Q3 Earnings Estimate for VECO Issued By Northland Securities

Veeco Instruments Inc. (NASDAQ:VECO) – Northland Securities raised their Q3 2027 earnings per share estimates for Veeco Instruments in a report released on Thursday, November 5th. Northland Securities analyst G. Richard now expects that the semiconductor company will post earnings of $0.59 per share for the quarter, up from their prior estimate of $0.58. Northland Securities has an “Outperform” rating and a $66.00 price objective on the stock. The consensus estimate for Veeco Instruments’ current full-year earnings is $0.95 per share. Northland Securities also issued estimates for Veeco Instruments’ Q4 2027 earnings at $0.72 EPS.

Veeco Instruments (NASDAQ:VECO) last released its earnings results on Wednesday, November 4th. The semiconductor company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.07). Veeco Instruments had a return on equity of 3.81% and a net margin of 3.62%. The company had revenue of $209.38 million during the quarter, compared to the consensus estimate of $213.33 million. During the same period last year, the firm posted $0.36 earnings per share. The company’s revenue was up 26.2% compared to the same quarter last year.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Wall Street Zen lowered shares of Veeco Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Veeco Instruments in a report on Wednesday, October 14th. Finally, Citigroup decreased their target price on shares of Veeco Instruments from $63.00 to $55.00 and set a “buy” rating for the company in a report on Friday, November 6th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $50.00.

Veeco Instruments Price Performance

Shares of NASDAQ:VECO opened at $40.33 on Friday. The business has a fifty day moving average price of $44.77 and a 200-day moving average price of $47.04. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.87 and a quick ratio of 2.69. The company has a market capitalization of $2.47 billion, a PE ratio of 100.82 and a beta of 1.41. Veeco Instruments has a 1-year low of $26.00 and a 1-year high of $86.63.

Institutional Trading of Veeco Instruments

Institutional investors have recently made changes to their positions in the stock. Tema ETFs LLC bought a new stake in shares of Veeco Instruments in the second quarter worth approximately $33,000. Allworth Financial LP bought a new position in Veeco Instruments during the second quarter valued at approximately $39,000. Royal Bank of Canada lifted its position in Veeco Instruments by 0.7% during the first quarter. Royal Bank of Canada now owns 97,050 shares of the semiconductor company’s stock valued at $3,286,000 after purchasing an additional 632 shares during the period. Nykredit A S bought a new position in Veeco Instruments during the second quarter valued at approximately $49,000. Finally, Quantbot Technologies LP purchased a new stake in Veeco Instruments in the second quarter worth approximately $69,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Insider Buying and Selling at Veeco Instruments

In other news, CEO William Miller sold 200,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $54.18, for a total transaction of $10,836,000.00. Following the transaction, the chief executive officer directly owned 169,570 shares of the company’s stock, valued at $9,187,302.60. This represents a 54.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mary Jane Raymond sold 2,000 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the sale, the director directly owned 23,967 shares in the company, valued at $958,680. This trade represents a 7.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.70% of the stock is owned by insiders.

Veeco Instruments Company Profile

Veeco Instruments designs and manufactures process equipment used to make semiconductors and other advanced materials. Its systems support thin-film deposition, etching, lithography and related manufacturing processes. The company’s product portfolio includes metal-organic chemical vapor deposition (MOCVD), molecular beam epitaxy (MBE), ion beam and laser-processing systems. These tools serve applications in compound semiconductors, advanced packaging, data storage and scientific research. Veeco serves customers around the world through its sales and service operations.