UBS Group AG grew its stake in Veeco Instruments Inc. (NASDAQ:VECO – Free Report) by 11.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 292,360 shares of the semiconductor company’s stock after buying an additional 28,967 shares during the period. UBS Group AG’s holdings in Veeco Instruments were worth $8,356,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in shares of Veeco Instruments by 7.4% in the third quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the semiconductor company’s stock worth $156,000 after buying an additional 350 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Veeco Instruments by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 32,882 shares of the semiconductor company’s stock worth $939,000 after buying an additional 361 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Veeco Instruments by 9.9% in the second quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company’s stock worth $130,000 after buying an additional 580 shares during the last quarter. Amalgamated Bank lifted its position in shares of Veeco Instruments by 3.5% in the third quarter. Amalgamated Bank now owns 17,515 shares of the semiconductor company’s stock worth $533,000 after buying an additional 589 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Veeco Instruments by 26.8% in the third quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the semiconductor company’s stock worth $91,000 after buying an additional 633 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.
Insider Transactions at Veeco Instruments
In other news, Director Gordon Hunter sold 29,532 shares of Veeco Instruments stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $59.41, for a total value of $1,754,496.12. Following the transaction, the director directly owned 52,676 shares in the company, valued at approximately $3,129,481.16. The trade was a 35.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William John Miller sold 100,000 shares of Veeco Instruments stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $59.55, for a total value of $5,955,000.00. Following the completion of the transaction, the chief executive officer owned 419,570 shares in the company, valued at $24,985,393.50. The trade was a 19.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 187,278 shares of company stock worth $9,745,651 over the last quarter. 2.70% of the stock is currently owned by corporate insiders.
Veeco Instruments Stock Performance
Veeco Instruments (NASDAQ:VECO – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The business had revenue of $158.34 million during 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 for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. 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 research analysts forecast that Veeco Instruments Inc. will post 1.1 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages have weighed in on VECO. Citigroup boosted their price target on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings lowered Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.00.
Check Out Our Latest Stock Report on VECO
More Veeco Instruments News
Here are the key news stories impacting Veeco Instruments this week:
- Positive Sentiment: Northland Securities raised its FY2026 EPS estimate for Veeco Instruments to $1.10 from $1.04, suggesting slightly stronger near-term earnings than previously expected.
- Positive Sentiment: The firm also boosted multiple forward estimates, including FY2027 EPS to $2.69 from $1.17, which points to a much stronger long-term earnings outlook for Veeco Instruments (VECO).
- Positive Sentiment: Northland increased quarterly estimates across 2026 and 2027, reinforcing the view that earnings momentum for the semiconductor equipment maker is improving.
- Neutral Sentiment: Another report said Veeco’s price target was increased by 43.08% to $47.43, adding to the more constructive analyst tone around the stock.
- Negative Sentiment: Director Gordon Hunter sold 29,532 shares worth about $1.75 million, and he also sold shares earlier in the week. Insider selling can sometimes weigh on investor sentiment, even if it does not necessarily change the company’s fundamentals.
Veeco Instruments 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.
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