William John Miller Sells 50,000 Shares of Veeco Instruments (NASDAQ:VECO) Stock

Veeco Instruments Inc. (NASDAQ:VECO) CEO William John Miller sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $58.62, for a total value of $2,931,000.00. Following the completion of the sale, the chief executive officer owned 369,570 shares in the company, valued at $21,664,193.40. The trade was a 11.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

William John Miller also recently made the following trade(s):

• On Thursday, May 7th, William John Miller sold 100,000 shares of Veeco Instruments stock. The shares were sold at an average price of $59.55, for a total value of $5,955,000.00.

Veeco Instruments Stock Up 6.4%

NASDAQ VECO traded up $3.67 during trading on Tuesday, hitting $60.91. The stock had a trading volume of 627,935 shares, compared to its average volume of 1,575,464. The company has a market capitalization of $3.72 billion, a PE ratio of 153.48 and a beta of 1.39. The company’s 50-day moving average price is $47.68 and its two-hundred day moving average price is $36.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.86 and a current ratio of 4.23. Veeco Instruments Inc. has a 12 month low of $19.04 and a 12 month high of $65.43.

Veeco Instruments (NASDAQ:VECO) last released its earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $158.34 million during the quarter, compared to the consensus estimate of $160.07 million. Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, sell-side analysts forecast that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VECO shares. Barclays upped their price objective on Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Zacks Research upgraded Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Weiss Ratings cut Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Citigroup upped their price objective on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research note 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.60.

Institutional Investors Weigh In On Veeco Instruments

A number of institutional investors and hedge funds have recently made changes to their positions in VECO. Magnetar Financial LLC bought a new stake in shares of Veeco Instruments during the 4th quarter worth approximately $48,342,000. American Century Companies Inc. increased its holdings in shares of Veeco Instruments by 920.1% during 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. Fisher Asset Management LLC increased its holdings in shares of Veeco Instruments by 37.4% during the 4th quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock worth $52,026,000 after acquiring an additional 495,767 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Veeco Instruments by 1,164.3% during the 4th quarter. Millennium Management LLC now owns 477,386 shares of the semiconductor company’s stock worth $13,644,000 after acquiring an additional 439,628 shares during the last quarter. Finally, AQR Arbitrage LLC acquired a new position in shares of Veeco Instruments during the 4th quarter worth approximately $11,648,000. Institutional investors own 98.46% of the company’s stock.

About Veeco Instruments

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.