Veeco Instruments Inc. (NASDAQ:VECO) Given Average Rating of “Hold” by Analysts

Veeco Instruments Inc. (NASDAQ:VECO) has earned a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $49.3333.

VECO has been the topic of a number of research analyst reports. Zacks Research lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings upgraded shares of Veeco Instruments from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday. Wall Street Zen raised Veeco Instruments from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup upped their price objective on shares of Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Monday. Finally, Barclays upped their price target on Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th.

Veeco Instruments Trading Down 6.5%

Shares of Veeco Instruments stock opened at $49.34 on Thursday. The company has a fifty day moving average of $60.97 and a 200 day moving average of $47.51. 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 has a fifty-two week low of $23.31 and a fifty-two week high of $86.63. The company has a market capitalization of $3.02 billion, a P/E ratio of 137.06 and a beta of 1.38.

Veeco Instruments (NASDAQ:VECO) last issued 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 firm had revenue of $193.48 million for the quarter, compared to the consensus estimate of $180.08 million. During the same period in the prior year, the business posted $0.20 earnings per share. The company’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, sell-side analysts anticipate that Veeco Instruments will post 1.1 earnings per share for the current fiscal year.

Insider Transactions at Veeco Instruments

In other Veeco Instruments news, Director Gordon Hunter sold 16,974 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $68.80, for a total transaction of $1,167,811.20. Following the sale, the director directly owned 11,236 shares in the company, valued at $773,036.80. This represents a 60.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William John Miller sold 50,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $58.62, for a total transaction of $2,931,000.00. Following the sale, the chief executive officer directly owned 369,570 shares in the company, valued at $21,664,193.40. This represents a 11.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 201,777 shares of company stock worth $12,540,619. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Veeco Instruments

A number of hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue increased its stake in Veeco Instruments by 1.1% in 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 purchasing an additional 361 shares during the last quarter. Vise Technologies Inc. lifted its holdings in shares of Veeco Instruments by 5.3% during the 4th quarter. Vise Technologies Inc. now owns 7,503 shares of the semiconductor company’s stock worth $214,000 after acquiring an additional 377 shares during the period. Tema ETFs LLC acquired a new stake in shares of Veeco Instruments in the second quarter worth approximately $33,000. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Veeco Instruments by 4.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,986 shares of the semiconductor company’s stock valued at $314,000 after purchasing an additional 462 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Veeco Instruments by 9.9% during the 2nd 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 and hedge funds.

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.