Veeco Instruments (NASDAQ:VECO) Reaches New 52-Week High – Here’s Why

Veeco Instruments Inc. (NASDAQ:VECO) reached a new 52-week high during trading on Monday . The company traded as high as $34.48 and last traded at $34.3350, with a volume of 339240 shares trading hands. The stock had previously closed at $33.11.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VECO. Northland Capmk lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Northland Securities lowered Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price objective for the company. in a report on Tuesday, October 7th. Needham & Company LLC cut Veeco Instruments from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Citigroup lifted their target price on Veeco Instruments from $29.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Veeco Instruments in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Veeco Instruments presently has an average rating of “Hold” and an average target price of $28.57.

Veeco Instruments Stock Up 2.2%

The company has a quick ratio of 3.62, a current ratio of 5.36 and a debt-to-equity ratio of 0.26. The firm’s 50 day simple moving average is $30.01 and its 200 day simple moving average is $26.91. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 40.76 and a beta of 1.17.

Veeco Instruments (NASDAQ:VECO) last posted its earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.28 by $0.08. The firm had revenue of $165.88 million for the quarter, compared to analysts’ expectations of $160.49 million. Veeco Instruments had a return on equity of 6.35% and a net margin of 7.23%.The firm’s revenue was down 10.2% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. Veeco Instruments has set its Q4 2025 guidance at 0.160-0.320 EPS. Sell-side analysts anticipate that Veeco Instruments Inc. will post 0.76 EPS for the current fiscal year.

Insider Transactions at Veeco Instruments

In other news, CEO William John Miller sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $32.00, for a total value of $800,000.00. Following the completion of the sale, the chief executive officer directly owned 464,543 shares of the company’s stock, valued at approximately $14,865,376. This represents a 5.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Veeco Instruments

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Capital Management LLC acquired a new position in Veeco Instruments in the second quarter worth approximately $16,421,000. Federated Hermes Inc. boosted its stake in shares of Veeco Instruments by 262.1% during the 2nd quarter. Federated Hermes Inc. now owns 1,068,950 shares of the semiconductor company’s stock worth $21,721,000 after acquiring an additional 773,763 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Veeco Instruments by 920.1% in the 3rd quarter. American Century Companies Inc. now owns 676,502 shares of the semiconductor company’s stock worth $20,586,000 after acquiring an additional 610,187 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Veeco Instruments by 152.3% during the third quarter. Segall Bryant & Hamill LLC now owns 573,764 shares of the semiconductor company’s stock worth $17,460,000 after purchasing an additional 346,340 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Veeco Instruments by 32.6% during the third quarter. Fisher Asset Management LLC now owns 1,324,590 shares of the semiconductor company’s stock valued at $40,307,000 after purchasing an additional 325,357 shares during the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

Veeco Instruments Company Profile

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.