Veeco Instruments (NASDAQ:VECO) Sets New 1-Year High – Time to Buy?

Veeco Instruments Inc. (NASDAQ:VECO)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $80.10 and last traded at $84.5680, with a volume of 25657 shares traded. The stock had previously closed at $77.48.

Analyst Upgrades and Downgrades

VECO has been the subject of several recent research reports. Wall Street Zen upgraded shares of Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Zacks Research upgraded shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Weiss Ratings cut shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Citigroup increased their price objective on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.60.

Veeco Instruments Trading Up 8.0%

The stock has a market cap of $5.11 billion, a P/E ratio of 218.93 and a beta of 1.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.86 and a current ratio of 4.23. The firm’s fifty day simple moving average is $53.29 and its 200-day simple moving average is $39.09.

Veeco Instruments (NASDAQ:VECO) 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). Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The firm had revenue of $158.34 million during the quarter, compared to the consensus estimate of $160.07 million. During the same period in the prior year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. 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 expect that Veeco Instruments Inc. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling at Veeco Instruments

In other Veeco Instruments news, Director Richard A. Damore sold 43,701 shares of the stock in a transaction dated 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 sale, the director directly owned 112,594 shares in the company, valued at approximately $6,835,581.74. This trade represents a 27.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William John Miller sold 50,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $58.62, for a total value of $2,931,000.00. Following the completion of the transaction, the chief executive officer directly owned 369,570 shares in the company, valued at $21,664,193.40. This represents a 11.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 339,055 shares of company stock valued at $20,705,270. 2.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Veeco Instruments

Institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in shares of Veeco Instruments by 75.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock worth $49,000 after buying an additional 1,019 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Veeco Instruments by 125.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 1,370 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Veeco Instruments during the fourth quarter worth $77,000. Johnson Financial Group Inc. acquired a new stake in Veeco Instruments in the third quarter worth $91,000. Finally, Global Retirement Partners LLC grew its holdings in Veeco Instruments by 16,961.9% in the fourth quarter. Global Retirement Partners LLC now owns 3,583 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 3,562 shares during the period. 98.46% of the stock is owned by institutional investors and hedge funds.

About Veeco Instruments

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.