Veeco Instruments (NASDAQ:VECO) Stock Price Down 5.1% – Should You Sell?

Veeco Instruments Inc. (NASDAQ:VECOGet Free Report)’s share price fell 5.1% during mid-day trading on Thursday . The stock traded as low as $67.00 and last traded at $66.9270. Approximately 115,146 shares were traded during trading, a decline of 91% from the average session volume of 1,281,204 shares. The stock had previously closed at $70.52.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings raised shares of Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. Zacks Research upgraded shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Barclays lifted their price target 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. Finally, Citigroup boosted their price target on shares of Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.60.

Read Our Latest Research Report on VECO

Veeco Instruments Stock Performance

The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 157.89 and a beta of 1.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86. The stock has a 50 day moving average price of $62.62 and a two-hundred day moving average price of $43.17.

Veeco Instruments (NASDAQ:VECOGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). The company had revenue of $158.34 million for the quarter, compared to analyst estimates of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.37 EPS. 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. On average, analysts predict that Veeco Instruments Inc. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO William John Miller sold 100,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $59.55, for a total transaction of $5,955,000.00. Following the sale, the chief executive officer directly owned 419,570 shares of the company’s stock, valued at $24,985,393.50. This represents a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Adrian Devasahayam sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $65.00, for a total transaction of $650,000.00. Following the completion of the sale, the senior vice president directly owned 85,115 shares of the company’s stock, valued at approximately $5,532,475. This represents a 10.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 339,055 shares of company stock valued at $20,705,270. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VECO. New York Life Investment Management LLC acquired a new stake in shares of Veeco Instruments in the 4th quarter valued at $1,808,000. Fisher Asset Management LLC lifted its stake in shares of Veeco Instruments by 37.4% during the fourth quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock valued at $52,026,000 after acquiring an additional 495,767 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Veeco Instruments during the fourth quarter valued at $1,572,000. Victory Capital Management Inc. boosted its holdings in Veeco Instruments by 11.0% in the third quarter. Victory Capital Management Inc. now owns 746,429 shares of the semiconductor company’s stock valued at $22,714,000 after acquiring an additional 74,106 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Veeco Instruments by 11.0% in the fourth quarter. UBS Group AG now owns 292,360 shares of the semiconductor company’s stock valued at $8,356,000 after acquiring an additional 28,967 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Veeco Instruments Company Profile

(Get Free Report)

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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