Veeco Instruments (NASDAQ:VECO) Posts Earnings Results, Misses Expectations By $0.14 EPS

Veeco Instruments (NASDAQ:VECO) issued its quarterly earnings results on Wednesday. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14), Zacks reports. Veeco Instruments had a return on equity of 10.92% and a net margin of 11.34%. Veeco Instruments updated its Q1 2025 guidance to 0.260-0.360 EPS.

Veeco Instruments Stock Performance

Shares of VECO traded down $0.03 during midday trading on Wednesday, hitting $23.65. 879,483 shares of the stock traded hands, compared to its average volume of 672,464. Veeco Instruments has a 1-year low of $23.00 and a 1-year high of $49.25. The firm has a market capitalization of $1.34 billion, a PE ratio of 17.52 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.41 and a current ratio of 3.54. The business’s 50 day moving average price is $26.84 and its two-hundred day moving average price is $30.17.

Analysts Set New Price Targets

VECO has been the subject of a number of research analyst reports. Citigroup upgraded shares of Veeco Instruments from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Monday, January 6th. The Goldman Sachs Group dropped their price target on shares of Veeco Instruments from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Oppenheimer reiterated an “outperform” rating and set a $35.00 target price (down previously from $40.00) on shares of Veeco Instruments in a research note on Friday, February 7th. Benchmark lowered their target price on shares of Veeco Instruments from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Veeco Instruments from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Veeco Instruments currently has an average rating of “Moderate Buy” and an average price target of $39.00.

Insider Activity

In other news, CFO John P. Kiernan sold 2,500 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $27.63, for a total transaction of $69,075.00. Following the completion of the transaction, the chief financial officer now owns 75,142 shares of the company’s stock, valued at approximately $2,076,173.46. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Veeco Instruments Company Profile

Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems.