Key Points
- Veeco CFO John Kiernan sold 35,000 shares at an average price of $51.05, generating $1.79 million. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan, leaving him with 68,802 shares.
- Veeco reported quarterly EPS of $0.33, exceeding the $0.26 analyst consensus, while revenue rose 16.5% year over year to $193.48 million and surpassed expectations.
- Analysts maintain a generally cautious view, with an average “Hold” rating and a $49.33 price target. Institutional investors own approximately 98.46% of the company’s shares.
Veeco Instruments Inc. (NASDAQ:VECO - Get Free Report) CFO John Kiernan sold 35,000 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $51.05, for a total value of $1,786,750.00. Following the completion of the sale, the chief financial officer directly owned 68,802 shares in the company, valued at approximately $3,512,342.10. This represents a 33.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Veeco Instruments Stock Performance
Veeco Instruments stock opened at $53.26 on Thursday. Veeco Instruments Inc. has a twelve month low of $23.31 and a twelve month high of $86.63. The company has a quick ratio of 2.69, a current ratio of 3.93 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $3.26 billion, a P/E ratio of 147.94 and a beta of 1.38. The stock's 50 day moving average is $60.61 and its 200 day moving average is $47.77.
Veeco Instruments (NASDAQ:VECO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The business had revenue of $193.48 million during the quarter, compared to analysts' expectations of $180.08 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The firm's quarterly revenue was up 16.5% compared to the same quarter last year. Veeco Instruments has set its FY 2026 guidance at 1.360-1.610 EPS and its Q3 2026 guidance at 0.350-0.490 EPS. On average, equities research analysts predict that Veeco Instruments Inc. will post 1.1 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have weighed in on VECO. Barclays raised their price objective on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 19th. Citigroup upped their target price on shares of Veeco Instruments from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Monday. Zacks Research cut shares of Veeco Instruments from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Wall Street Zen raised shares of Veeco Instruments from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of Veeco Instruments from a "sell (d+)" rating to a "hold (c)" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $49.33.
Get Our Latest Research Report on VECO
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tema ETFs LLC purchased a new stake in shares of Veeco Instruments during the second quarter valued at $33,000. Allworth Financial LP bought a new stake in Veeco Instruments in the 2nd quarter worth about $39,000. Quantbot Technologies LP purchased a new position in Veeco Instruments in the 2nd quarter worth about $69,000. Smartleaf Asset Management LLC raised its position in Veeco Instruments by 75.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company's stock worth $49,000 after buying an additional 1,019 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake 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 valued at $70,000 after acquiring an additional 1,370 shares during the period. 98.46% of the stock is owned by institutional investors.
Veeco Instruments Company Profile
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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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