Veeco Instruments Inc. (NASDAQ:VECO) Stock Rated “Hold” by Wall Street Analysts

Shares of Veeco Instruments Inc. (NASDAQ:VECO) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $52.00.

A number of analysts have recently issued reports on VECO shares. Northland Securities raised Veeco Instruments from a “market perform” rating to an “outperform” rating and set a $66.00 target price on the stock in a research report on Monday, September 21st. Wall Street Zen upgraded shares of Veeco Instruments from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 12th. Weiss Ratings downgraded shares of Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Zacks Research downgraded shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $24.00 price target on shares of Veeco Instruments in a report on Wednesday, October 14th.

Veeco Instruments Stock Up 1.1%

VECO opened at $42.54 on Tuesday. The firm has a 50 day moving average price of $46.73 and a 200 day moving average price of $46.63. Veeco Instruments has a 1 year low of $26.00 and a 1 year high of $86.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.69 and a current ratio of 3.93. The company has a market cap of $2.60 billion, a PE ratio of 118.17 and a beta of 1.36.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, beating 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 company had revenue of $193.48 million for the quarter, compared to analyst estimates of $180.08 million. During the same period last year, the company posted $0.20 earnings per share. The firm’s 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. Sell-side analysts expect that Veeco Instruments will post 0.95 earnings per share for the current year.

Insider Activity

In other Veeco Instruments news, CFO John P. Kiernan sold 35,000 shares of Veeco Instruments stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $51.05, for a total value of $1,786,750.00. Following the completion of the transaction, the chief financial officer directly owned 68,802 shares in the company, valued at $3,512,342.10. The trade was a 33.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Miller sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were 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 of the company’s stock, valued at $9,187,302.60. This trade represents a 54.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.70% of the stock is owned by corporate insiders.

Institutional Trading of Veeco Instruments

Several hedge funds have recently made changes to their positions in the stock. Tema ETFs LLC acquired a new position in Veeco Instruments during the 2nd quarter valued at approximately $33,000. Allworth Financial LP acquired a new stake in Veeco Instruments in the second quarter worth $39,000. Nykredit A S acquired a new stake in Veeco Instruments in the second quarter worth $49,000. Quantbot Technologies LP bought a new stake in Veeco Instruments in the second quarter valued at $69,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Veeco Instruments by 125.6% during the fourth 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 period. Institutional investors own 98.46% of the company’s stock.

Veeco Instruments Company Profile

Veeco Instruments Inc (NASDAQ: VECO) develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic devices. Its systems help customers deposit, etch, pattern, anneal and otherwise process thin films and materials at the wafer level.

The company’s product portfolio includes metal-organic chemical vapor deposition systems, molecular beam epitaxy equipment, ion beam etch and deposition systems, laser annealing systems, and related process-control and automation technologies.