Veeco Instruments Inc. (NASDAQ:VECO) Receives $40.60 Average PT from Brokerages

Shares of Veeco Instruments Inc. (NASDAQ:VECO) have earned an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $40.60.

A number of research firms have recently weighed in on VECO. Wall Street Zen raised Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded shares of Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. Barclays raised their price target on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Citigroup upped their price objective on shares of Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th.

Veeco Instruments Stock Down 3.8%

Shares of NASDAQ:VECO opened at $52.27 on Friday. The stock has a market capitalization of $3.19 billion, a P/E ratio of 137.56 and a beta of 1.34. The stock’s 50-day moving average price is $63.53 and its 200-day moving average price is $45.27. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. Veeco Instruments has a 12-month low of $19.29 and a 12-month high of $86.63.

Veeco Instruments (NASDAQ:VECO) 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). Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The company had revenue of $158.34 million for the quarter, compared to analysts’ expectations of $160.07 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. The company’s revenue was down 5.4% compared to the same quarter last year. 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. On average, equities analysts anticipate that Veeco Instruments will post 1.1 earnings per share for the current year.

Insider Buying and Selling at Veeco Instruments

In related news, Director Gordon Hunter sold 29,532 shares of Veeco Instruments stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $59.41, for a total value of $1,754,496.12. Following the sale, the director owned 52,676 shares in the company, valued at $3,129,481.16. The trade was a 35.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Susan Wilkerson sold 35,723 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $61.69, for a total transaction of $2,203,751.87. Following the transaction, the senior vice president directly owned 42,974 shares in the company, valued at approximately $2,651,066.06. The trade was a 45.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 339,055 shares of company stock worth $20,705,270 over the last three months. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Veeco Instruments

A number of large investors have recently modified their holdings of VECO. Tema ETFs LLC purchased a new stake in Veeco Instruments in the second quarter worth about $33,000. Smartleaf Asset Management LLC raised its position in shares of 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 acquiring an additional 1,019 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Veeco Instruments by 125.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 1,370 shares during the period. PVG Asset Management Corp purchased a new position in shares of Veeco Instruments in the 1st quarter valued at approximately $84,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Veeco Instruments during the fourth quarter valued at approximately $77,000. Institutional investors own 98.46% of the company’s stock.

Veeco Instruments Company Profile

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.