Veeco Instruments (NASDAQ:VECO) SVP Sells $2,203,751.87 in Stock

Veeco Instruments Inc. (NASDAQ:VECO) SVP Susan Wilkerson sold 35,723 shares of Veeco Instruments stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $61.69, for a total transaction of $2,203,751.87. Following the sale, the senior vice president owned 42,974 shares in the company, valued at $2,651,066.06. This represents a 45.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Veeco Instruments Trading Down 2.5%

NASDAQ VECO opened at $57.64 on Friday. The stock has a market cap of $3.52 billion, a P/E ratio of 151.69 and a beta of 1.36. The company’s fifty day simple moving average is $47.17 and its 200-day simple moving average is $36.52. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. Veeco Instruments Inc. has a 52 week low of $19.04 and a 52 week high of $65.43.

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

Hedge Funds Weigh In On Veeco Instruments

A number of hedge funds have recently bought and sold shares of VECO. Old West Investment Management LLC increased its holdings in shares of Veeco Instruments by 129.1% in the 3rd quarter. Old West Investment Management LLC now owns 67,632 shares of the semiconductor company’s stock valued at $2,058,000 after acquiring an additional 38,114 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Veeco Instruments by 32.6% during the third quarter. Fisher Asset Management LLC now owns 1,324,590 shares of the semiconductor company’s stock worth $40,307,000 after purchasing an additional 325,357 shares during the last quarter. New York Life Investment Management LLC bought a new position in Veeco Instruments during the fourth quarter worth $1,808,000. Victory Capital Management Inc. boosted its holdings in Veeco Instruments by 11.0% in the third quarter. Victory Capital Management Inc. now owns 746,429 shares of the semiconductor company’s stock worth $22,714,000 after purchasing an additional 74,106 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Veeco Instruments by 0.8% in the third quarter. Vanguard Group Inc. now owns 7,663,310 shares of the semiconductor company’s stock worth $233,195,000 after purchasing an additional 62,016 shares during the period. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VECO has been the topic of several recent analyst reports. Weiss Ratings cut Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Zacks Research raised Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Citigroup increased their target price on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Barclays raised their price target on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.60.

About Veeco Instruments

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.