Veeco Instruments (NASDAQ:VECO) CEO William John Miller Sells 200,000 Shares

Veeco Instruments Inc. (NASDAQ:VECO – Get Free Report) CEO William John Miller sold 200,000 shares of Veeco Instruments stock in a transaction on Monday, August 17th. The shares were sold at an average price of $54.18, for a total transaction of $10,836,000.00. Following the completion of the sale, the chief executive officer directly owned 169,570 shares of the company’s stock, valued at approximately $9,187,302.60. The trade was a 54.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

William John Miller also recently made the following trade(s):

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• On Tuesday, June 2nd, William John Miller sold 50,000 shares of Veeco Instruments stock. The stock was sold at an average price of $58.62, for a total transaction of $2,931,000.00.

Veeco Instruments Stock Performance

VECO opened at $47.42 on Thursday. Veeco Instruments Inc. has a 1-year low of $23.31 and a 1-year high of $86.63. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 131.72 and a beta of 1.38. The company’s fifty day moving average price is $59.46 and its two-hundred day moving average price is $48.46. The company has a current ratio of 3.93, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25.

Veeco Instruments (NASDAQ:VECO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $193.48 million during the quarter, compared to analysts’ expectations of $180.08 million. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The business’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. Veeco Instruments has set its FY 2026 guidance at 1.360-1.610 EPS and its Q3 2026 guidance at 0.350-0.490 EPS. On average, analysts expect that Veeco Instruments Inc. will post 0.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Veeco Instruments

Several institutional investors and hedge funds have recently added to or reduced their stakes in VECO. BlackRock Inc. bought a new position in shares of Veeco Instruments in the second quarter valued at approximately $728,127,000. Paradigm Capital Management Inc. NY purchased a new stake in shares of Veeco Instruments during the second quarter valued at approximately $156,557,000. The Manufacturers Life Insurance Company bought a new stake in Veeco Instruments during the second quarter worth $134,434,000. Magnetar Financial LLC bought a new stake in Veeco Instruments during the fourth quarter worth $48,342,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Veeco Instruments in the second quarter worth $65,836,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on VECO shares. Citigroup boosted their price objective on Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Wall Street Zen upgraded Veeco Instruments from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised Veeco Instruments from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Barclays upped their price target on Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Finally, Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.33.

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Veeco Instruments Company Profile

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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.

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