Veeco Instruments (NASDAQ:VECO) Shares Down 8.6% – Here’s What Happened

Veeco Instruments Inc. (NASDAQ:VECO)’s share price dropped 8.6% on Monday . The stock traded as low as $48.06 and last traded at $47.2060. Approximately 129,121 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,256,766 shares. The stock had previously closed at $51.66.

Analyst Ratings Changes

VECO has been the topic of several analyst reports. Barclays upped 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. Wall Street Zen raised Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Citigroup upped their price objective on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings raised Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. Finally, Zacks Research lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Veeco Instruments has an average rating of “Hold” and an average price target of $40.60.

Veeco Instruments Trading Down 8.4%

The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.89 billion, a PE ratio of 125.20 and a beta of 1.34. The firm has a 50 day moving average of $62.84 and a 200 day moving average of $46.22.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings data 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 return on equity of 3.49% and a net margin of 3.53%.The firm had revenue of $158.34 million during the quarter, compared to analysts’ expectations of $160.07 million. During the same period last year, the business posted $0.37 EPS. 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. Equities analysts anticipate that Veeco Instruments Inc. will post 1.1 earnings per share for the current year.

Insider Buying and Selling at Veeco Instruments

In other news, SVP Adrian Devasahayam sold 10,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $65.00, for a total value of $650,000.00. Following the sale, the senior vice president directly owned 85,115 shares of the company’s stock, valued at approximately $5,532,475. This represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard A. Damore sold 43,701 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $60.71, for a total transaction of $2,653,087.71. Following the completion of the sale, the director owned 112,594 shares in the company, valued at $6,835,581.74. This represents a 27.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 339,055 shares of company stock worth $20,705,270. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Veeco Instruments

A number of large investors have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its position in Veeco Instruments by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 32,882 shares of the semiconductor company’s stock valued at $939,000 after purchasing an additional 361 shares during the last quarter. Vise Technologies Inc. increased its holdings in shares of Veeco Instruments by 5.3% in the fourth 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. Tema ETFs LLC purchased a new position in Veeco Instruments in the 2nd quarter worth approximately $33,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Veeco Instruments by 4.4% in the fourth 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. increased its stake in shares of Veeco Instruments by 9.9% in the second 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. 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.