Northland Securities upgraded shares of Veeco Instruments (NASDAQ:VECO – Free Report) from a market perform rating to an outperform rating in a research note published on Monday morning, MarketBeat Ratings reports. They currently have $66.00 price target on the semiconductor company’s stock. Northland Securities also issued estimates for Veeco Instruments’ Q1 2027 earnings at $0.42 EPS, Q3 2027 earnings at $0.58 EPS and Q4 2027 earnings at $0.70 EPS.
Other research analysts have also issued research reports about the stock. 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 downgraded Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Citigroup lifted their target price on Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Veeco Instruments currently has an average rating of “Hold” and an average price target of $61.33.
Check Out Our Latest Research Report on Veeco Instruments
Veeco Instruments Trading Up 3.5%
Veeco Instruments (NASDAQ:VECO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The company had revenue of $193.48 million for the quarter, compared to analysts’ expectations of $180.08 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s revenue was up 16.5% compared to the same quarter last year. 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. On average, sell-side analysts expect that Veeco Instruments will post 0.95 earnings per share for the current fiscal year.
Insider Activity at Veeco Instruments
In other Veeco Instruments news, CFO John P. Kiernan sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were 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 in the company, valued at approximately $3,512,342.10. This represents a 33.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Miller sold 200,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $54.18, for a total transaction of $10,836,000.00. Following the completion of the transaction, the chief executive officer directly owned 169,570 shares in the company, valued at $9,187,302.60. This trade represents a 54.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.70% of the company’s stock.
Institutional Investors Weigh In On Veeco Instruments
Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Veeco Instruments in the 2nd quarter valued at approximately $728,127,000. Paradigm Capital Management Inc. NY bought a new position in Veeco Instruments during the second quarter valued at approximately $156,557,000. The Manufacturers Life Insurance Company acquired a new stake in Veeco Instruments in the second quarter valued at approximately $134,434,000. Dimensional Fund Advisors LP lifted 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 last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Veeco Instruments in the second quarter worth approximately $65,836,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.
About Veeco Instruments
Veeco Instruments Inc develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic components. Its systems support processes such as thin-film deposition, etching, lithography-related applications, and thermal processing, helping manufacturers create and refine microscopic structures on wafers and other materials.
The company’s product portfolio includes metal-organic chemical vapor deposition systems for compound semiconductors, ion beam etch and deposition equipment, laser annealing systems, and other wafer-processing technologies.
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