Veeco Instruments Inc. (NASDAQ:VECO) Receives Average Recommendation of “Hold” from Brokerages

Veeco Instruments Inc. (NASDAQ:VECO) has received an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $40.60.

A number of equities analysts recently issued reports on the company. Weiss Ratings cut Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Barclays lifted their target price on 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 Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Finally, Citigroup lifted their target price on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th.

Insider Buying and Selling at Veeco Instruments

In other Veeco Instruments news, Director Gordon Hunter sold 29,532 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $59.41, for a total transaction of $1,754,496.12. Following the sale, the director directly owned 52,676 shares of the company’s stock, valued at $3,129,481.16. The trade was a 35.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William John Miller sold 100,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $59.55, for a total transaction of $5,955,000.00. Following the sale, the chief executive officer directly owned 419,570 shares in the company, valued at approximately $24,985,393.50. This trade represents a 19.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 230,979 shares of company stock valued at $12,398,739 in the last three months. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Veeco Instruments

Several large investors have recently added to or reduced their stakes in VECO. Royal Bank of Canada raised its stake in Veeco Instruments by 29.6% during the 1st quarter. Royal Bank of Canada now owns 134,088 shares of the semiconductor company’s stock valued at $2,692,000 after purchasing an additional 30,646 shares during the period. AQR Capital Management LLC raised its stake in Veeco Instruments by 51.5% during the 1st quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 10,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Veeco Instruments by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company’s stock valued at $664,000 after purchasing an additional 1,434 shares during the period. Millennium Management LLC raised its stake in Veeco Instruments by 148.0% during the 1st quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company’s stock valued at $9,526,000 after purchasing an additional 283,099 shares during the period. Finally, Woodline Partners LP acquired a new stake in Veeco Instruments during the 1st quarter valued at $618,000. 98.46% of the stock is owned by institutional investors and hedge funds.

Veeco Instruments Stock Performance

VECO opened at $62.47 on Friday. The firm has a market cap of $3.81 billion, a PE ratio of 164.40 and a beta of 1.36. 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 business has a fifty day simple moving average of $45.49 and a 200-day simple moving average of $35.95. Veeco Instruments has a fifty-two week low of $19.04 and a fifty-two week high of $65.43.

Veeco Instruments (NASDAQ:VECO) last issued its earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The company had revenue of $158.34 million during the quarter, compared to analyst estimates of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The business’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 earnings per share. 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. As a group, equities analysts predict that Veeco Instruments will post 1.1 EPS for the current fiscal year.

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.