Q3 EPS Estimates for VECO Increased by Northland Securities

Veeco Instruments Inc. (NASDAQ:VECO) – Northland Securities upped their Q3 2027 earnings per share (EPS) estimates for shares of Veeco Instruments in a research report issued on Monday, September 21st. Northland Securities analyst G. Richard now anticipates that the semiconductor company will post earnings per share of $0.58 for the quarter, up from their previous forecast of $0.57. Northland Securities has a “Outperform” rating and a $66.00 price target 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 $0.70 EPS.

Other equities research analysts also recently issued reports about the company. Citigroup raised their target price on Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 10th. Wall Street Zen raised Veeco Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 12th. Weiss Ratings cut shares of Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Finally, Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.33.

Veeco Instruments Price Performance

VECO stock opened at $44.36 on Wednesday. The stock’s fifty day simple moving average is $48.04 and its 200-day simple moving average is $50.71. The company has a quick ratio of 2.69, a current ratio of 3.93 and a debt-to-equity ratio of 0.25. Veeco Instruments has a 52-week low of $26.00 and a 52-week high of $86.63. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 123.22 and a beta of 1.37.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $193.48 million during the quarter, compared to analysts’ expectations of $180.08 million. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. Veeco Instruments has set its FY 2026 guidance at 1.360-1.610 EPS and its Q3 2026 guidance at 0.350-0.490 EPS.

Hedge Funds Weigh In On Veeco Instruments

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC bought a new stake in shares of Veeco Instruments during the second quarter valued at approximately $1,104,000. Tidal Investments LLC purchased a new position in Veeco Instruments in the second quarter valued at approximately $2,006,000. Engineers Gate Manager LP purchased a new stake in shares of Veeco Instruments during the 2nd quarter valued at approximately $752,000. Integrated Wealth Concepts LLC purchased a new position in Veeco Instruments during the second quarter valued at approximately $146,000. Finally, Squarepoint Ops LLC boosted its position in shares of Veeco Instruments by 52.5% during the 2nd quarter. Squarepoint Ops LLC now owns 112,540 shares of the semiconductor company’s stock valued at $8,531,000 after acquiring an additional 38,753 shares during the last quarter. 98.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO John P. Kiernan sold 35,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $51.05, for a total value of $1,786,750.00. Following the completion of the transaction, the chief financial officer directly owned 68,802 shares of the company’s stock, valued at approximately $3,512,342.10. This represents a 33.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Miller sold 200,000 shares of Veeco Instruments stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $54.18, for a total transaction of $10,836,000.00. Following the completion of the transaction, the chief executive officer owned 169,570 shares of the company’s stock, valued at $9,187,302.60. This trade represents a 54.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.70% of the company’s stock.

About Veeco Instruments

Veeco Instruments Inc develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic components. Its systems support processes such as thin-film deposition, etching, lithography-related applications, and thermal processing, helping manufacturers create and refine microscopic structures on wafers and other materials.

The company’s product portfolio includes metal-organic chemical vapor deposition systems for compound semiconductors, ion beam etch and deposition equipment, laser annealing systems, and other wafer-processing technologies.