Veeco Instruments Inc. (NASDAQ:VECO) Given Consensus Rating of “Hold” by Brokerages

Veeco Instruments Inc. (NASDAQ:VECO) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $40.60.

A number of equities research analysts have recently commented on the company. Wall Street Zen raised Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Citigroup increased their target price on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Barclays raised their target price on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Weiss Ratings raised shares of Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 30th. Finally, Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th.

Insiders Place Their Bets

In other Veeco Instruments news, SVP Susan Wilkerson sold 15,506 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $69.56, for a total transaction of $1,078,597.36. Following the completion of the transaction, the senior vice president owned 27,468 shares in the company, valued at approximately $1,910,674.08. This represents a 36.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard A. Damore sold 43,701 shares of Veeco Instruments stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $60.71, for a total value of $2,653,087.71. Following the completion of the sale, the director directly owned 112,594 shares in the company, valued at $6,835,581.74. This represents a 27.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 339,055 shares of company stock worth $20,705,270 in the last ninety days. 2.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Veeco Instruments by 29.6% during the first quarter. Royal Bank of Canada now owns 134,088 shares of the semiconductor company’s stock worth $2,692,000 after buying an additional 30,646 shares in the last quarter. AQR Capital Management LLC lifted its stake in Veeco Instruments by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company’s stock valued at $598,000 after acquiring an additional 10,122 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Veeco Instruments by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company’s stock worth $664,000 after acquiring an additional 1,434 shares during the last quarter. Millennium Management LLC boosted its position in Veeco Instruments by 148.0% during the 1st quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company’s stock worth $9,526,000 after acquiring an additional 283,099 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in Veeco Instruments during the 1st quarter worth approximately $618,000. 98.46% of the stock is owned by institutional investors and hedge funds.

Veeco Instruments Price Performance

VECO opened at $54.36 on Friday. The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26. Veeco Instruments has a 12 month low of $19.29 and a 12 month high of $86.63. The company has a fifty day simple moving average of $63.67 and a 200 day simple moving average of $45.22. The stock has a market cap of $3.32 billion, a P/E ratio of 143.06 and a beta of 1.34.

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 the consensus estimate of $0.20 by ($0.06). Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The business had revenue of $158.34 million for the quarter, compared to the consensus estimate of $160.07 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The business’s 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, research analysts expect that Veeco Instruments will post 1.1 EPS for the current year.

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.