Veeco Instruments (NASDAQ:VECO) Releases Earnings Results, Beats Estimates By $0.08 EPS

Veeco Instruments (NASDAQ:VECO) announced its quarterly earnings data on Wednesday. The semiconductor company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08, FiscalAI reports. The business had revenue of $165.88 million during the quarter, compared to the consensus estimate of $160.49 million. Veeco Instruments had a return on equity of 7.38% and a net margin of 8.65%.Veeco Instruments’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 EPS. Veeco Instruments updated its Q4 2025 guidance to 0.160-0.320 EPS.

Veeco Instruments Stock Up 1.7%

NASDAQ:VECO traded up $0.50 during trading hours on Friday, reaching $29.65. The company had a trading volume of 630,369 shares, compared to its average volume of 819,377. Veeco Instruments has a twelve month low of $16.92 and a twelve month high of $34.45. The company has a quick ratio of 3.43, a current ratio of 5.10 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 29.10 and a beta of 1.31. The business’s 50-day simple moving average is $28.28 and its two-hundred day simple moving average is $23.51.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Needham & Company LLC downgraded shares of Veeco Instruments from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Northland Securities cut shares of Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price target for the company. in a research report on Tuesday, October 7th. Northland Capmk lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Veeco Instruments in a research report on Wednesday, October 8th. Finally, Benchmark decreased their price target on Veeco Instruments from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Veeco Instruments has a consensus rating of “Hold” and an average price target of $27.71.

Insider Activity

In other news, SVP Adrian Devasahayam sold 3,851 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $34.00, for a total transaction of $130,934.00. Following the completion of the sale, the senior vice president owned 78,269 shares in the company, valued at $2,661,146. The trade was a 4.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William John Miller sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $32.00, for a total value of $800,000.00. Following the transaction, the chief executive officer directly owned 514,543 shares in the company, valued at $16,465,376. The trade was a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 61,911 shares of company stock valued at $1,781,550. 2.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wasatch Advisors LP boosted its stake in Veeco Instruments by 4.9% during the 2nd quarter. Wasatch Advisors LP now owns 3,396,804 shares of the semiconductor company’s stock valued at $69,023,000 after purchasing an additional 157,978 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Veeco Instruments by 9.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,215,031 shares of the semiconductor company’s stock valued at $65,329,000 after buying an additional 284,716 shares during the last quarter. Paradigm Capital Management Inc. NY raised its position in Veeco Instruments by 1.3% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,410,000 shares of the semiconductor company’s stock valued at $48,971,000 after buying an additional 30,000 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Veeco Instruments by 6.4% during the 2nd quarter. Raymond James Financial Inc. now owns 889,392 shares of the semiconductor company’s stock valued at $18,072,000 after acquiring an additional 53,853 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Veeco Instruments by 148.0% during the 1st quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company’s stock worth $9,526,000 after acquiring an additional 283,099 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

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.