12,078 Veeco Instruments Inc. $VECO Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in shares of Veeco Instruments Inc. (NASDAQ:VECO) by 54.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,270 shares of the semiconductor company’s stock after selling 12,078 shares during the quarter. State of Alaska Department of Revenue’s holdings in Veeco Instruments were worth $533,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of VECO. Central Pacific Bank Trust Division grew its holdings in Veeco Instruments by 71.8% in the third quarter. Central Pacific Bank Trust Division now owns 14,350 shares of the semiconductor company’s stock valued at $745,000 after purchasing an additional 5,997 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Veeco Instruments in the second quarter valued at $1,104,000. Tidal Investments LLC purchased a new position in shares of Veeco Instruments in the second quarter valued at $2,006,000. Engineers Gate Manager LP acquired a new position in shares of Veeco Instruments during the 2nd quarter worth $752,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Veeco Instruments during the 2nd quarter worth $146,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Veeco Instruments Price Performance

Shares of NASDAQ:VECO opened at $42.06 on Friday. The business’s fifty day moving average price is $46.77 and its two-hundred day moving average price is $53.19. The stock has a market cap of $2.57 billion, a PE ratio of 116.83 and a beta of 1.36. 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 one year low of $26.00 and a one year high of $86.63.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share for the quarter, topping the consensus estimate 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 last year, the business posted $0.20 earnings per share. Veeco Instruments’s revenue was up 16.5% compared to the same quarter last year. 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, analysts forecast that Veeco Instruments Inc. will post 0.95 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on VECO. Weiss Ratings lowered shares of Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Citigroup raised their target price on shares of Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 10th. Wall Street Zen upgraded shares of Veeco Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 12th. Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Northland Securities raised shares of Veeco Instruments from a “market perform” rating to an “outperform” rating and set a $66.00 price target on the stock in a report on Monday, September 21st. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $52.00.

Insider Transactions at Veeco Instruments

In related news, CEO William Miller sold 200,000 shares of Veeco Instruments stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $54.18, for a total transaction 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. This trade represents a 54.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kiernan sold 35,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $51.05, for a total transaction of $1,786,750.00. Following the completion of the transaction, the chief financial officer directly owned 68,802 shares of the company’s stock, valued at $3,512,342.10. The trade was a 33.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.70% of the company’s stock.

Veeco Instruments Company Profile

Veeco Instruments Inc (NASDAQ: VECO) develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic devices. Its systems help customers deposit, etch, pattern, anneal and otherwise process thin films and materials at the wafer level.

The company’s product portfolio includes metal-organic chemical vapor deposition systems, molecular beam epitaxy equipment, ion beam etch and deposition systems, laser annealing systems, and related process-control and automation technologies.