Key Points
- CEO William John Miller sold 200,000 Veeco shares at an average price of $54.18, generating $10.84 million. The Rule 10b5-1 transaction reduced his holdings by 54.12%, leaving him with 169,570 shares.
- Veeco reported a strong quarter, with earnings of $0.33 per share and revenue of $193.48 million, beating analyst estimates and marking 16.5% year-over-year revenue growth.
- VECO shares opened at $47.42, while analysts maintained a predominantly cautious outlook: the stock has a consensus “Hold” rating and a $49.33 average price target. Institutional investors own 98.46% of the company.
Veeco Instruments Inc. (NASDAQ:VECO - Get Free Report) CEO William John Miller sold 200,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $54.18, for a total transaction of $10,836,000.00. Following the transaction, the chief executive officer owned 169,570 shares of the company's stock, valued at approximately $9,187,302.60. The trade was a 54.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
William John Miller also recently made the following trade(s):
- On Tuesday, June 2nd, William John Miller sold 50,000 shares of Veeco Instruments stock. The stock was sold at an average price of $58.62, for a total transaction of $2,931,000.00.
Veeco Instruments Stock Performance
Shares of VECO stock opened at $47.42 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.69 and a current ratio of 3.93. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 131.72 and a beta of 1.38. Veeco Instruments Inc. has a 52 week low of $23.31 and a 52 week high of $86.63. The firm's 50-day simple moving average is $59.46 and its two-hundred day simple moving average is $48.46.
Veeco Instruments (NASDAQ:VECO - Get Free Report) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The firm had revenue of $193.48 million during the quarter, compared to the consensus estimate of $180.08 million. During the same period in the prior year, the firm earned $0.20 EPS. The company's 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. As a group, equities analysts forecast that Veeco Instruments Inc. will post 0.95 earnings per share for the current year.
Institutional Investors Weigh In On Veeco Instruments
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tema ETFs LLC bought a new position in shares of Veeco Instruments in the second quarter worth $33,000. Allworth Financial LP bought a new stake in shares of Veeco Instruments during the 2nd quarter valued at $39,000. Smartleaf Asset Management LLC raised its stake in shares of Veeco Instruments by 75.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company's stock valued at $49,000 after purchasing an additional 1,019 shares during the period. Quantbot Technologies LP purchased a new stake in Veeco Instruments during the 2nd quarter worth about $69,000. Finally, Rockefeller Capital Management L.P. lifted 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. Institutional investors own 98.46% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Wall Street Zen raised Veeco Instruments from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Weiss Ratings raised Veeco Instruments from a "sell (d+)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Citigroup lifted their price objective on Veeco Instruments from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Zacks Research downgraded shares of Veeco Instruments from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Finally, Barclays increased their target price on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Veeco Instruments currently has a consensus rating of "Hold" and a consensus target price of $49.33.
View 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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