Granahan Investment Management LLC Sells 30,547 Shares of Veeco Instruments Inc. $VECO

Granahan Investment Management LLC reduced its position in shares of Veeco Instruments Inc. (NASDAQ:VECO) by 13.7% in the first quarter, HoldingsChannel.com reports. The firm owned 192,731 shares of the semiconductor company’s stock after selling 30,547 shares during the period. Granahan Investment Management LLC’s holdings in Veeco Instruments were worth $6,526,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its stake in shares of Veeco Instruments by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 32,882 shares of the semiconductor company’s stock valued at $939,000 after purchasing an additional 361 shares in the last quarter. Vise Technologies Inc. grew its position in shares of Veeco Instruments by 5.3% in the 4th quarter. Vise Technologies Inc. now owns 7,503 shares of the semiconductor company’s stock worth $214,000 after buying an additional 377 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Veeco Instruments by 4.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,986 shares of the semiconductor company’s stock valued at $314,000 after acquiring an additional 462 shares during the period. Russell Investments Group Ltd. lifted its position in Veeco Instruments by 9.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 580 shares during the period. Finally, Amundi boosted its stake in Veeco Instruments by 6.6% during the third quarter. Amundi now owns 10,616 shares of the semiconductor company’s stock worth $328,000 after acquiring an additional 657 shares in the last quarter. Institutional investors own 98.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VECO. Barclays upped their price objective on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Zacks Research downgraded Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Citigroup upped their price target on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings raised shares of Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.60.

Insider Buying and Selling

In other Veeco Instruments news, Director Richard A. Damore sold 43,701 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $60.71, for a total transaction of $2,653,087.71. Following the transaction, the director owned 112,594 shares in the company, valued at approximately $6,835,581.74. This represents a 27.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Susan Wilkerson sold 15,506 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $69.56, for a total transaction of $1,078,597.36. Following the sale, the senior vice president directly owned 27,468 shares in the company, valued at approximately $1,910,674.08. The trade was a 36.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 339,055 shares of company stock worth $20,705,270 in the last three months. 2.70% of the stock is currently owned by company insiders.

Veeco Instruments Stock Performance

Shares of VECO opened at $51.66 on Friday. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 135.95 and a beta of 1.34. The business’s fifty day simple moving average is $62.84 and its two-hundred day simple moving average is $46.11. Veeco Instruments Inc. has a 12 month low of $19.29 and a 12 month high of $86.63. 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 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). The business had revenue of $158.34 million during the quarter, compared to analysts’ expectations of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior 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. Research analysts anticipate that Veeco Instruments Inc. will post 1.1 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.