Veeco Instruments Inc. (NASDAQ:VECO) Receives Average Recommendation of “Hold” from Analysts

Veeco Instruments Inc. (NASDAQ:VECO) has earned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $40.60.

VECO has been the subject of a number of analyst reports. Barclays boosted their price target on Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Zacks Research raised Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Citigroup boosted their target price on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Finally, Weiss Ratings downgraded Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th.

Insider Buying and Selling at Veeco Instruments

In other news, CEO William John Miller sold 100,000 shares of Veeco Instruments stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $59.55, for a total transaction of $5,955,000.00. Following the transaction, the chief executive officer owned 419,570 shares in the company, valued at approximately $24,985,393.50. The trade was a 19.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard A. Damore sold 43,701 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $60.71, for a total value of $2,653,087.71. Following the completion of the transaction, the director owned 112,594 shares in the company, valued at $6,835,581.74. This trade represents a 27.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 289,823 shares of company stock valued at $16,028,219 in the last ninety days. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Veeco Instruments

Several large investors have recently made changes to their positions in VECO. Magnetar Financial LLC bought a new stake in shares of Veeco Instruments during the 4th quarter worth about $48,342,000. American Century Companies Inc. lifted its position in shares of Veeco Instruments by 920.1% during the 3rd quarter. American Century Companies Inc. now owns 676,502 shares of the semiconductor company’s stock worth $20,586,000 after purchasing an additional 610,187 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Veeco Instruments by 37.4% in the 4th quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock valued at $52,026,000 after acquiring an additional 495,767 shares in the last quarter. Millennium Management LLC raised its holdings in Veeco Instruments by 1,164.3% in the 4th quarter. Millennium Management LLC now owns 477,386 shares of the semiconductor company’s stock valued at $13,644,000 after acquiring an additional 439,628 shares in the last quarter. Finally, AQR Arbitrage LLC acquired a new position in Veeco Instruments in the 4th quarter valued at approximately $11,648,000. Institutional investors own 98.46% of the company’s stock.

Veeco Instruments Trading Down 1.8%

NASDAQ:VECO opened at $59.13 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86. Veeco Instruments has a 12-month low of $19.04 and a 12-month high of $65.43. The business has a 50 day simple moving average of $46.63 and a 200 day simple moving average of $36.37. The firm has a market capitalization of $3.61 billion, a P/E ratio of 155.61 and a beta of 1.36.

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). Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The business had revenue of $158.34 million for the quarter, compared to analyst estimates of $160.07 million. During the same quarter last year, the firm posted $0.37 EPS. The company’s revenue was down 5.4% compared to the same quarter last year. 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 will post 1.1 EPS for the current year.

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.