Susan Wilkerson Sells 35,723 Shares of Veeco Instruments (NASDAQ:VECO) Stock

Veeco Instruments Inc. (NASDAQ:VECO) SVP Susan Wilkerson sold 35,723 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $61.69, for a total value of $2,203,751.87. Following the completion of the sale, the senior vice president directly owned 42,974 shares of the company’s stock, valued at $2,651,066.06. This trade represents a 45.39% 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.

Veeco Instruments Trading Down 3.6%

Shares of VECO traded down $2.24 during midday trading on Wednesday, reaching $60.24. The company had a trading volume of 1,107,244 shares, compared to its average volume of 1,160,416. The firm has a 50 day simple moving average of $45.49 and a 200-day simple moving average of $35.95. 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 $3.68 billion, a PE ratio of 158.53 and a beta of 1.36. Veeco Instruments Inc. has a 1-year low of $19.04 and a 1-year high of $65.43.

Veeco Instruments (NASDAQ:VECO) last issued 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). The business had revenue of $158.34 million for the quarter, compared to analyst estimates of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 earnings per share. 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 forecast that Veeco Instruments Inc. will post 1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VECO has been the subject of a number of recent analyst reports. Zacks Research downgraded Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Barclays raised their price objective on Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Citigroup raised their price objective on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings cut Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Veeco Instruments currently has a consensus rating of “Hold” and a consensus price target of $40.60.

Hedge Funds Weigh In On Veeco Instruments

Hedge funds and other institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of Veeco Instruments by 75.6% during the 2nd 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 last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Veeco Instruments by 125.6% during the 4th 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 last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Veeco Instruments during the 4th quarter worth $77,000. Johnson Financial Group Inc. purchased a new stake in shares of Veeco Instruments during the 3rd quarter worth $91,000. Finally, Global Retirement Partners LLC lifted its position in shares of Veeco Instruments by 16,961.9% during the 4th 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 last quarter. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Veeco Instruments Company Profile

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.