Key Points
- Veeco Instruments director Gordon Hunter sold 6,752 shares on June 4 at an average price of $63.78, worth about $430,643. After the sale, he still held 28,210 shares.
- The transaction was part of a string of recent insider sales by Hunter, including larger sales on May 26, May 12, and May 8.
- Veeco reported mixed quarterly results, with EPS of $0.14 missing estimates and revenue down 5.4% year over year, while analysts currently rate the stock a consensus Hold with an average target price of $40.60.
Veeco Instruments Inc. (NASDAQ:VECO - Get Free Report) Director Gordon Hunter sold 6,752 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $63.78, for a total value of $430,642.56. Following the completion of the transaction, the director directly owned 28,210 shares in the company, valued at $1,799,233.80. The trade was a 19.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Gordon Hunter also recently made the following trade(s):
- On Tuesday, May 26th, Gordon Hunter sold 17,714 shares of Veeco Instruments stock. The stock was sold at an average price of $61.61, for a total value of $1,091,359.54.
- On Tuesday, May 12th, Gordon Hunter sold 29,532 shares of Veeco Instruments stock. The stock was sold at an average price of $59.41, for a total value of $1,754,496.12.
- On Friday, May 8th, Gordon Hunter sold 7,746 shares of Veeco Instruments stock. The stock was sold at an average price of $58.76, for a total transaction of $455,154.96.
Veeco Instruments Stock Performance
VECO stock opened at $61.04 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86. The company has a 50 day moving average price of $50.38 and a 200 day moving average price of $37.87. Veeco Instruments Inc. has a fifty-two week low of $19.29 and a fifty-two week high of $65.43. The stock has a market capitalization of $3.73 billion, a PE ratio of 160.64 and a beta of 1.39.
Veeco Instruments (NASDAQ:VECO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share 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 company had revenue of $158.34 million during the quarter, compared to the consensus estimate of $160.07 million. During the same quarter last year, the firm earned $0.37 EPS. The business's revenue for the quarter 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. Analysts forecast that Veeco Instruments Inc. will post 1.1 EPS for the current year.
Analysts Set New Price Targets
VECO has been the subject of several recent research reports. Barclays upped their target price on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Veeco Instruments to a "hold" rating in a research report on Saturday. Needham & Company LLC reiterated a "hold" rating on shares of Veeco Instruments in a research report on Thursday, February 26th. Weiss Ratings cut shares of Veeco Instruments from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of Veeco Instruments from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $40.60.
Read Our Latest Analysis on VECO
Institutional Trading of Veeco Instruments
A number of large investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in Veeco Instruments by 75.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company's stock worth $49,000 after purchasing an additional 1,019 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Veeco Instruments by 125.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company's stock worth $70,000 after purchasing an additional 1,370 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Veeco Instruments during the 4th quarter worth about $77,000. Johnson Financial Group Inc. bought a new position in Veeco Instruments during the 3rd quarter worth about $91,000. Finally, Global Retirement Partners LLC increased its holdings in Veeco Instruments by 16,961.9% during the 4th quarter. Global Retirement Partners LLC now owns 3,583 shares of the semiconductor company's stock worth $102,000 after purchasing an additional 3,562 shares in the last quarter. Institutional investors own 98.46% of the company's stock.
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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