Veeco Instruments Inc. (NASDAQ:VECO) Stock Has Consensus Price Target of $52.00 According to Analysts

Veeco Instruments Inc. (NASDAQ:VECO) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $52.00.

VECO has been the subject of several recent research reports. Oppenheimer reiterated an “outperform” rating and issued a $24.00 price target on shares of Veeco Instruments in a research report on Wednesday, October 14th. Zacks Research lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Northland Securities raised Veeco Instruments from a “market perform” rating to an “outperform” rating and set a $66.00 price objective for the company in a research note on Monday, September 21st. Weiss Ratings lowered Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Finally, Citigroup raised their target price on shares of Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, August 10th.

Insider Activity at Veeco Instruments

In other news, CEO William Miller sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $54.18, for a total value of $10,836,000.00. Following the completion of the sale, the chief executive officer directly owned 169,570 shares in the company, valued at approximately $9,187,302.60. The trade was a 54.12% decrease in their position. The sale was disclosed in a legal 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, CFO John Kiernan sold 35,000 shares of Veeco Instruments stock in a transaction on Monday, August 10th. The stock was sold at an average price of $51.05, for a total transaction of $1,786,750.00. Following the completion of the transaction, the chief financial officer owned 68,802 shares in the company, valued at approximately $3,512,342.10. The trade was a 33.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VECO. Sterling Capital Management LLC raised its holdings in shares of Veeco Instruments by 862.1% during the third quarter. Sterling Capital Management LLC now owns 2,030 shares of the semiconductor company’s stock valued at $105,000 after acquiring an additional 1,819 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Veeco Instruments by 31.7% in the 3rd quarter. Inspire Investing LLC now owns 12,285 shares of the semiconductor company’s stock valued at $638,000 after purchasing an additional 2,956 shares during the period. Crossmark Global Holdings Inc. grew its stake in Veeco Instruments by 74.1% in the third quarter. Crossmark Global Holdings Inc. now owns 6,852 shares of the semiconductor company’s stock worth $356,000 after purchasing an additional 2,916 shares during the period. AMI Asset Management Corp bought a new stake in shares of Veeco Instruments during the 3rd quarter valued at $627,000. Finally, Assenagon Asset Management S.A. grew its holdings in Veeco Instruments by 35.6% in the third quarter. Assenagon Asset Management S.A. now owns 77,181 shares of the semiconductor company’s stock worth $4,006,000 after purchasing an additional 20,243 shares during the period. Institutional investors own 98.46% of the company’s stock.

Veeco Instruments Price Performance

VECO opened at $41.15 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.93 and a quick ratio of 2.69. The firm’s fifty day moving average price is $46.98 and its two-hundred day moving average price is $53.26. Veeco Instruments has a 1 year low of $26.00 and a 1 year high of $86.63. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 114.31 and a beta of 1.36.

Veeco Instruments (NASDAQ:VECO) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $193.48 million for the quarter, compared to analysts’ expectations of $180.08 million. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 EPS. 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, analysts anticipate that Veeco Instruments will post 0.95 earnings per share for the current fiscal year.

About Veeco Instruments

Veeco Instruments Inc (NASDAQ: VECO) develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic devices. Its systems help customers deposit, etch, pattern, anneal and otherwise process thin films and materials at the wafer level.

The company’s product portfolio includes metal-organic chemical vapor deposition systems, molecular beam epitaxy equipment, ion beam etch and deposition systems, laser annealing systems, and related process-control and automation technologies.