Veeco Instruments Inc. (NASDAQ:VECO) Stock Rated “Hold” by Sell-Side Analysts

Shares of Veeco Instruments Inc. (NASDAQ:VECO) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $52.00.

VECO has been the subject of a number of research reports. Weiss Ratings cut Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Citigroup boosted their target price on Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Northland Securities upgraded Veeco Instruments from a “market perform” rating to an “outperform” rating and set a $66.00 target price for the company in a research report on Monday, September 21st. Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Wall Street Zen upgraded shares of Veeco Instruments from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 12th.

Veeco Instruments Stock Up 2.2%

Veeco Instruments stock opened at $42.06 on Tuesday. The firm’s 50-day simple moving average is $46.77 and its 200 day simple moving average is $53.19. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.69 and a current ratio of 3.93. Veeco Instruments has a fifty-two week low of $26.00 and a fifty-two week high of $86.63. The stock has a market cap of $2.57 billion, a PE ratio of 116.83 and a beta of 1.36.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $193.48 million for the quarter, compared to analysts’ expectations of $180.08 million. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS. Veeco Instruments has set its FY 2026 guidance at 1.360-1.610 EPS and its Q3 2026 guidance at 0.350-0.490 EPS. Research analysts predict that Veeco Instruments will post 0.95 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO John P. Kiernan sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $51.05, for a total transaction of $1,786,750.00. Following the completion of the sale, the chief financial officer owned 68,802 shares of the company’s stock, valued at $3,512,342.10. This trade represents a 33.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Miller sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $54.18, for a total transaction of $10,836,000.00. Following the sale, the chief executive officer directly owned 169,570 shares of the company’s stock, valued at $9,187,302.60. This trade represents a 54.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Tema ETFs LLC bought a new position in Veeco Instruments during the second quarter valued at approximately $33,000. Allworth Financial LP purchased a new stake in shares of Veeco Instruments during the 2nd quarter worth approximately $39,000. Nykredit A S purchased a new stake in Veeco Instruments during the second quarter valued at $49,000. Quantbot Technologies LP bought a new stake in shares of Veeco Instruments in the 2nd quarter worth about $69,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Veeco Instruments in the 2nd quarter worth about $146,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

About Veeco Instruments

Veeco Instruments Inc (NASDAQ: VECO) develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic devices. Its systems help customers deposit, etch, pattern, anneal and otherwise process thin films and materials at the wafer level.

The company’s product portfolio includes metal-organic chemical vapor deposition systems, molecular beam epitaxy equipment, ion beam etch and deposition systems, laser annealing systems, and related process-control and automation technologies.