Veeco Instruments (NASDAQ:VECO) SVP Adrian Devasahayam Sells 5,407 Shares of Stock

Veeco Instruments Inc. (NASDAQ:VECO) SVP Adrian Devasahayam sold 5,407 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $61.84, for a total transaction of $334,368.88. Following the transaction, the senior vice president directly owned 95,115 shares of the company’s stock, valued at $5,881,911.60. This represents a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Veeco Instruments Price Performance

VECO opened at $60.24 on Thursday. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 158.53 and a beta of 1.36. The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $46.07 and a 200-day moving average price of $36.17. Veeco Instruments Inc. has a twelve month low of $19.04 and a twelve month high of $65.43.

Veeco Instruments (NASDAQ:VECO) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.06). The business had revenue of $158.34 million during 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%.Veeco Instruments’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. 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 analysts expect that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Institutional Investors Weigh In On Veeco Instruments

Several hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in shares of Veeco Instruments by 7.4% during the third quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 350 shares during the period. State of Alaska Department of Revenue increased its position in shares of Veeco Instruments by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 32,882 shares of the semiconductor company’s stock valued at $939,000 after buying an additional 361 shares during the period. Vise Technologies Inc. increased its position in shares of Veeco Instruments by 5.3% during the fourth quarter. Vise Technologies Inc. now owns 7,503 shares of the semiconductor company’s stock valued at $214,000 after buying an additional 377 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of Veeco Instruments by 4.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,986 shares of the semiconductor company’s stock valued at $314,000 after buying an additional 462 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Veeco Instruments by 9.9% during the second quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 580 shares during the period. 98.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VECO. Zacks Research upgraded shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Weiss Ratings lowered Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Barclays boosted their price objective on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Finally, Citigroup boosted their price objective on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.60.

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.