Gordon Hunter Sells 6,752 Shares of Veeco Instruments (NASDAQ:VECO) Stock

Veeco Instruments Inc. (NASDAQ:VECO) Director Gordon Hunter sold 6,752 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $63.78, for a total transaction of $430,642.56. Following the sale, the director owned 28,210 shares of the company’s stock, valued at approximately $1,799,233.80. This trade represents a 19.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Gordon Hunter also recently made the following trade(s):

• On Tuesday, May 26th, Gordon Hunter sold 17,714 shares of Veeco Instruments stock. The stock was sold at an average price of $61.61, for a total transaction of $1,091,359.54.
• On Tuesday, May 12th, Gordon Hunter sold 29,532 shares of Veeco Instruments stock. The stock was sold at an average price of $59.41, for a total transaction of $1,754,496.12.
• On Friday, May 8th, Gordon Hunter sold 7,746 shares of Veeco Instruments stock. The stock was sold at an average price of $58.76, for a total transaction of $455,154.96.

Veeco Instruments Trading Up 10.1%

NASDAQ:VECO opened at $67.19 on Wednesday. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 176.82 and a beta of 1.39. The firm has a fifty day simple moving average of $51.02 and a two-hundred day simple moving average of $38.15. Veeco Instruments Inc. has a 12 month low of $19.29 and a 12 month high of $73.03.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 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 company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. Analysts expect that Veeco Instruments Inc. will post 1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Magnetar Financial LLC bought a new position in shares of Veeco Instruments during the fourth quarter valued at about $48,342,000. American Century Companies Inc. boosted its holdings in Veeco Instruments by 920.1% during the third quarter. American Century Companies Inc. now owns 676,502 shares of the semiconductor company’s stock worth $20,586,000 after purchasing an additional 610,187 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Veeco Instruments by 37.4% during the fourth quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock worth $52,026,000 after purchasing an additional 495,767 shares during the last quarter. Millennium Management LLC boosted its holdings in Veeco Instruments by 1,164.3% during the fourth quarter. Millennium Management LLC now owns 477,386 shares of the semiconductor company’s stock worth $13,644,000 after purchasing an additional 439,628 shares during the last quarter. Finally, AQR Arbitrage LLC purchased a new position in Veeco Instruments during the fourth quarter worth about $11,648,000. 98.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Zacks Research upgraded shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Weiss Ratings cut shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. 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 report on Tuesday, May 19th. Citigroup raised their price target on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Veeco Instruments to a “hold” rating in a research note on Saturday. 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 company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.