Veeco Instruments Inc. (NASDAQ:VECO) Receives Average Rating of “Hold” from Analysts

Shares of Veeco Instruments Inc. (NASDAQ:VECO) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $49.3333.

A number of equities analysts have weighed in on VECO shares. Barclays upped their price target 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. Wall Street Zen upgraded shares of Veeco Instruments from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings cut shares of Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Citigroup increased their price objective on shares of Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Zacks Research downgraded Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th.

Insider Transactions at Veeco Instruments

In other news, CFO John Kiernan sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $51.05, for a total transaction of $1,786,750.00. Following the sale, the chief financial officer owned 68,802 shares in the company, valued at $3,512,342.10. This represents a 33.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gordon Hunter sold 16,974 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $68.80, for a total transaction of $1,167,811.20. Following the transaction, the director owned 11,236 shares in the company, valued at approximately $773,036.80. The trade was a 60.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 277,480 shares of company stock valued at $15,519,159. 2.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VECO. Royal Bank of Canada lifted its position in Veeco Instruments by 29.6% during the first quarter. Royal Bank of Canada now owns 134,088 shares of the semiconductor company’s stock worth $2,692,000 after acquiring an additional 30,646 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Veeco Instruments by 51.5% in the first quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 10,122 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Veeco Instruments by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company’s stock valued at $664,000 after purchasing an additional 1,434 shares during the last quarter. Millennium Management LLC increased its stake in shares of Veeco Instruments by 148.0% during the first quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company’s stock worth $9,526,000 after purchasing an additional 283,099 shares during the period. Finally, Woodline Partners LP bought a new position in shares of Veeco Instruments during the first quarter worth approximately $618,000. 98.46% of the stock is owned by institutional investors.

Veeco Instruments Stock Up 5.0%

Veeco Instruments stock opened at $44.67 on Monday. The stock has a market capitalization of $2.73 billion, a PE ratio of 124.08 and a beta of 1.37. Veeco Instruments has a twelve month low of $24.00 and a twelve month high of $86.63. The company has a quick ratio of 2.69, a current ratio of 3.93 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $52.09 and a 200-day moving average of $49.53.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The business had revenue of $193.48 million for the quarter, compared to analysts’ expectations of $180.08 million. During the same period in the previous year, the firm posted $0.20 EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. Veeco Instruments has set its FY 2026 guidance at 1.360-1.610 EPS and its Q3 2026 guidance at 0.350-0.490 EPS. On average, equities research analysts anticipate that Veeco Instruments will post 0.95 EPS 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.