Veeco Instruments (NASDAQ:VECO) Stock Price Down 6.8% – Time to Sell?

Shares of Veeco Instruments Inc. (NASDAQ:VECO) traded down 6.8% during mid-day trading on Tuesday . The company traded as low as $76.02 and last traded at $77.3780. 967,479 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 1,233,822 shares. The stock had previously closed at $83.04.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VECO. Citigroup lifted their price objective on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings lowered Veeco Instruments from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. Wall Street Zen upgraded Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th. Zacks Research upgraded Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a research report on Thursday, February 26th. One investment 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $40.60.

Veeco Instruments Stock Performance

The company has a market capitalization of $4.90 billion, a P/E ratio of 211.46 and a beta of 1.39. The company’s 50 day moving average is $55.90 and its 200-day moving average is $40.12. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26.

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

Insider Transactions at Veeco Instruments

In other news, Director Gordon Hunter sold 16,974 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $68.80, for a total value of $1,167,811.20. Following the sale, the director directly owned 11,236 shares of the company’s stock, valued at $773,036.80. The trade was a 60.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Adrian Devasahayam sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $65.00, for a total value of $650,000.00. Following the completion of the sale, the senior vice president owned 85,115 shares in the company, valued at $5,532,475. The trade was a 10.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 339,055 shares of company stock worth $20,705,270. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Veeco Instruments

Several hedge funds have recently added to or reduced their stakes in VECO. Smartleaf Asset Management LLC increased its holdings in shares of Veeco Instruments by 75.6% during 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. Rockefeller Capital Management L.P. boosted its stake in Veeco Instruments by 125.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 1,370 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Veeco Instruments in the 4th quarter worth about $77,000. PVG Asset Management Corp purchased a new stake in Veeco Instruments during the 1st quarter valued at about $84,000. Finally, Johnson Financial Group Inc. purchased a new stake in Veeco Instruments during the 3rd quarter valued at about $91,000. 98.46% of the stock is owned by institutional investors.

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.