Key Points
- Veeco Instruments CEO William John Miller sold 100,000 shares on May 7 at an average price of $59.55, totaling about $5.96 million. The sale reduced his stake by 19.25%, though he still held 419,570 shares afterward.
- The company recently missed earnings expectations, reporting Q1 EPS of $0.14 versus the $0.20 consensus, with revenue of $158.34 million also slightly below estimates. Veeco guided Q2 EPS to $0.20-$0.32 and FY2026 EPS to $1.50-$1.85.
- Analyst sentiment is mixed: Citigroup raised its target to $60 and rated the stock a buy, while others downgraded or kept hold ratings. MarketBeat’s average rating for Veeco is currently Hold with a $37 average price target.
Veeco Instruments Inc. (NASDAQ:VECO - Get Free Report) Director Gordon Hunter sold 7,746 shares of Veeco Instruments stock in a transaction on Friday, May 8th. The stock was sold at an average price of $58.76, for a total transaction of $455,154.96. Following the completion of the transaction, the director directly owned 82,208 shares in the company, valued at $4,830,542.08. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Veeco Instruments Price Performance
NASDAQ VECO opened at $61.21 on Tuesday. The firm's fifty day simple moving average is $39.49 and its two-hundred day simple moving average is $33.66. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. Veeco Instruments Inc. has a 12-month low of $18.85 and a 12-month high of $65.43. The firm has a market capitalization of $3.74 billion, a P/E ratio of 161.08 and a beta of 1.36.
Veeco Instruments (NASDAQ:VECO - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The firm had revenue of $158.34 million during the quarter, compared to analysts' expectations of $160.07 million. During the same period in the prior year, the firm posted $0.37 earnings per share. Veeco Instruments's revenue for the quarter 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. Analysts forecast that Veeco Instruments Inc. will post 1.04 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on VECO shares. Citigroup lifted their price target on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Weiss Ratings lowered shares of Veeco Instruments from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, May 6th. Zacks Research lowered shares of Veeco Instruments from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Veeco Instruments in a report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $37.00.
View Our Latest Analysis on VECO
Institutional Investors Weigh In On Veeco Instruments
A number of large investors have recently made changes to their positions in VECO. Smartleaf Asset Management LLC grew its holdings in shares of Veeco Instruments by 75.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company's stock valued at $49,000 after buying an additional 1,019 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Veeco Instruments by 125.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company's stock valued at $70,000 after buying an additional 1,370 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Veeco Instruments during the fourth quarter valued at $77,000. Johnson Financial Group Inc. purchased a new stake in shares of Veeco Instruments during the third quarter valued at $91,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Veeco Instruments by 16,961.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,583 shares of the semiconductor company's stock valued at $102,000 after buying an additional 3,562 shares during the last quarter. 98.46% of the stock is owned by hedge funds and other institutional investors.
About Veeco Instruments
(
Get Free Report)
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.
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