Key Points
- Veeco Instruments SVP Susan Wilkerson sold 15,506 shares on June 11 for about $1.08 million at an average price of $69.56, reducing her ownership by 36.08%.
- The stock was up 8.3%, opening at $77.48 and trading near its 52-week high of $78.60, giving the company a market cap of about $4.73 billion.
- Veeco’s latest earnings missed estimates, with Q1 EPS of $0.14 versus $0.20 expected and revenue of $158.34 million slightly below forecasts, though the company issued FY 2026 guidance of $1.50 to $1.85 EPS.
Veeco Instruments Inc. (NASDAQ:VECO - Get Free Report) SVP Susan Wilkerson sold 15,506 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $69.56, for a total value of $1,078,597.36. Following the sale, the senior vice president owned 27,468 shares of the company's stock, valued at $1,910,674.08. This represents a 36.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Susan Wilkerson also recently made the following trade(s):
- On Tuesday, May 26th, Susan Wilkerson sold 35,723 shares of Veeco Instruments stock. The shares were sold at an average price of $61.69, for a total value of $2,203,751.87.
Veeco Instruments Trading Up 8.3%
Shares of VECO stock opened at $77.48 on Friday. The stock has a market capitalization of $4.73 billion, a PE ratio of 203.90 and a beta of 1.39. Veeco Instruments Inc. has a 1-year low of $19.29 and a 1-year high of $78.60. The business has a 50-day moving average of $53.29 and a 200 day moving average of $39.01. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86.
Veeco Instruments (NASDAQ:VECO - Get Free Report) last issued its earnings results 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). The company had revenue of $158.34 million for the quarter, compared to analysts' expectations of $160.07 million. Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The company's revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. 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 anticipate that Veeco Instruments Inc. will post 1.1 earnings per share for the current year.
Institutional Investors Weigh In On Veeco Instruments
Several institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in Veeco Instruments by 7.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the semiconductor company's stock worth $156,000 after buying an additional 350 shares during the period. State of Alaska Department of Revenue lifted its holdings in Veeco Instruments by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 32,882 shares of the semiconductor company's stock worth $939,000 after buying an additional 361 shares during the period. Vise Technologies Inc. lifted its holdings in Veeco Instruments by 5.3% in the 4th quarter. Vise Technologies Inc. now owns 7,503 shares of the semiconductor company's stock worth $214,000 after buying an additional 377 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in 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 worth $314,000 after buying an additional 462 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Veeco Instruments by 9.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company's stock worth $130,000 after buying an additional 580 shares during the period. Hedge funds and other institutional investors own 98.46% of the company's stock.
Analyst Upgrades and Downgrades
VECO has been the subject of several analyst reports. Wall Street Zen upgraded Veeco Instruments to a "hold" rating in a report on Saturday, June 6th. Needham & Company LLC restated a "hold" rating on shares of Veeco Instruments in a report on Thursday, February 26th. Zacks Research upgraded Veeco Instruments from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 26th. Barclays increased their target price on Veeco Instruments from $30.00 to $55.00 and gave the company an "equal weight" rating in a report on Tuesday, May 19th. Finally, Weiss Ratings cut Veeco Instruments from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $40.60.
View Our Latest Report on Veeco Instruments
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.
Further Reading
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