Veeco Instruments Inc. $VECO Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC cut its position in Veeco Instruments Inc. (NASDAQ:VECO) by 23.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 223,278 shares of the semiconductor company’s stock after selling 68,969 shares during the quarter. Granahan Investment Management LLC’s holdings in Veeco Instruments were worth $6,381,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VECO. Magnetar Financial LLC acquired a new stake in shares of Veeco Instruments in the 4th quarter valued at about $48,342,000. American Century Companies Inc. boosted its position in shares of Veeco Instruments by 920.1% in the 3rd quarter. American Century Companies Inc. now owns 676,502 shares of the semiconductor company’s stock valued at $20,586,000 after purchasing an additional 610,187 shares during the period. Fisher Asset Management LLC boosted its position in shares of Veeco Instruments by 37.4% in the 4th quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock valued at $52,026,000 after purchasing an additional 495,767 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Veeco Instruments by 182.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 582,627 shares of the semiconductor company’s stock valued at $16,651,000 after purchasing an additional 376,553 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Veeco Instruments by 152.3% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 573,764 shares of the semiconductor company’s stock valued at $17,460,000 after purchasing an additional 346,340 shares during the period. 98.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VECO shares. Citigroup increased their price objective on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Barclays increased their price objective on Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Zacks Research raised Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Wall Street Zen raised Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Veeco Instruments in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Veeco Instruments presently has a consensus rating of “Hold” and a consensus price target of $40.60.

Insider Activity

In related news, SVP Adrian Devasahayam sold 10,000 shares of Veeco Instruments stock in a transaction 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 completion of the transaction, the senior vice president directly owned 85,115 shares of the company’s stock, valued at approximately $5,532,475. The trade was a 10.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Susan Wilkerson sold 35,723 shares of Veeco Instruments stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $61.69, for a total value of $2,203,751.87. Following the transaction, the senior vice president directly owned 42,974 shares of the company’s stock, valued at approximately $2,651,066.06. This represents a 45.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 339,055 shares of company stock valued at $20,705,270 in the last 90 days. Insiders own 2.70% of the company’s stock.

Veeco Instruments Stock Down 9.4%

VECO opened at $75.20 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86. The business has a 50 day simple moving average of $55.08 and a 200-day simple moving average of $39.79. The stock has a market capitalization of $4.59 billion, a P/E ratio of 197.90 and a beta of 1.39. Veeco Instruments Inc. has a 12 month low of $19.29 and a 12 month high of $86.63.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (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 analyst estimates of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share. 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, equities analysts anticipate that Veeco Instruments Inc. will post 1.1 earnings per share for the current fiscal year.

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.