Veeco Instruments (NASDAQ:VECO) CFO John Kiernan Sells 35,000 Shares

Veeco Instruments Inc. (NASDAQ:VECO) CFO John Kiernan sold 35,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $51.05, for a total value of $1,786,750.00. Following the completion of the sale, the chief financial officer owned 68,802 shares of the company’s stock, valued at approximately $3,512,342.10. This trade represents a 33.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Veeco Instruments Price Performance

VECO opened at $53.26 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.69 and a current ratio of 3.93. Veeco Instruments Inc. has a 52-week low of $23.31 and a 52-week high of $86.63. The stock has a market capitalization of $3.26 billion, a PE ratio of 147.94 and a beta of 1.38. The stock’s 50 day moving average price is $60.61 and its 200-day moving average price is $47.77.

Veeco Instruments (NASDAQ:VECO) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The company had revenue of $193.48 million during the quarter, compared to the consensus estimate of $180.08 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. 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. On average, equities research analysts predict that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Hedge Funds Weigh In On Veeco Instruments

Several institutional investors and hedge funds have recently added to or reduced their stakes in VECO. Tema ETFs LLC purchased a new stake in shares of Veeco Instruments in the 2nd quarter worth about $33,000. Allworth Financial LP bought a new position in shares of Veeco Instruments in the 2nd quarter worth about $39,000. Smartleaf Asset Management LLC lifted its position in Veeco Instruments by 75.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 1,019 shares during the period. Quantbot Technologies LP purchased a new position in Veeco Instruments during the 2nd quarter valued at about $69,000. Finally, 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. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Analysts Set New Price Targets

VECO has been the subject of several research analyst reports. Weiss Ratings raised shares of Veeco Instruments from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Veeco Instruments from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Citigroup increased their price target on shares of Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday. Barclays raised their price objective 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. Finally, Zacks Research cut Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Veeco Instruments presently has an average rating of “Hold” and a consensus price target of $49.33.

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.