Veeco Instruments Inc. (NASDAQ:VECO) Stock Has Consensus Target Price of $61.33

Shares of Veeco Instruments Inc. (NASDAQ:VECO) have received an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $61.33.

A number of brokerages have issued reports on VECO. Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings cut Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Northland Securities upgraded Veeco Instruments from a “market perform” rating to an “outperform” rating and set a $66.00 price objective for the company in a research report on Monday, September 21st. Citigroup raised their target price on shares of Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Wall Street Zen upgraded Veeco Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 12th.

Insider Transactions at Veeco Instruments

In related news, CFO John P. Kiernan sold 35,000 shares of Veeco Instruments stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $51.05, for a total transaction of $1,786,750.00. Following the completion of the transaction, the chief financial officer owned 68,802 shares in the company, valued at approximately $3,512,342.10. This trade represents a 33.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Miller sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $54.18, for a total value of $10,836,000.00. Following the transaction, the chief executive officer directly owned 169,570 shares in the company, valued at $9,187,302.60. The trade was a 54.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Veeco Instruments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VECO. Louisiana State Employees Retirement System bought a new position in shares of Veeco Instruments in the first quarter valued at about $904,000. Sei Investments Co. boosted its holdings in shares of Veeco Instruments by 210.9% during the 1st quarter. Sei Investments Co. now owns 73,163 shares of the semiconductor company’s stock worth $2,477,000 after buying an additional 49,631 shares during the period. Rokos Capital Management LLP acquired a new position in Veeco Instruments in the 1st quarter valued at about $3,228,000. Dimensional Fund Advisors LP grew its stake in Veeco Instruments by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,374,292 shares of the semiconductor company’s stock valued at $80,391,000 after buying an additional 68,780 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Veeco Instruments by 14.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 114,390 shares of the semiconductor company’s stock valued at $3,873,000 after acquiring an additional 14,500 shares during the period. 98.46% of the stock is owned by institutional investors.

Veeco Instruments Stock Up 4.7%

Shares of NASDAQ:VECO opened at $51.37 on Friday. The firm has a market cap of $3.14 billion, a P/E ratio of 142.69 and a beta of 1.37. The company has a quick ratio of 2.69, a current ratio of 3.93 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $47.48 and its two-hundred day moving average price is $51.31. Veeco Instruments has a 12 month low of $26.00 and a 12 month high of $86.63.

Veeco Instruments (NASDAQ:VECO) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $193.48 million during the quarter, compared to the consensus estimate of $180.08 million. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. 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, research analysts forecast that Veeco Instruments will post 0.95 EPS for the current fiscal year.

About Veeco Instruments

Veeco Instruments Inc develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic components. Its systems support processes such as thin-film deposition, etching, lithography-related applications, and thermal processing, helping manufacturers create and refine microscopic structures on wafers and other materials.

The company’s product portfolio includes metal-organic chemical vapor deposition systems for compound semiconductors, ion beam etch and deposition equipment, laser annealing systems, and other wafer-processing technologies.