Veeco Instruments (NASDAQ:VECO) CEO Sells $5,955,000.00 in Stock

Veeco Instruments Inc. (NASDAQ:VECO) CEO William John Miller sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $59.55, for a total transaction of $5,955,000.00. Following the transaction, the chief executive officer directly owned 419,570 shares of the company’s stock, valued at $24,985,393.50. This represents a 19.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

William John Miller also recently made the following trade(s):

• On Tuesday, March 3rd, William John Miller sold 50,000 shares of Veeco Instruments stock. The shares were sold at an average price of $31.62, for a total transaction of $1,581,000.00.

Veeco Instruments Price Performance

Shares of VECO opened at $60.26 on Thursday. The company has a market capitalization of $3.68 billion, a P/E ratio of 158.58 and a beta of 1.36. The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $40.66 and a 200 day moving average of $34.10. Veeco Instruments Inc. has a twelve month low of $18.85 and a twelve month high of $65.43.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $158.34 million for the quarter, compared to the consensus estimate of $160.07 million. Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. Veeco Instruments’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the business earned $0.37 EPS. Veeco Instruments has set its Q2 2026 guidance at 0.200-0.320 EPS and its FY 2026 guidance at 1.500-1.850 EPS. As a group, equities research analysts anticipate that Veeco Instruments Inc. will post 1.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VECO has been the subject of several analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Veeco Instruments in a research report on Thursday, February 26th. Citigroup raised their price target on shares of Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Zacks Research downgraded shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings downgraded shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $37.00.

Institutional Investors Weigh In On Veeco Instruments

Several institutional investors and hedge funds have recently added to or reduced their stakes in VECO. PNC Financial Services Group Inc. boosted its stake in shares of Veeco Instruments by 7.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 350 shares during the last quarter. CWM LLC boosted its stake in shares of Veeco Instruments by 7.6% during the 3rd quarter. CWM LLC now owns 4,985 shares of the semiconductor company’s stock worth $152,000 after acquiring an additional 353 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Veeco Instruments by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 32,882 shares of the semiconductor company’s stock worth $939,000 after acquiring an additional 361 shares during the last quarter. Vise Technologies Inc. boosted its stake in shares of Veeco Instruments by 5.3% during the 4th quarter. Vise Technologies Inc. now owns 7,503 shares of the semiconductor company’s stock worth $214,000 after acquiring an additional 377 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Veeco Instruments by 4.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,986 shares of the semiconductor company’s stock worth $314,000 after acquiring an additional 462 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

About Veeco Instruments

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.