Veeco Instruments Inc. (NASDAQ:VECO – Get Free Report) has earned a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $49.3333.
Several research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Barclays increased their price objective on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Citigroup raised their price objective on shares of Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Wall Street Zen raised shares of Veeco Instruments from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th.
Get Our Latest Analysis on VECO
Veeco Instruments Stock Performance
Veeco Instruments (NASDAQ:VECO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $193.48 million during the quarter, compared to analyst estimates of $180.08 million. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The company’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. As a group, research analysts predict that Veeco Instruments will post 0.95 earnings per share for the current year.
Insider Buying and Selling at Veeco Instruments
In other Veeco Instruments news, CFO John Kiernan sold 35,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $51.05, for a total value of $1,786,750.00. Following the transaction, the chief financial officer owned 68,802 shares of the company’s stock, valued at approximately $3,512,342.10. This represents a 33.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gordon Hunter sold 16,974 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $68.80, for a total value of $1,167,811.20. Following the transaction, the director owned 11,236 shares in the company, valued at approximately $773,036.80. This trade represents a 60.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 277,480 shares of company stock valued at $15,519,159 over the last quarter. 2.70% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tema ETFs LLC bought a new stake in Veeco Instruments in the second quarter valued at approximately $33,000. Allworth Financial LP acquired a new position in shares of Veeco Instruments in the 2nd quarter valued at $39,000. Nykredit A S acquired a new position in shares of Veeco Instruments in the 2nd quarter valued at $49,000. Smartleaf Asset Management LLC grew its holdings 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 buying an additional 1,019 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Veeco Instruments in the 2nd quarter valued at $69,000. Institutional investors own 98.46% of the company’s stock.
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.
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