Veeco Instruments Inc. (NASDAQ:VECO) Receives $28.57 Average Target Price from Analysts

Shares of Veeco Instruments Inc. (NASDAQ:VECO) have received an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $28.5714.

Several analysts have commented on VECO shares. Needham & Company LLC lowered shares of Veeco Instruments from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Veeco Instruments in a research note on Wednesday. Citigroup increased their target price on shares of Veeco Instruments from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Finally, Northland Securities lowered shares of Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price target on the stock. in a report on Tuesday, October 7th.

Veeco Instruments Stock Down 3.7%

Veeco Instruments stock opened at $32.35 on Friday. 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 has a market cap of $1.95 billion, a P/E ratio of 38.98 and a beta of 1.17. The business has a fifty day moving average of $30.59 and a two-hundred day moving average of $27.60. Veeco Instruments has a twelve month low of $16.92 and a twelve month high of $35.77.

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

Insiders Place Their Bets

In related news, CEO William John Miller sold 25,000 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $32.00, for a total transaction of $800,000.00. Following the transaction, the chief executive officer directly owned 464,543 shares of the company’s stock, valued at $14,865,376. This represents a 5.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Veeco Instruments

A number of large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its position in shares of Veeco Instruments by 75.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 1,019 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Veeco Instruments by 49,728.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,488 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 3,481 shares in the last quarter. Signaturefd LLC increased its stake in Veeco Instruments by 42.2% during the 2nd quarter. Signaturefd LLC now owns 4,465 shares of the semiconductor company’s stock valued at $91,000 after purchasing an additional 1,326 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Veeco Instruments in the third quarter worth $91,000. Finally, CWM LLC raised its holdings in shares of Veeco Instruments by 329.7% in the second quarter. CWM LLC now owns 4,632 shares of the semiconductor company’s stock worth $94,000 after buying an additional 3,554 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

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.