Veeco Instruments (NASDAQ:VECO) CEO William John Miller Sells 200,000 Shares

Veeco Instruments Inc. (NASDAQ:VECO) CEO William John Miller sold 200,000 shares of Veeco Instruments stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $54.18, for a total transaction of $10,836,000.00. Following the transaction, the chief executive officer owned 169,570 shares of the company’s stock, valued at approximately $9,187,302.60. The trade was a 54.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

William John Miller also recently made the following trade(s):

• On Tuesday, June 2nd, William John Miller sold 50,000 shares of Veeco Instruments stock. The shares were sold at an average price of $58.62, for a total transaction of $2,931,000.00.

Veeco Instruments Price Performance

Shares of VECO stock traded down $3.49 during trading hours on Wednesday, hitting $47.42. The company’s stock had a trading volume of 1,147,009 shares, compared to its average volume of 1,225,800. The company has a current ratio of 3.93, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $59.83 and a 200-day moving average of $48.35. Veeco Instruments Inc. has a twelve month low of $23.31 and a twelve month high of $86.63. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 131.72 and a beta of 1.38.

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 the consensus estimate of $0.26 by $0.07. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The firm had revenue of $193.48 million during the quarter, compared to the consensus estimate of $180.08 million. During the same period in the previous year, the firm posted $0.20 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. 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. As a group, equities research analysts anticipate that Veeco Instruments Inc. will post 0.95 EPS for the current year.

Analyst Upgrades and Downgrades

VECO has been the subject of a number of analyst reports. Citigroup boosted their price target on Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Barclays lifted 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. Weiss Ratings raised shares of Veeco Instruments from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Veeco Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Veeco Instruments currently has an average rating of “Hold” and an average target price of $49.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VECO. Wellington Management Group LLP purchased a new position in shares of Veeco Instruments during the 2nd quarter worth about $57,727,000. Equitable Holdings Inc. purchased a new position in Veeco Instruments during the second quarter worth approximately $2,079,000. Public Employees Retirement System of Ohio acquired a new position in shares of Veeco Instruments in the 2nd quarter valued at $3,577,000. Corient Private Wealth LP purchased a new stake in shares of Veeco Instruments during the 2nd quarter valued at $281,000. Finally, Atreides Management LP purchased a new stake in shares of Veeco Instruments during the 2nd quarter valued at $18,034,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

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.