Veeco Instruments Inc. (NASDAQ:VECO – Get Free Report) Director Gordon Hunter sold 29,532 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $59.41, for a total transaction of $1,754,496.12. Following the transaction, the director owned 52,676 shares of the company’s stock, valued at approximately $3,129,481.16. This trade represents a 35.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Gordon Hunter also recently made the following trade(s):
- On Friday, May 8th, Gordon Hunter sold 7,746 shares of Veeco Instruments stock. The shares were sold at an average price of $58.76, for a total transaction of $455,154.96.
Veeco Instruments Stock Performance
NASDAQ:VECO opened at $59.51 on Friday. Veeco Instruments Inc. has a twelve month low of $18.85 and a twelve month high of $65.43. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $41.21 and a 200-day moving average of $34.32. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 156.61 and a beta of 1.36.
More Veeco Instruments News
Here are the key news stories impacting Veeco Instruments this week:
- Positive Sentiment: Northland Securities sharply raised its profit outlook for Veeco Instruments, boosting estimates across multiple periods, including FY2026 EPS to $1.10 and FY2027 EPS to $2.69, which suggests analysts see a stronger earnings trajectory ahead. Source
- Positive Sentiment: Another report highlighted a higher price target for Veeco Instruments, reinforcing the view that Wall Street is becoming more constructive on the semiconductor equipment maker’s growth and profitability potential. Source
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Citigroup raised their target price on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.00.
Read Our Latest Stock Report on VECO
Institutional Trading of Veeco Instruments
Several institutional investors have recently made changes to their positions in the stock. Caxton Associates LLP acquired a new stake in shares of Veeco Instruments during the first quarter worth approximately $564,000. Sei Investments Co. boosted its holdings in shares of Veeco Instruments by 210.9% during the first quarter. Sei Investments Co. now owns 73,163 shares of the semiconductor company’s stock worth $2,477,000 after purchasing an additional 49,631 shares during the period. Walleye Capital LLC acquired a new stake in shares of Veeco Instruments during the first quarter worth approximately $562,000. First Trust Advisors LP boosted its holdings in shares of Veeco Instruments by 5.8% during the first quarter. First Trust Advisors LP now owns 54,040 shares of the semiconductor company’s stock worth $1,830,000 after purchasing an additional 2,959 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Veeco Instruments by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,374,292 shares of the semiconductor company’s stock worth $80,391,000 after purchasing an additional 68,780 shares during the period. 98.46% of the stock is currently owned by institutional investors and hedge funds.
About Veeco Instruments
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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