Veeco Instruments Inc. (NASDAQ:VECO) Given Average Recommendation of “Hold” by Analysts

Veeco Instruments Inc. (NASDAQ:VECO) has been given a consensus rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $40.60.

A number of brokerages have issued reports on VECO. Zacks Research raised shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Barclays lifted their target price on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Citigroup lifted their target price on shares of Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th.

Insider Activity at Veeco Instruments

In other Veeco Instruments news, SVP Susan Wilkerson sold 35,723 shares of Veeco Instruments stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $61.69, for a total value of $2,203,751.87. Following the completion of the transaction, the senior vice president directly owned 42,974 shares of the company’s stock, valued at approximately $2,651,066.06. The trade was a 45.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William John Miller sold 100,000 shares of Veeco Instruments stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $59.55, for a total transaction of $5,955,000.00. Following the completion of the transaction, the chief executive officer directly owned 419,570 shares of the company’s stock, valued at $24,985,393.50. This trade represents a 19.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 339,055 shares of company stock worth $20,705,270 over the last 90 days. 2.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. New York Life Investment Management LLC purchased a new position in shares of Veeco Instruments during the fourth quarter valued at approximately $1,808,000. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Veeco Instruments during the fourth quarter valued at approximately $1,572,000. Fisher Asset Management LLC raised its holdings in shares of Veeco Instruments by 37.4% during the fourth quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock valued at $52,026,000 after purchasing an additional 495,767 shares during the last quarter. Victory Capital Management Inc. raised its holdings 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 purchasing an additional 74,106 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings 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 purchasing an additional 62,016 shares during the last quarter. 98.46% of the stock is owned by hedge funds and other institutional investors.

Veeco Instruments Price Performance

Shares of NASDAQ:VECO opened at $79.65 on Tuesday. The stock has a market cap of $4.86 billion, a PE ratio of 209.61 and a beta of 1.39. The company’s fifty day moving average is $57.62 and its 200 day moving average is $40.75. Veeco Instruments has a 52 week low of $19.29 and a 52 week high of $86.63. The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26.

Veeco Instruments (NASDAQ:VECO) last issued its earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The business had revenue of $158.34 million during the quarter, compared to analysts’ expectations of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.Veeco Instruments’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Research analysts anticipate that Veeco Instruments will post 1.1 earnings per share for the current year.

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.