Key Points
- Veeco Instruments CEO William John Miller sold 50,000 shares on June 2 at an average price of $58.62, totaling about $2.93 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Miller also sold 100,000 shares on May 7, bringing his recent insider sales to 150,000 shares overall. After the latest transaction, his direct ownership fell by 11.92% to 369,570 shares.
- Veeco reported mixed quarterly results, with EPS of $0.14 missing estimates and revenue of $158.34 million slightly below expectations. Analysts currently have an average Hold rating on the stock, with a consensus price target of $40.60.
Veeco Instruments Inc. (NASDAQ:VECO - Get Free Report) CEO William John Miller sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $58.62, for a total value of $2,931,000.00. Following the sale, the chief executive officer directly owned 369,570 shares of the company's stock, valued at $21,664,193.40. This represents a 11.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
William John Miller also recently made the following trade(s):
- On Thursday, May 7th, William John Miller sold 100,000 shares of Veeco Instruments stock. The stock was sold at an average price of $59.55, for a total value of $5,955,000.00.
Veeco Instruments Price Performance
Shares of VECO stock opened at $61.01 on Wednesday. Veeco Instruments Inc. has a 52-week low of $19.27 and a 52-week high of $65.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.86 and a current ratio of 4.23. The firm has a market capitalization of $3.72 billion, a P/E ratio of 160.56 and a beta of 1.39. The stock has a 50 day moving average price of $47.68 and a 200 day moving average price of $36.74.
Veeco Instruments (NASDAQ:VECO - Get Free Report) last issued 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 the consensus estimate of $160.07 million. During the same period in the prior year, the business posted $0.37 earnings per share. Veeco Instruments's revenue was down 5.4% on a year-over-year basis. 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. As a group, sell-side analysts predict that Veeco Instruments Inc. will post 1.1 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in Veeco Instruments by 7.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the semiconductor company's stock worth $156,000 after purchasing an additional 350 shares during the period. State of Alaska Department of Revenue increased its holdings in Veeco Instruments by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 32,882 shares of the semiconductor company's stock worth $939,000 after purchasing an additional 361 shares during the period. Vise Technologies Inc. increased its holdings in shares of Veeco Instruments by 5.3% in the 4th quarter. Vise Technologies Inc. now owns 7,503 shares of the semiconductor company's stock valued at $214,000 after acquiring an additional 377 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Veeco Instruments by 4.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,986 shares of the semiconductor company's stock valued at $314,000 after acquiring an additional 462 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Veeco Instruments by 9.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company's stock valued at $130,000 after acquiring an additional 580 shares during the period. 98.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. Weiss Ratings lowered Veeco Instruments from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, May 6th. Citigroup raised their price objective on Veeco Instruments from $40.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Zacks Research upgraded Veeco Instruments from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 26th. Barclays raised their price objective on Veeco Instruments from $30.00 to $55.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 19th. Finally, Needham & Company LLC restated a "hold" rating on shares of Veeco Instruments in a report on Thursday, February 26th. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $40.60.
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Veeco Instruments Company Profile
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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.
Further Reading
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