Veeco Instruments (NASDAQ:VECO) CEO Sells $2,931,000.00 in Stock

Veeco Instruments Inc. (NASDAQ:VECO) CEO William John Miller sold 50,000 shares of Veeco Instruments stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $58.62, for a total transaction of $2,931,000.00. Following the sale, the chief executive officer directly owned 369,570 shares in the company, valued at approximately $21,664,193.40. This trade represents a 11.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $5,955,000.00.

Veeco Instruments Trading Up 5.3%

Shares of VECO stock opened at $63.66 on Friday. The company’s 50-day moving average price is $49.45 and its 200-day moving average price is $37.42. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 167.53 and a beta of 1.39. Veeco Instruments Inc. has a twelve month low of $19.29 and a twelve month high of $65.43.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly 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 firm had revenue of $158.34 million for the quarter, compared to analyst estimates 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 period in the previous year, the firm posted $0.37 EPS. 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, equities analysts predict that Veeco Instruments Inc. will post 1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Zacks Research raised shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Needham & Company LLC reissued a “hold” rating on shares of Veeco Instruments in a research report on Thursday, February 26th. 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. Citigroup upped their target price on shares of Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.60.

Institutional Trading of Veeco Instruments

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in Veeco Instruments by 75.6% during the second 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 during the period. Rockefeller Capital Management L.P. increased its stake in Veeco Instruments by 125.6% during the fourth 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 during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Veeco Instruments during the fourth quarter worth about $77,000. Johnson Financial Group Inc. purchased a new stake in Veeco Instruments during the third quarter worth about $91,000. Finally, Global Retirement Partners LLC increased its stake in Veeco Instruments by 16,961.9% during the fourth 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 during the period. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

About Veeco Instruments

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.