Key Points
- Director Gordon Hunter sold 17,714 shares of Veeco Instruments for about $1.09 million at an average price of $61.61, cutting his ownership by 33.63%. He also made two other recent sales earlier in May.
- Veeco shares were down 1.8% and recently traded at $59.13, near the stock’s 12-month high of $65.43. The company now has a market cap of about $3.61 billion.
- Latest earnings missed expectations: Veeco reported Q1 EPS of $0.14 versus the $0.20 estimate, with revenue of $158.34 million slightly below forecasts. The company guided Q2 EPS at $0.20-$0.32 and full-year EPS at $1.50-$1.85, while analysts currently rate the stock a consensus Hold.
Veeco Instruments Inc. (NASDAQ:VECO - Get Free Report) Director Gordon Hunter sold 17,714 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $61.61, for a total transaction of $1,091,359.54. Following the completion of the transaction, the director directly owned 34,962 shares of the company's stock, valued at approximately $2,154,008.82. This trade represents a 33.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Gordon Hunter also recently made the following trade(s):
- On Tuesday, May 12th, Gordon Hunter sold 29,532 shares of Veeco Instruments stock. The shares were 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 shares were sold at an average price of $58.76, for a total transaction of $455,154.96.
Veeco Instruments Trading Down 1.8%
Shares of Veeco Instruments stock opened at $59.13 on Friday. Veeco Instruments Inc. has a 12-month low of $19.04 and a 12-month high of $65.43. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. The stock has a market cap of $3.61 billion, a PE ratio of 155.61 and a beta of 1.36. The company has a 50-day moving average of $46.63 and a two-hundred day moving average of $36.37.
Veeco Instruments (NASDAQ:VECO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.06). Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The firm had revenue of $158.34 million during the quarter, compared to analysts' expectations of $160.07 million. During the same quarter in the prior year, the business earned $0.37 EPS. The company's quarterly 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. On average, research analysts anticipate that Veeco Instruments Inc. will post 1.1 EPS for the current fiscal year.
Institutional Trading of Veeco Instruments
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Old West Investment Management LLC grew its holdings in Veeco Instruments by 129.1% in the 3rd quarter. Old West Investment Management LLC now owns 67,632 shares of the semiconductor company's stock valued at $2,058,000 after buying an additional 38,114 shares during the period. Fisher Asset Management LLC grew its stake in shares of Veeco Instruments by 32.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,324,590 shares of the semiconductor company's stock valued at $40,307,000 after buying an additional 325,357 shares during the period. New York Life Investment Management LLC purchased a new stake in shares of Veeco Instruments during the 4th quarter valued at $1,808,000. Victory Capital Management Inc. grew its stake in shares of Veeco Instruments by 11.0% during the 3rd quarter. Victory Capital Management Inc. now owns 746,429 shares of the semiconductor company's stock valued at $22,714,000 after buying an additional 74,106 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Veeco Instruments by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,663,310 shares of the semiconductor company's stock valued at $233,195,000 after buying an additional 62,016 shares during the period. Hedge funds and other institutional investors own 98.46% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on VECO shares. Citigroup raised their price target on Veeco Instruments from $40.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. Needham & Company LLC restated a "hold" rating on shares of Veeco Instruments in a research report on Thursday, February 26th. Barclays upped their target price on Veeco Instruments from $30.00 to $55.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 19th. Zacks Research raised Veeco Instruments from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Finally, Weiss Ratings cut Veeco Instruments from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, May 6th. 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 given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $40.60.
Read Our Latest Research Report on Veeco Instruments
Veeco Instruments Company Profile
(
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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