Insider Selling: Veeco Instruments (NASDAQ:VECO) SVP Sells $334,368.88 in Stock

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

Veeco Instruments Stock Performance

Shares of VECO opened at $57.64 on Friday. The company has a 50-day simple moving average of $47.17 and a 200-day simple moving average of $36.52. 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 company has a market capitalization of $3.52 billion, a PE ratio of 151.69 and a beta of 1.36. Veeco Instruments Inc. has a 52-week low of $19.04 and a 52-week high of $65.43.

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

Institutional Investors Weigh In On Veeco Instruments

Several hedge funds have recently modified their holdings of VECO. Royal Bank of Canada boosted its stake in shares of Veeco Instruments by 29.6% during the 1st quarter. Royal Bank of Canada now owns 134,088 shares of the semiconductor company’s stock worth $2,692,000 after purchasing an additional 30,646 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Veeco Instruments by 51.5% during the 1st quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company’s stock worth $598,000 after purchasing an additional 10,122 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Veeco Instruments by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company’s stock worth $664,000 after purchasing an additional 1,434 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Veeco Instruments by 148.0% during the 1st quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company’s stock worth $9,526,000 after purchasing an additional 283,099 shares during the last quarter. Finally, Woodline Partners LP acquired a new stake in shares of Veeco Instruments during the 1st quarter worth about $618,000. 98.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on VECO shares. Citigroup increased their price target on shares of Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Weiss Ratings downgraded shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Barclays increased their price objective on shares of 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, Zacks Research raised shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Veeco Instruments currently has a consensus rating of “Hold” and an average 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.