Veeco Instruments (NASDAQ:VECO) Shares Down 7.4% – What’s Next?

Veeco Instruments Inc. (NASDAQ:VECO) shares traded down 7.4% during mid-day trading on Friday . The stock traded as low as $69.30 and last traded at $69.8650. 402,846 shares changed hands during trading, a decline of 68% from the average session volume of 1,242,727 shares. The stock had previously closed at $75.45.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VECO shares. Wall Street Zen raised shares of Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings cut shares of Veeco Instruments from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 15th. Zacks Research upgraded shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Citigroup raised their target price on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $40.60.

Veeco Instruments Trading Down 7.8%

The stock has a market cap of $4.25 billion, a PE ratio of 183.28 and a beta of 1.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.86 and a current ratio of 4.23. The company’s 50-day moving average price is $60.39 and its 200 day moving average price is $42.06.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data 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 business had revenue of $158.34 million during 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%.The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the company 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, sell-side analysts forecast that Veeco Instruments Inc. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling at Veeco Instruments

In related news, Director Richard A. Damore sold 43,701 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $60.71, for a total value of $2,653,087.71. Following the sale, the director directly owned 112,594 shares in the company, valued at approximately $6,835,581.74. The trade was a 27.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Adrian Devasahayam sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were 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 in the company, valued at $5,532,475. The trade was a 10.51% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 339,055 shares of company stock worth $20,705,270. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Veeco Instruments

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. 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. Rockefeller Capital Management L.P. increased its holdings in Veeco Instruments by 125.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 1,370 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Veeco Instruments during the fourth quarter worth $77,000. PVG Asset Management Corp purchased a new position in shares of Veeco Instruments during the first quarter worth $84,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of Veeco Instruments during the third quarter worth $91,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

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.