Veeco Instruments (NASDAQ:VECO) Director Sells $1,091,359.54 in Stock

Veeco Instruments Inc. (NASDAQ:VECO) Director Gordon Hunter sold 17,714 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $61.61, for a total value of $1,091,359.54. Following the completion of the sale, the director owned 34,962 shares of the company’s stock, valued at approximately $2,154,008.82. The trade was a 33.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Gordon Hunter also recently made the following trade(s):

• On Tuesday, May 12th, Gordon Hunter sold 29,532 shares of Veeco Instruments stock. The shares were sold at an average price of $59.41, for a total value of $1,754,496.12.
• On Friday, May 8th, Gordon Hunter sold 7,746 shares of Veeco Instruments stock. The shares were sold at an average price of $58.76, for a total value of $455,154.96.

Veeco Instruments Trading Down 1.8%

NASDAQ:VECO traded down $1.11 during trading hours on Thursday, hitting $59.13. The company had a trading volume of 768,654 shares, compared to its average volume of 1,156,571. Veeco Instruments Inc. has a 1 year low of $19.04 and a 1 year high of $65.43. The company has a 50-day moving average of $46.07 and a 200 day moving average of $36.17. The company has a market cap of $3.61 billion, a P/E ratio of 155.61 and a beta of 1.36. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The business had revenue of $158.34 million during the quarter, compared to analyst estimates of $160.07 million. During the same period last year, the company earned $0.37 EPS. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. 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. Sell-side analysts expect that Veeco Instruments Inc. will post 1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VECO. Weiss Ratings lowered Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Needham & Company LLC reissued a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Zacks Research raised Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Barclays increased their target price 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. Finally, Citigroup increased their target price on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.60.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VECO. Smartleaf Asset Management LLC increased its holdings in shares of Veeco Instruments by 75.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 1,019 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Veeco Instruments by 125.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 1,370 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Veeco Instruments in the 4th quarter valued at about $77,000. Johnson Financial Group Inc. purchased a new position in shares of Veeco Instruments in the 3rd quarter valued at about $91,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Veeco Instruments by 16,961.9% in the 4th quarter. Global Retirement Partners LLC now owns 3,583 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 3,562 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

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.