Veeco Instruments (NASDAQ:VECO) Director Richard Damore Sells 43,701 Shares

Veeco Instruments Inc. (NASDAQ:VECO) Director Richard Damore sold 43,701 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $60.71, for a total transaction of $2,653,087.71. Following the completion of the transaction, the director owned 112,594 shares in the company, valued at approximately $6,835,581.74. This trade represents a 27.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Veeco Instruments Trading Down 5.1%

Shares of NASDAQ VECO traded down $2.99 during midday trading on Monday, reaching $55.65. 1,074,758 shares of the stock were exchanged, compared to its average volume of 1,170,745. The company has a market capitalization of $3.40 billion, a P/E ratio of 146.45 and a beta of 1.36. Veeco Instruments Inc. has a 52-week low of $18.85 and a 52-week high of $65.43. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $41.73 and a 200-day moving average price of $34.52.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The firm had revenue of $158.34 million for the quarter, compared to analysts’ expectations of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VECO shares. Zacks Research downgraded shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Weiss Ratings cut Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Finally, Citigroup lifted their price target on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.00.

Institutional Investors Weigh In On Veeco Instruments

Large investors have recently made changes to their positions in the business. Magnetar Financial LLC acquired a new position in Veeco Instruments during the 4th quarter worth approximately $48,342,000. American Century Companies Inc. lifted its position in Veeco Instruments by 920.1% during the 3rd quarter. American Century Companies Inc. now owns 676,502 shares of the semiconductor company’s stock worth $20,586,000 after acquiring an additional 610,187 shares in the last quarter. Fisher Asset Management LLC lifted its position in Veeco Instruments by 37.4% during the 4th quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock worth $52,026,000 after acquiring an additional 495,767 shares in the last quarter. Millennium Management LLC lifted its position in Veeco Instruments by 1,164.3% during the 4th quarter. Millennium Management LLC now owns 477,386 shares of the semiconductor company’s stock worth $13,644,000 after acquiring an additional 439,628 shares in the last quarter. Finally, AQR Arbitrage LLC acquired a new position in Veeco Instruments during the 4th quarter worth approximately $11,648,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

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.