Insider Selling: Veeco Instruments (NASDAQ:VECO) Director Sells 29,532 Shares of Stock

Veeco Instruments Inc. (NASDAQ:VECO) Director Gordon Hunter sold 29,532 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $59.41, for a total transaction of $1,754,496.12. Following the completion of the transaction, the director owned 52,676 shares in the company, valued at approximately $3,129,481.16. This trade represents a 35.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Gordon Hunter also recently made the following trade(s):

• On Friday, May 8th, Gordon Hunter sold 7,746 shares of Veeco Instruments stock. The stock was sold at an average price of $58.76, for a total transaction of $455,154.96.

Veeco Instruments Price Performance

Shares of NASDAQ VECO traded down $1.20 during mid-day trading on Wednesday, hitting $60.26. 1,425,681 shares of the stock were exchanged, compared to its average volume of 1,176,110. The company has a market cap of $3.68 billion, a P/E ratio of 158.58 and a beta of 1.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.86 and a current ratio of 4.23. Veeco Instruments Inc. has a twelve month low of $18.85 and a twelve month high of $65.43. The stock’s fifty day simple moving average is $40.11 and its two-hundred day simple moving average is $33.89.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $160.07 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue was down 5.4% on a year-over-year basis. 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. As a group, analysts forecast that Veeco Instruments Inc. will post 1.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Zacks Research downgraded shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup raised their price objective on shares of 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 shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $37.00.

Hedge Funds Weigh In On Veeco Instruments

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP grew its holdings in Veeco Instruments by 5.8% during the 1st quarter. First Trust Advisors LP now owns 54,040 shares of the semiconductor company’s stock worth $1,830,000 after acquiring an additional 2,959 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Veeco Instruments by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,374,292 shares of the semiconductor company’s stock valued at $80,391,000 after purchasing an additional 68,780 shares during the period. Principal Financial Group Inc. boosted its position in shares of Veeco Instruments by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 293,043 shares of the semiconductor company’s stock worth $9,922,000 after purchasing an additional 6,338 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Veeco Instruments by 1,548.5% in the 1st quarter. Fifth Third Bancorp now owns 15,084 shares of the semiconductor company’s stock worth $511,000 after purchasing an additional 14,169 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Veeco Instruments during the first quarter worth $1,141,000. 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.