Veeco Instruments Inc. (NASDAQ:VECO) Receives $28.57 Consensus PT from Analysts

Veeco Instruments Inc. (NASDAQ:VECO) has been given an average recommendation of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $28.5714.

A number of research firms recently weighed in on VECO. Citigroup increased their price objective on shares of Veeco Instruments from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Weiss Ratings restated a “hold (c)” rating on shares of Veeco Instruments in a report on Wednesday, October 8th. Needham & Company LLC downgraded Veeco Instruments from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Northland Securities lowered shares of Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price target on the stock. in a report on Tuesday, October 7th. Finally, Northland Capmk cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th.

Veeco Instruments Stock Down 0.2%

VECO stock opened at $29.24 on Tuesday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 35.23 and a beta of 1.17. Veeco Instruments has a 1-year low of $16.92 and a 1-year high of $34.45. The firm has a fifty day moving average price of $29.60 and a two-hundred day moving average price of $26.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.36 and a quick ratio of 3.62.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.28 by $0.08. The business had revenue of $165.88 million during the quarter, compared to analyst estimates of $160.49 million. Veeco Instruments had a net margin of 7.23% and a return on equity of 6.35%. The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. Veeco Instruments has set its Q4 2025 guidance at 0.160-0.320 EPS. Research analysts predict that Veeco Instruments will post 0.76 EPS for the current year.

Insider Activity

In other news, CEO William John Miller sold 25,000 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $32.00, for a total value of $800,000.00. Following the completion of the sale, the chief executive officer directly owned 464,543 shares of the company’s stock, valued at $14,865,376. This represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Adrian Devasahayam sold 3,851 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $34.00, for a total transaction of $130,934.00. Following the transaction, the senior vice president directly owned 78,269 shares in the company, valued at $2,661,146. The trade was a 4.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 78,851 shares of company stock valued at $2,458,434. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Veeco Instruments

Hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new stake in Veeco Instruments during the first quarter valued at $37,000. Smartleaf Asset Management LLC increased its position in Veeco Instruments by 75.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 1,019 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Veeco Instruments by 49,728.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,488 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 3,481 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Veeco Instruments by 42.2% during the 2nd quarter. Signaturefd LLC now owns 4,465 shares of the semiconductor company’s stock valued at $91,000 after buying an additional 1,326 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of Veeco Instruments in the 3rd quarter valued at approximately $91,000. 98.46% of the stock is 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.