Econ Financial Services Corp Makes New Investment in Veeco Instruments Inc. $VECO

Posted by Brian Himes on Jun 27th, 2026

Econ Financial Services Corp acquired a new stake in shares of Veeco Instruments Inc. (NASDAQ:VECO – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,413 shares of the semiconductor company’s stock, valued at approximately $894,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Veeco Instruments by 75.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 1,019 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Veeco Instruments by 125.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 1,370 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Veeco Instruments in the 4th quarter worth about $77,000. Johnson Financial Group Inc. purchased a new position in Veeco Instruments in the 3rd quarter worth about $91,000. Finally, Global Retirement Partners LLC raised its holdings in Veeco Instruments by 16,961.9% during the 4th quarter. Global Retirement Partners LLC now owns 3,583 shares of the semiconductor company’s stock worth $102,000 after buying an additional 3,562 shares during the period. 98.46% of the stock is owned by institutional investors and hedge funds.

Veeco Instruments Stock Down 6.0%

NASDAQ:VECO opened at $70.95 on Friday. The business’s fifty day moving average price is $60.96 and its 200 day moving average price is $42.26. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 186.72 and a beta of 1.39. 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 1-year low of $19.29 and a 1-year high of $86.63.

Veeco Instruments (NASDAQ:VECO – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $158.34 million for the quarter, compared to analyst estimates of $160.07 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The company’s revenue was down 5.4% compared to the same quarter last year. 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, sell-side analysts forecast that Veeco Instruments Inc. will post 1.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Adrian Devasahayam sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $65.00, for a total value of $650,000.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gordon Hunter sold 16,974 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $68.80, for a total transaction of $1,167,811.20. Following the sale, the director owned 11,236 shares of the company’s stock, valued at approximately $773,036.80. This represents a 60.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.

Analyst Upgrades and Downgrades

A number of analysts have commented on VECO shares. Wall Street Zen raised shares of Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th. Citigroup boosted their price target on shares of Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Veeco Instruments from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. Barclays upped their price target on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. Finally, Zacks Research raised shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.60.

Get Our Latest Analysis on Veeco Instruments

Veeco Instruments Profile

(Free Report)

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.