Veeco Instruments (NASDAQ:VECO) Director Gordon Hunter Sells 6,752 Shares

Veeco Instruments Inc. (NASDAQ:VECO) Director Gordon Hunter sold 6,752 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $63.78, for a total transaction of $430,642.56. Following the transaction, the director directly owned 28,210 shares in the company, valued at $1,799,233.80. The trade was a 19.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, May 26th, Gordon Hunter sold 17,714 shares of Veeco Instruments stock. The stock was sold at an average price of $61.61, for a total transaction of $1,091,359.54.
• On Tuesday, May 12th, Gordon Hunter sold 29,532 shares of Veeco Instruments stock. The stock was sold at an average price of $59.41, for a total transaction of $1,754,496.12.
• On Friday, May 8th, Gordon Hunter sold 7,746 shares of Veeco Instruments stock. The stock was sold at an average price of $58.76, for a total transaction of $455,154.96.

Veeco Instruments Stock Performance

NASDAQ VECO traded up $2.59 during trading hours on Monday, reaching $61.04. 912,980 shares of the company were exchanged, compared to its average volume of 1,159,649. Veeco Instruments Inc. has a 1 year low of $19.29 and a 1 year high of $65.43. The business’s 50 day simple moving average is $49.88 and its 200-day simple moving average is $37.63. 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 stock has a market capitalization of $3.73 billion, a P/E ratio of 160.64 and a beta of 1.39.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings data 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). Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The company had revenue of $158.34 million for the quarter, compared to analysts’ expectations of $160.07 million. During the same quarter last year, the business posted $0.37 EPS. The business’s quarterly revenue 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. On average, equities research analysts expect that Veeco Instruments Inc. will post 1.1 earnings per share for the current year.

Hedge Funds Weigh In On Veeco Instruments

Large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its stake in shares of Veeco Instruments by 75.6% in the second 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 in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Veeco Instruments by 125.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 1,370 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Veeco Instruments in the fourth quarter valued at approximately $77,000. Johnson Financial Group Inc. bought a new position in shares of Veeco Instruments in the third quarter valued at approximately $91,000. Finally, Global Retirement Partners LLC boosted its position in shares of Veeco Instruments by 16,961.9% in the fourth 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 period. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Wall Street Analysts Forecast Growth

VECO has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Citigroup lifted their target price on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings downgraded shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Veeco Instruments to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Veeco Instruments has a consensus rating of “Hold” and a consensus price target of $40.60.

Veeco Instruments Company Profile

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.