Adrian Devasahayam Sells 10,000 Shares of Veeco Instruments (NASDAQ:VECO) Stock

Veeco Instruments Inc. (NASDAQ:VECO) SVP Adrian Devasahayam sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $65.00, for a total transaction of $650,000.00. Following the completion of the sale, the senior vice president directly owned 85,115 shares in the company, valued at approximately $5,532,475. This trade represents a 10.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Adrian Devasahayam also recently made the following trade(s):

• On Tuesday, May 26th, Adrian Devasahayam sold 5,407 shares of Veeco Instruments stock. The stock was sold at an average price of $61.84, for a total transaction of $334,368.88.

Veeco Instruments Price Performance

Shares of Veeco Instruments stock opened at $71.55 on Friday. The firm has a market cap of $4.37 billion, a PE ratio of 188.29 and a beta of 1.39. Veeco Instruments Inc. has a 12-month low of $19.29 and a 12-month high of $73.03. The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $52.44 and its two-hundred day simple moving average is $38.74.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The firm 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%.Veeco Instruments’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the business 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. As a group, equities analysts expect that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Institutional Investors Weigh In On Veeco Instruments

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of Veeco Instruments by 17.1% in the 1st quarter. Bank of America Corp DE now owns 286,409 shares of the semiconductor company’s stock worth $9,698,000 after purchasing an additional 41,925 shares during the period. Atreides Management LP purchased a new position in Veeco Instruments during the 1st quarter valued at about $7,921,000. Amundi lifted its position in Veeco Instruments by 37.7% during the 1st quarter. Amundi now owns 32,593 shares of the semiconductor company’s stock valued at $1,104,000 after acquiring an additional 8,924 shares during the period. California State Teachers Retirement System lifted its position in Veeco Instruments by 29.0% during the 1st quarter. California State Teachers Retirement System now owns 73,789 shares of the semiconductor company’s stock valued at $2,498,000 after acquiring an additional 16,610 shares during the period. Finally, Royal Bank of Canada lifted its position in Veeco Instruments by 0.7% during the 1st quarter. Royal Bank of Canada now owns 97,050 shares of the semiconductor company’s stock valued at $3,286,000 after acquiring an additional 632 shares during the period. 98.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VECO has been the topic of a number of recent analyst reports. Barclays raised their price target 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. Weiss Ratings cut shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Citigroup raised their target price on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Zacks Research raised shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.60.

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.