Analysts Set Veeco Instruments Inc. (NASDAQ:VECO) Price Target at $28.57

Shares of Veeco Instruments Inc. (NASDAQ:VECO) have been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $28.5714.

VECO has been the subject of several recent analyst reports. Northland Capmk cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Citigroup raised their price objective on Veeco Instruments from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Needham & Company LLC downgraded Veeco Instruments from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Northland Securities cut Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price target for the company. in a report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Veeco Instruments in a research report on Wednesday, October 8th.

Insider Buying and Selling at Veeco Instruments

In other Veeco Instruments news, CEO William John Miller sold 25,000 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $32.00, for a total transaction of $800,000.00. Following the sale, the chief executive officer directly owned 464,543 shares of the company’s stock, valued at $14,865,376. The trade was a 5.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Veeco Instruments

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Veeco Instruments by 0.8% in the third 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 increased its holdings in Veeco Instruments by 4.9% during the second quarter. Wasatch Advisors LP now owns 3,396,804 shares of the semiconductor company’s stock worth $69,023,000 after buying an additional 157,978 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings 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 worth $65,329,000 after acquiring an additional 284,716 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Veeco Instruments by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,481,803 shares of the semiconductor company’s stock valued at $75,521,000 after purchasing an additional 26,248 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY grew its stake in Veeco Instruments by 1.3% during the second quarter. Paradigm Capital Management Inc. NY now owns 2,410,000 shares of the semiconductor company’s stock valued at $48,971,000 after acquiring an additional 30,000 shares in the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

Veeco Instruments Stock Down 3.3%

NASDAQ:VECO opened at $32.97 on Friday. The company’s 50-day simple moving average is $30.37 and its 200-day simple moving average is $27.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.62 and a current ratio of 5.36. Veeco Instruments has a fifty-two week low of $16.92 and a fifty-two week high of $35.77. The stock has a market capitalization of $1.99 billion, a P/E ratio of 39.72 and a beta of 1.17.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The company had revenue of $165.88 million during the quarter, compared to the consensus estimate of $160.49 million. Veeco Instruments had a return on equity of 6.35% and a net margin of 7.23%.Veeco Instruments’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. Veeco Instruments has set its Q4 2025 guidance at 0.160-0.320 EPS. On average, equities analysts anticipate that Veeco Instruments will post 0.76 earnings per share for the current fiscal year.

About Veeco Instruments

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.