Veeco Instruments (NASDAQ:VECO) Stock Price Down 9.6% – Here’s What Happened

Veeco Instruments Inc. (NASDAQ:VECO)’s stock price traded down 9.6% during trading on Monday . The company traded as low as $40.90 and last traded at $40.5310. 350,245 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 1,150,321 shares. The stock had previously closed at $44.83.

Wall Street Analysts Forecast Growth

VECO has been the subject of a number of recent research reports. Wall Street Zen upgraded Veeco Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday. Citigroup boosted their price objective on Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 10th. Weiss Ratings lowered Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Zacks Research downgraded Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Barclays boosted their target price on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $49.33.

Veeco Instruments Stock Down 9.8%

The stock has a market cap of $2.47 billion, a PE ratio of 112.37 and a beta of 1.37. The business has a fifty day moving average of $49.95 and a 200-day moving average of $50.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.93 and a quick ratio of 2.69.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The company had revenue of $193.48 million for the quarter, compared to the consensus estimate of $180.08 million. During the same period last year, the business posted $0.20 EPS. Veeco Instruments’s quarterly revenue was up 16.5% on a year-over-year basis. 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. Equities research analysts anticipate that Veeco Instruments Inc. will post 0.95 earnings per share for the current year.

Insider Activity

In other Veeco Instruments news, CFO John Kiernan sold 35,000 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $3,512,342.10. This trade represents a 33.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Miller sold 200,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $54.18, for a total value of $10,836,000.00. Following the sale, the chief executive officer directly owned 169,570 shares in the company, valued at approximately $9,187,302.60. This trade represents a 54.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Tema ETFs LLC purchased a new position in Veeco Instruments during the 2nd quarter worth $33,000. Allworth Financial LP purchased a new stake in Veeco Instruments during the second quarter worth about $39,000. Nykredit A S purchased a new stake in shares of Veeco Instruments in the 2nd quarter worth about $49,000. Smartleaf Asset Management LLC lifted its position in shares of Veeco Instruments by 75.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 1,019 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Veeco Instruments during the second quarter valued at approximately $69,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

About Veeco Instruments

Veeco Instruments Inc develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic components. Its systems support processes such as thin-film deposition, etching, lithography-related applications, and thermal processing, helping manufacturers create and refine microscopic structures on wafers and other materials.

The company’s product portfolio includes metal-organic chemical vapor deposition systems for compound semiconductors, ion beam etch and deposition equipment, laser annealing systems, and other wafer-processing technologies.