Insider Selling: Veeco Instruments (NASDAQ:VECO) CEO Sells 50,000 Shares of Stock

Veeco Instruments Inc. (NASDAQ:VECO) CEO William John Miller sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $58.62, for a total value of $2,931,000.00. Following the transaction, the chief executive officer directly owned 369,570 shares in the company, valued at $21,664,193.40. The trade was a 11.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 7th, William John Miller sold 100,000 shares of Veeco Instruments stock. The stock was sold at an average price of $59.55, for a total value of $5,955,000.00.

Veeco Instruments Stock Performance

Shares of VECO stock traded up $3.67 during trading on Tuesday, reaching $60.91. 627,935 shares of the company’s stock were exchanged, compared to its average volume of 1,575,464. 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 $3.72 billion, a PE ratio of 153.48 and a beta of 1.39. Veeco Instruments Inc. has a twelve month low of $19.04 and a twelve month high of $65.43. The firm’s fifty day moving average price is $47.68 and its 200-day moving average price is $36.74.

Veeco Instruments (NASDAQ:VECO) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share 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 was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, sell-side analysts anticipate that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Old West Investment Management LLC lifted its position in shares of Veeco Instruments by 129.1% during the 3rd quarter. Old West Investment Management LLC now owns 67,632 shares of the semiconductor company’s stock valued at $2,058,000 after acquiring an additional 38,114 shares during the period. New York Life Investment Management LLC bought a new stake in shares of Veeco Instruments during the 4th quarter valued at $1,808,000. Fisher Asset Management LLC lifted its position in shares of Veeco Instruments by 32.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,324,590 shares of the semiconductor company’s stock valued at $40,307,000 after acquiring an additional 325,357 shares during the period. Victory Capital Management Inc. lifted its position in shares of Veeco Instruments by 11.0% during the 3rd quarter. Victory Capital Management Inc. now owns 746,429 shares of the semiconductor company’s stock valued at $22,714,000 after acquiring an additional 74,106 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Veeco Instruments by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,663,310 shares of the semiconductor company’s stock valued at $233,195,000 after acquiring an additional 62,016 shares during the period. 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.