Veeco Instruments (NASDAQ:VECO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Veeco Instruments (NASDAQ:VECO) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Several other research firms have also issued reports on VECO. Zacks Research lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Citigroup increased their price objective on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Barclays lifted 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 note on Tuesday, May 19th. Finally, Weiss Ratings upgraded shares of Veeco Instruments from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $49.33.

Veeco Instruments Trading Down 6.5%

Shares of VECO stock opened at $49.34 on Friday. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 137.06 and a beta of 1.38. The stock has a 50-day moving average of $60.97 and a 200-day moving average of $47.51. The company has a current ratio of 3.93, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25. Veeco Instruments has a 1-year low of $23.31 and a 1-year high of $86.63.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, topping 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 company had revenue of $193.48 million for the quarter, compared to analyst estimates of $180.08 million. During the same period in the previous year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. 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 forecast that Veeco Instruments will post 1.1 earnings per share for the current year.

Insider Transactions at Veeco Instruments

In other Veeco Instruments news, CEO William John Miller sold 50,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 369,570 shares in the company, valued at approximately $21,664,193.40. This represents a 11.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Adrian Devasahayam sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $65.00, for a total transaction 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 trade represents a 10.51% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 201,777 shares of company stock valued at $12,540,619. 2.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Veeco Instruments

Institutional investors have recently made changes to their positions in the stock. Tema ETFs LLC acquired a new stake in shares of Veeco Instruments in the 2nd quarter valued at about $33,000. Smartleaf Asset Management LLC raised its stake in Veeco Instruments by 75.6% during 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 period. Rockefeller Capital Management L.P. raised 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 worth $70,000 after buying an additional 1,370 shares during the period. PVG Asset Management Corp bought a new position in Veeco Instruments in the first quarter worth approximately $84,000. Finally, Perigon Wealth Management LLC bought a new position in Veeco Instruments in the second quarter worth approximately $204,000. Institutional investors and hedge funds 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.