Veeco Instruments (NASDAQ:VECO) Trading Up 8.6% – Should You Buy?

Shares of Veeco Instruments Inc. (NASDAQ:VECO) shot up 8.6% on Thursday . The stock traded as high as $59.44 and last traded at $59.1450. 145,519 shares traded hands during trading, a decline of 89% from the average daily volume of 1,292,177 shares. The stock had previously closed at $54.47.

Analyst Ratings Changes

A number of research firms recently commented on VECO. 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. Zacks Research downgraded shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday. Citigroup increased their price target on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings raised Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.60.

Veeco Instruments Trading Up 8.8%

The firm has a 50-day moving average of $63.17 and a two-hundred day moving average of $44.06. The firm has a market capitalization of $3.62 billion, a P/E ratio of 156.31 and a beta of 1.34. 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 (NASDAQ:VECO) last released its quarterly earnings data 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 for 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%.Veeco Instruments’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, analysts anticipate that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Insider Activity at Veeco Instruments

In other news, CEO William John Miller sold 100,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $59.55, for a total value of $5,955,000.00. Following the sale, the chief executive officer directly owned 419,570 shares of the company’s stock, valued at approximately $24,985,393.50. This represents a 19.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Adrian Devasahayam sold 10,000 shares of Veeco Instruments stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $65.00, for a total transaction of $650,000.00. Following the transaction, the senior vice president directly owned 85,115 shares of the company’s stock, valued at $5,532,475. This represents a 10.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 339,055 shares of company stock valued at $20,705,270 over the last ninety days. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Veeco Instruments

A number of institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its stake in shares of Veeco Instruments by 75.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 1,019 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Veeco Instruments by 125.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 1,370 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Veeco Instruments in the fourth quarter worth $77,000. PVG Asset Management Corp bought a new stake in Veeco Instruments in the first quarter valued at $84,000. Finally, Johnson Financial Group Inc. bought a new stake in Veeco Instruments in the third quarter valued at $91,000. 98.46% of the stock is currently owned by institutional investors.

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.