Veeco Instruments (NASDAQ:VECO) SVP Adrian Devasahayam Sells 5,407 Shares

Veeco Instruments Inc. (NASDAQ:VECO) SVP Adrian Devasahayam sold 5,407 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $61.84, for a total value of $334,368.88. Following the completion of the sale, the senior vice president owned 95,115 shares of the company’s stock, valued at approximately $5,881,911.60. This represents a 5.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Veeco Instruments Stock Down 3.6%

NASDAQ VECO traded down $2.24 during trading hours on Wednesday, hitting $60.24. The company had a trading volume of 1,107,244 shares, compared to its average volume of 1,160,416. Veeco Instruments Inc. has a fifty-two week low of $19.04 and a fifty-two week high of $65.43. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 158.53 and a beta of 1.36. 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 firm’s 50 day moving average is $45.49 and its 200 day moving average is $35.95.

Veeco Instruments (NASDAQ:VECO) last announced 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). Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The company had revenue of $158.34 million during the quarter, compared to analyst estimates of $160.07 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. 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. Sell-side analysts anticipate that Veeco Instruments Inc. will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays increased their price target on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Weiss Ratings downgraded Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Zacks Research downgraded Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Citigroup raised their target price on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.60.

Institutional Trading of Veeco Instruments

Large investors have recently modified their holdings of the business. Old West Investment Management LLC grew its stake in shares of Veeco Instruments by 129.1% during the third quarter. Old West Investment Management LLC now owns 67,632 shares of the semiconductor company’s stock valued at $2,058,000 after acquiring an additional 38,114 shares in the last quarter. Fisher Asset Management LLC grew its stake 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 acquiring an additional 325,357 shares in the last quarter. New York Life Investment Management LLC acquired a new stake in shares of Veeco Instruments during the fourth quarter valued at about $1,808,000. Victory Capital Management Inc. grew its stake in shares of Veeco Instruments by 11.0% during 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 in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Veeco Instruments by 0.8% during the third quarter. Vanguard Group Inc. now owns 7,663,310 shares of the semiconductor company’s stock valued at $233,195,000 after acquiring an additional 62,016 shares in the last quarter. 98.46% of the stock is currently 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.