Veeco Instruments (NASDAQ:VECO) Hits New 12-Month High – Should You Buy?

Veeco Instruments Inc. (NASDAQ:VECO) hit a new 52-week high on Tuesday . The stock traded as high as $71.77 and last traded at $72.8760, with a volume of 660589 shares traded. The stock had previously closed at $61.04.

More Veeco Instruments News

Here are the key news stories impacting Veeco Instruments this week:

• Positive Sentiment: Veeco received a follow-on order for its NSA500 system, indicating continued customer adoption and stronger demand in advanced chip manufacturing. Veeco Receives Follow-On Order for Nanosecond Annealing System; Expands Evaluation Activity
• Positive Sentiment: News of the order was reinforced by broader investor interest in semiconductor equipment names tied to AI and chip-capacity growth. Veeco Instruments stock rallies 17% as follow-on order signals growing chip demand
• Neutral Sentiment: Short-interest data showed no meaningful change, so it does not appear to be a major driver of the stock move. What’s going on with Veeco Instruments stock on Tuesday?
• Negative Sentiment: Director Gordon Hunter sold 16,974 shares, which can pressure sentiment by raising questions about insider conviction. SEC filing for Gordon Hunter sale
• Negative Sentiment: SVP Adrian Devasahayam sold 10,000 shares, adding to the insider-selling overhang. SEC filing for Adrian Devasahayam sale

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VECO. Citigroup upped their target price on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Zacks Research raised Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Needham & Company LLC reissued a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Weiss Ratings lowered Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.60.

Veeco Instruments Trading Down 1.9%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.86 and a current ratio of 4.23. The business has a fifty day simple moving average of $51.68 and a 200 day simple moving average of $38.43. The company has a market cap of $4.02 billion, a P/E ratio of 173.53 and a beta of 1.39.

Veeco Instruments (NASDAQ:VECO) last released its 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). Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The firm had revenue of $158.34 million for the quarter, compared to the consensus estimate of $160.07 million. During the same period in the prior year, the business earned $0.37 EPS. The company’s quarterly revenue 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. Analysts anticipate that Veeco Instruments Inc. will post 1.1 earnings per share for the current fiscal year.

Insider Activity at Veeco Instruments

In other Veeco Instruments news, SVP Susan Wilkerson sold 35,723 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $61.69, for a total transaction of $2,203,751.87. Following the transaction, the senior vice president owned 42,974 shares of the company’s stock, valued at $2,651,066.06. This trade represents a 45.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard A. Damore sold 43,701 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $60.71, for a total value of $2,653,087.71. Following the transaction, the director directly owned 112,594 shares in the company, valued at approximately $6,835,581.74. This represents a 27.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 323,549 shares of company stock worth $19,626,673 over the last quarter. 2.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VECO. Vanguard Group Inc. raised its position in shares of Veeco Instruments by 0.8% during the 3rd 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. Wasatch Advisors LP raised its position in shares of Veeco Instruments by 4.9% during the 2nd quarter. Wasatch Advisors LP now owns 3,396,804 shares of the semiconductor company’s stock worth $69,023,000 after purchasing an additional 157,978 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Veeco Instruments by 9.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,215,031 shares of the semiconductor company’s stock worth $65,329,000 after purchasing an additional 284,716 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Veeco Instruments by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,481,803 shares of the semiconductor company’s stock worth $75,521,000 after purchasing an additional 26,248 shares during the period. Finally, Paradigm Capital Management Inc. NY raised its position in shares of Veeco Instruments by 1.3% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,410,000 shares of the semiconductor company’s stock worth $48,971,000 after purchasing an additional 30,000 shares during the period. Institutional investors own 98.46% of the company’s stock.

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.