Zacks Research upgraded shares of Veeco Instruments (NASDAQ:VECO – Free Report) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.
VECO has been the topic of several other research reports. Citigroup boosted their price objective on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Barclays boosted their price objective on Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Weiss Ratings downgraded Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.60.
Read Our Latest Report on Veeco Instruments
Veeco Instruments Price Performance
Veeco Instruments (NASDAQ:VECO – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $160.07 million. During the same quarter last year, the firm posted $0.37 earnings per share. Veeco Instruments’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. As a group, sell-side analysts anticipate that Veeco Instruments will post 1.1 EPS for the current fiscal year.
Insider Activity
In other Veeco Instruments news, Director Gordon Hunter sold 29,532 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $59.41, for a total transaction of $1,754,496.12. Following the sale, the director owned 52,676 shares in the company, valued at approximately $3,129,481.16. The trade was a 35.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William John Miller sold 100,000 shares of Veeco Instruments stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $59.55, for a total value of $5,955,000.00. Following the transaction, the chief executive officer directly owned 419,570 shares in the company, valued at approximately $24,985,393.50. This trade represents a 19.25% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 272,109 shares of company stock worth $14,936,860. 2.70% of the stock is owned by company insiders.
Hedge Funds Weigh In On Veeco Instruments
Several institutional investors and hedge funds have recently bought and sold shares of VECO. Old West Investment Management LLC grew its stake in shares of Veeco Instruments by 129.1% in the 3rd quarter. Old West Investment Management LLC now owns 67,632 shares of the semiconductor company’s stock valued at $2,058,000 after buying an additional 38,114 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Veeco Instruments by 32.6% in the 3rd quarter. Fisher Asset Management LLC now owns 1,324,590 shares of the semiconductor company’s stock valued at $40,307,000 after buying an additional 325,357 shares in the last quarter. New York Life Investment Management LLC bought a new stake in shares of Veeco Instruments in the 4th quarter valued at approximately $1,808,000. Victory Capital Management Inc. grew its stake in shares of Veeco Instruments by 11.0% in the 3rd quarter. Victory Capital Management Inc. now owns 746,429 shares of the semiconductor company’s stock valued at $22,714,000 after buying an additional 74,106 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Veeco Instruments by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,663,310 shares of the semiconductor company’s stock valued at $233,195,000 after buying an additional 62,016 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.
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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