Veeco Instruments (NASDAQ:VECO) SVP Sells $650,000.00 in Stock

Veeco Instruments Inc. (NASDAQ:VECO) SVP Adrian Devasahayam sold 10,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $5,532,475. The trade was a 10.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Adrian Devasahayam also recently made the following trade(s):

• On Tuesday, May 26th, Adrian Devasahayam sold 5,407 shares of Veeco Instruments stock. The shares were sold at an average price of $61.84, for a total transaction of $334,368.88.

Veeco Instruments Price Performance

Shares of NASDAQ:VECO opened at $77.48 on Friday. Veeco Instruments Inc. has a twelve month low of $19.29 and a twelve month high of $78.60. The company’s 50 day moving average is $53.29 and its 200 day moving average is $39.01. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. The company has a market cap of $4.73 billion, a PE ratio of 203.90 and a beta of 1.39.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings results 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). Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The business had revenue of $158.34 million during the quarter, compared to analyst estimates of $160.07 million. During the same quarter last year, the company posted $0.37 EPS. Veeco Instruments’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. On average, sell-side analysts forecast that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Veeco Instruments to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings cut Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Barclays boosted their price objective on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Zacks Research raised Veeco Instruments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat, Veeco Instruments has a consensus rating of “Hold” and an average target price of $40.60.

Institutional Investors Weigh In On Veeco Instruments

A number of hedge funds and other institutional investors have recently made changes to their positions in VECO. Royal Bank of Canada grew its stake in shares of Veeco Instruments by 29.6% during the 1st quarter. Royal Bank of Canada now owns 134,088 shares of the semiconductor company’s stock worth $2,692,000 after purchasing an additional 30,646 shares during the period. AQR Capital Management LLC grew its stake in shares of Veeco Instruments by 51.5% during the 1st quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company’s stock worth $598,000 after purchasing an additional 10,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Veeco Instruments by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company’s stock worth $664,000 after purchasing an additional 1,434 shares during the period. Millennium Management LLC grew its stake in shares of Veeco Instruments by 148.0% during the 1st 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 acquired a new stake in shares of Veeco Instruments during the 1st quarter worth approximately $618,000. Institutional investors and hedge funds 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.