Insider Selling: Veeco Instruments (NASDAQ:VECO) Director Sells 7,746 Shares of Stock

Veeco Instruments Inc. (NASDAQ:VECO) Director Gordon Hunter sold 7,746 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $58.76, for a total transaction of $455,154.96. Following the sale, the director owned 82,208 shares of the company’s stock, valued at $4,830,542.08. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Veeco Instruments Stock Performance

NASDAQ VECO traded up $1.80 during trading hours on Monday, reaching $61.22. 2,039,460 shares of the company were exchanged, compared to its average volume of 1,159,502. Veeco Instruments Inc. has a 1 year low of $18.85 and a 1 year high of $65.43. The business’s 50 day simple moving average is $38.26 and its 200-day simple moving average is $33.22. 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 capitalization of $3.74 billion, a P/E ratio of 161.11 and a beta of 1.36.

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 analysts’ consensus estimates of $0.20 by ($0.06). Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The company had revenue of $158.34 million for the quarter, compared to analysts’ expectations of $160.07 million. During the same quarter last year, the business posted $0.37 EPS. The business’s quarterly revenue was down 5.4% on a year-over-year basis. 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, equities research analysts expect that Veeco Instruments Inc. will post 1.04 earnings per share for the current year.

Hedge Funds Weigh In On Veeco Instruments

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its position in Veeco Instruments by 75.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 1,019 shares during the period. Rockefeller Capital Management L.P. boosted its position in Veeco Instruments by 125.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 1,370 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Veeco Instruments during the fourth quarter worth about $77,000. Johnson Financial Group Inc. bought a new position in Veeco Instruments during the third quarter worth about $91,000. Finally, Global Retirement Partners LLC boosted its position in Veeco Instruments by 16,961.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,583 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 3,562 shares during the period. Institutional investors own 98.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on VECO shares. Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Citigroup raised their price objective on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Zacks Research lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings lowered shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $37.00.

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.