Adrian Devasahayam Sells 5,407 Shares of Veeco Instruments (NASDAQ:VECO) Stock

Veeco Instruments Inc. (NASDAQ:VECO) SVP Adrian Devasahayam sold 5,407 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $61.84, for a total transaction of $334,368.88. Following the transaction, the senior vice president owned 95,115 shares of the company’s stock, valued at approximately $5,881,911.60. The trade was a 5.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Veeco Instruments Stock Down 1.8%

Shares of Veeco Instruments stock opened at $59.13 on Friday. The company has a market cap of $3.61 billion, a P/E ratio of 155.61 and a beta of 1.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.86 and a current ratio of 4.23. Veeco Instruments Inc. has a one year low of $19.04 and a one year high of $65.43. The firm has a fifty day moving average of $46.63 and a two-hundred day moving average of $36.37.

Veeco Instruments (NASDAQ:VECO) last announced 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 firm had revenue of $158.34 million for 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%.The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 forecast that Veeco Instruments Inc. will post 1.1 earnings per share for the current year.

Analyst Ratings Changes

VECO has been the topic of a number of analyst reports. Weiss Ratings downgraded Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Barclays lifted their price target on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Citigroup upped their price target on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Zacks Research raised shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.60.

Hedge Funds Weigh In On Veeco Instruments

A number of institutional investors and hedge funds have recently made changes to their positions in VECO. Smartleaf Asset Management LLC grew its stake in Veeco Instruments by 75.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 1,019 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Veeco Instruments by 125.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 1,370 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Veeco Instruments in the 4th quarter valued at about $77,000. Johnson Financial Group Inc. acquired a new stake in Veeco Instruments in the 3rd quarter valued at about $91,000. Finally, Global Retirement Partners LLC grew its stake in Veeco Instruments by 16,961.9% in the 4th quarter. Global Retirement Partners LLC now owns 3,583 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 3,562 shares during the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

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.