Insider Selling: Veeco Instruments (NASDAQ:VECO) CEO Sells $10,836,000.00 in Stock

Veeco Instruments Inc. (NASDAQ:VECO) CEO William John Miller sold 200,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $54.18, for a total value of $10,836,000.00. Following the completion of the sale, the chief executive officer owned 169,570 shares in the company, valued at approximately $9,187,302.60. The trade was a 54.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

William John Miller also recently made the following trade(s):

• On Tuesday, June 2nd, William John Miller sold 50,000 shares of Veeco Instruments stock. The shares were sold at an average price of $58.62, for a total transaction of $2,931,000.00.

Veeco Instruments Trading Up 1.4%

NASDAQ VECO opened at $47.86 on Friday. The company’s 50-day moving average price is $58.38 and its 200-day moving average price is $48.57. The company has a current ratio of 3.93, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25. The stock has a market cap of $2.93 billion, a PE ratio of 132.94 and a beta of 1.38. Veeco Instruments Inc. has a 12 month low of $23.31 and a 12 month high of $86.63.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $193.48 million for the quarter, compared to the consensus estimate of $180.08 million. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. 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. Equities research analysts forecast that Veeco Instruments Inc. will post 0.95 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tema ETFs LLC bought a new stake in Veeco Instruments during the second quarter valued at about $33,000. Allworth Financial LP purchased a new stake in shares of Veeco Instruments during the second quarter valued at about $39,000. Nykredit A S purchased a new stake in shares of Veeco Instruments during the second quarter valued at about $49,000. Smartleaf Asset Management LLC boosted its holdings in shares of Veeco Instruments by 75.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 1,019 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Veeco Instruments in the 2nd quarter valued at about $69,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on VECO. Citigroup raised their price objective on Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Wall Street Zen upgraded Veeco Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Veeco Instruments from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Zacks Research lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Barclays increased their target price 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. One equities research 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, the stock 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.