitting diodes (LEDs), micro-electromechanical systems (MEMS) and high-density storage devices. Veeco’s platforms are deployed across fabrication facilities worldwide, where they support key processes in materials science and device manufacturing.

Veeco’s product portfolio spans molecular beam epitaxy (MBE), metal organic chemical vapor deposition (MOCVD), atomic layer deposition (ALD), ion beam etch and deposition, and high-precision wet and dry etch systems.