Veeco Instruments Inc. (NASDAQ:VECO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Veeco Instruments Inc. (NASDAQ:VECO) have been given an average recommendation of “Hold” by the seven research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $40.60.

Several research firms have recently commented on VECO. Citigroup boosted their price target on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings upgraded shares of Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. Wall Street Zen raised shares of Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Finally, Barclays raised their price target on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th.

Insiders Place Their Bets

In other news, SVP Susan Wilkerson sold 35,723 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $61.69, for a total transaction of $2,203,751.87. Following the completion of the sale, the senior vice president owned 42,974 shares in the company, valued at approximately $2,651,066.06. This represents a 45.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Adrian Devasahayam sold 10,000 shares of the business’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 owned 85,115 shares in the company, valued at approximately $5,532,475. This trade represents a 10.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 339,055 shares of company stock valued at $20,705,270. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Veeco Instruments

Several hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP raised its position in shares of Veeco Instruments by 4.9% in the 2nd quarter. Wasatch Advisors LP now owns 3,396,804 shares of the semiconductor company’s stock valued at $69,023,000 after purchasing an additional 157,978 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Veeco Instruments by 9.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,215,031 shares of the semiconductor company’s stock worth $65,329,000 after purchasing an additional 284,716 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Veeco Instruments by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,481,803 shares of the semiconductor company’s stock valued at $75,521,000 after purchasing an additional 26,248 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in Veeco Instruments by 1.3% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,410,000 shares of the semiconductor company’s stock valued at $48,971,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Veeco Instruments by 37.4% in the fourth quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock worth $52,026,000 after buying an additional 495,767 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Veeco Instruments Stock Down 0.1%

Shares of NASDAQ VECO traded down $0.05 during midday trading on Friday, reaching $57.40. 550,443 shares of the company’s stock traded hands, compared to its average volume of 1,656,715. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 151.06 and a beta of 1.34. The stock’s 50 day simple moving average is $63.56 and its 200-day simple moving average is $44.35. 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 has a one year low of $19.29 and a one year high of $86.63.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data 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 the consensus estimate of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the firm 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. On average, analysts predict that Veeco Instruments will post 1.1 EPS for the current fiscal 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.