Veeco Instruments (NASDAQ:VECO) Trading Up 8.1% – Still a Buy?

Veeco Instruments Inc. (NASDAQ:VECO) shares rose 8.1% on Friday . The company traded as high as $77.90 and last traded at $77.35. Approximately 1,001,285 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 1,208,994 shares. The stock had previously closed at $71.55.

Analysts Set New Price Targets

VECO has been the topic of a number of analyst reports. Weiss Ratings lowered Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Citigroup lifted their price objective on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Barclays lifted their price objective on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Wall Street Zen raised Veeco Instruments to a “hold” rating in a report on Saturday, June 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Veeco Instruments currently has an average rating of “Hold” and a consensus price target of $40.60.

Veeco Instruments Price Performance

The company has a 50 day moving average price of $53.29 and a 200 day moving average price of $39.01. The firm has a market cap of $4.73 billion, a PE ratio of 203.90 and a beta of 1.39. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS 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 analysts’ expectations of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.Veeco Instruments’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the firm 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. On average, sell-side analysts expect that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Insider Buying and Selling at Veeco Instruments

In other news, SVP Adrian Devasahayam sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $65.00, for a total transaction of $650,000.00. Following the sale, the senior vice president owned 85,115 shares of the company’s stock, valued at $5,532,475. The trade was a 10.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gordon Hunter sold 16,974 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $68.80, for a total value of $1,167,811.20. Following the sale, the director directly owned 11,236 shares in the company, valued at $773,036.80. This trade represents a 60.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 339,055 shares of company stock worth $20,705,270. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Veeco Instruments

Several institutional investors have recently modified their holdings of VECO. Vanguard Group Inc. lifted its stake in Veeco Instruments by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,663,310 shares of the semiconductor company’s stock valued at $233,195,000 after buying an additional 62,016 shares in the last quarter. Wasatch Advisors LP lifted its stake in Veeco Instruments by 4.9% in the 2nd quarter. Wasatch Advisors LP now owns 3,396,804 shares of the semiconductor company’s stock valued at $69,023,000 after buying an additional 157,978 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Veeco Instruments by 9.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,215,031 shares of the semiconductor company’s stock valued at $65,329,000 after buying an additional 284,716 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Veeco Instruments by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,481,803 shares of the semiconductor company’s stock valued at $75,521,000 after buying an additional 26,248 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY lifted its stake in Veeco Instruments by 1.3% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,410,000 shares of the semiconductor company’s stock valued at $48,971,000 after buying an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

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.