Shares of Veeco Instruments Inc. (NASDAQ:VECO – Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $52.45 and traded as high as $53.28. Veeco Instruments shares last traded at $52.28, with a volume of 296,174 shares changing hands.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on VECO. Citigroup upped their price objective on Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 10th. Wall Street Zen upgraded shares of Veeco Instruments from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 12th. Weiss Ratings cut Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Zacks Research downgraded Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Northland Securities raised Veeco Instruments from a “market perform” rating to an “outperform” rating and set a $66.00 price objective for the company in a research note on Monday, September 21st. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.33.
Get Our Latest Analysis on Veeco Instruments
Veeco Instruments Trading Up 1.6%
Veeco Instruments (NASDAQ:VECO – Get Free Report) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $193.48 million for the quarter, compared to the consensus estimate of $180.08 million. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Research analysts expect that Veeco Instruments Inc. will post 0.95 EPS for the current fiscal year.
Insider Buying and Selling at Veeco Instruments
In other news, CEO William Miller sold 200,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $54.18, for a total value of $10,836,000.00. Following the completion of the sale, the chief executive officer directly owned 169,570 shares in the company, valued at approximately $9,187,302.60. The trade was a 54.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John P. Kiernan sold 35,000 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $51.05, for a total transaction of $1,786,750.00. Following the transaction, the chief financial officer directly owned 68,802 shares of the company’s stock, valued at approximately $3,512,342.10. This represents a 33.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.70% of the company’s stock.
Institutional Investors Weigh In On Veeco Instruments
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System acquired a new position in Veeco Instruments in the 1st quarter valued at approximately $904,000. Sei Investments Co. boosted its position in shares of Veeco Instruments by 210.9% during the 1st quarter. Sei Investments Co. now owns 73,163 shares of the semiconductor company’s stock valued at $2,477,000 after acquiring an additional 49,631 shares in the last quarter. Rokos Capital Management LLP bought a new stake in Veeco Instruments in the first quarter valued at about $3,228,000. Dimensional Fund Advisors LP increased its stake in Veeco Instruments by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,374,292 shares of the semiconductor company’s stock valued at $80,391,000 after acquiring an additional 68,780 shares during the period. Finally, Bank of America Corp DE acquired a new position in Veeco Instruments in the second quarter worth about $23,301,000. Institutional investors and hedge funds own 98.46% of the company’s stock.
About Veeco Instruments
Veeco Instruments Inc (NASDAQ:VECO) develops and manufactures process equipment used to produce semiconductors, compound semiconductors, data-storage devices and other advanced electronic materials. Its systems are designed to support critical steps in manufacturing, including deposition, etching, annealing and lithography-related processes.
The company’s product portfolio includes metal-organic chemical vapor deposition systems, molecular beam epitaxy systems, ion beam etch and deposition equipment, laser annealing systems, and other specialized process tools.
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