Veeco Instruments Inc. (NASDAQ:VECO) Receives $40.60 Average Target Price from Analysts

Veeco Instruments Inc. (NASDAQ:VECO) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $48.3333.

Several brokerages have weighed in on VECO. Barclays increased 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. Citigroup boosted their target price on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wall Street Zen raised Veeco Instruments from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded Veeco Instruments from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday. Finally, Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th.

Veeco Instruments Stock Performance

Shares of VECO stock opened at $52.78 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.86 and a current ratio of 3.93. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 146.61 and a beta of 1.38. Veeco Instruments has a 52 week low of $22.32 and a 52 week high of $86.63. The firm’s 50-day simple moving average is $61.13 and its two-hundred day simple moving average is $47.28.

Veeco Instruments (NASDAQ:VECO) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The firm had revenue of $193.48 million during the quarter, compared to the consensus estimate of $180.08 million. During the same period in the prior year, the firm earned $0.20 EPS. The company’s revenue was up 16.5% compared to the same quarter last year. Veeco Instruments has set its FY 2026 guidance at 1.360-1.610 EPS and its Q3 2026 guidance at 0.350-0.490 EPS. As a group, equities analysts forecast that Veeco Instruments will post 1.1 earnings per share for the current year.

Insider Activity

In related news, CEO William John Miller sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $58.62, for a total transaction of $2,931,000.00. Following the sale, the chief executive officer directly owned 369,570 shares in the company, valued at approximately $21,664,193.40. This represents a 11.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Richard A. Damore sold 43,701 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $60.71, for a total transaction of $2,653,087.71. Following the completion of the transaction, the director directly owned 112,594 shares of the company’s stock, valued at approximately $6,835,581.74. This trade represents a 27.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 231,309 shares of company stock valued at $14,295,115. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Veeco Instruments

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System bought a new stake in shares of Veeco Instruments during the 1st quarter valued at $904,000. Fisher Asset Management LLC boosted its stake in Veeco Instruments by 37.4% in the 4th quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock worth $52,026,000 after purchasing an additional 495,767 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new position in Veeco Instruments during the 4th quarter valued at about $1,572,000. New York Life Investment Management LLC purchased a new position in Veeco Instruments during the 4th quarter valued at about $1,808,000. Finally, UBS Group AG increased its position in shares of Veeco Instruments by 11.0% during the fourth quarter. UBS Group AG now owns 292,360 shares of the semiconductor company’s stock valued at $8,356,000 after buying an additional 28,967 shares during the period. 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.