Insider Selling: Veeco Instruments (NASDAQ:VECO) SVP Sells 10,000 Shares of Stock

Veeco Instruments Inc. (NASDAQ:VECO) SVP Adrian Devasahayam sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $65.00, for a total value of $650,000.00. Following the transaction, the senior vice president directly owned 85,115 shares of the company’s stock, valued at $5,532,475. The trade was a 10.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Adrian Devasahayam also recently made the following trade(s):

• On Tuesday, May 26th, Adrian Devasahayam sold 5,407 shares of Veeco Instruments stock. The stock was sold at an average price of $61.84, for a total value of $334,368.88.

Veeco Instruments Trading Down 1.8%

Shares of VECO stock traded down $1.19 during mid-day trading on Wednesday, hitting $66.00. 3,442,623 shares of the company’s stock were exchanged, compared to its average volume of 1,205,164. Veeco Instruments Inc. has a fifty-two week low of $19.29 and a fifty-two week high of $73.03. The stock has a 50-day simple moving average of $51.02 and a two-hundred day simple moving average of $38.15. The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 173.69 and a beta of 1.39.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings data 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 return on equity of 3.49% and a net margin of 3.53%.The business had revenue of $158.34 million for the quarter, compared to analyst estimates of $160.07 million. During the same quarter last year, the business earned $0.37 EPS. Veeco Instruments’s revenue for the quarter was down 5.4% compared to the same quarter last year. 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. Equities analysts expect that Veeco Instruments Inc. will post 1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Veeco Instruments

Several hedge funds have recently modified their holdings of VECO. Royal Bank of Canada increased its position in shares of Veeco Instruments by 29.6% during the 1st quarter. Royal Bank of Canada now owns 134,088 shares of the semiconductor company’s stock valued at $2,692,000 after purchasing an additional 30,646 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Veeco Instruments by 51.5% in the first quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 10,122 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Veeco Instruments by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company’s stock valued at $664,000 after purchasing an additional 1,434 shares during the period. Millennium Management LLC lifted its position in Veeco Instruments by 148.0% in the 1st quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company’s stock worth $9,526,000 after buying an additional 283,099 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of Veeco Instruments during the first quarter worth $618,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Zacks Research upgraded Veeco Instruments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Barclays boosted their price target 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. Citigroup boosted their price objective on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen raised Veeco Instruments to a “hold” rating in a report on Saturday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.60.

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.