Veeco Instruments (NASDAQ:VECO) Hits New 1-Year High – Time to Buy?

Veeco Instruments Inc. (NASDAQ:VECO)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $71.77 and last traded at $72.8760, with a volume of 660589 shares traded. The stock had previously closed at $61.04.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VECO shares. Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a research report on Thursday, February 26th. Zacks Research upgraded Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Wall Street Zen upgraded Veeco Instruments to a “hold” rating in a research report on Saturday. Citigroup raised their target price on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Barclays raised their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.60.

Veeco Instruments Price Performance

The stock has a fifty day moving average of $50.38 and a 200-day moving average of $37.87. The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $4.06 billion, a P/E ratio of 175.91 and a beta of 1.39.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The business had revenue of $158.34 million during the quarter, compared to the consensus estimate of $160.07 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. 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. Equities analysts predict that Veeco Instruments Inc. will post 1.1 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Susan Wilkerson sold 35,723 shares of Veeco Instruments stock in a transaction dated 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 completion of the transaction, the senior vice president directly owned 42,974 shares of the company’s stock, valued at $2,651,066.06. The trade was a 45.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Adrian Devasahayam sold 5,407 shares of Veeco Instruments stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $61.84, for a total value of $334,368.88. Following the completion of the transaction, the senior vice president directly owned 95,115 shares of the company’s stock, valued at $5,881,911.60. This represents a 5.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 296,575 shares of company stock valued at $17,808,862 over the last three months. Company 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 VECO. Royal Bank of Canada raised its position in shares of 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 raised its position in shares of Veeco Instruments by 51.5% during the first quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company’s stock worth $598,000 after acquiring an additional 10,122 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Veeco Instruments by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company’s stock worth $664,000 after acquiring an additional 1,434 shares during the last quarter. Millennium Management LLC raised its position 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 acquiring an additional 283,099 shares during the last quarter. Finally, Woodline Partners LP bought a new stake in shares of Veeco Instruments during the first quarter worth $618,000. Institutional investors own 98.46% of the company’s stock.

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.