Veeco Instruments (NASDAQ:VECO) Price Target Raised to $36.00

Veeco Instruments (NASDAQ:VECO) had its price objective raised by Citigroup from $29.00 to $36.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Citigroup’s price target suggests a potential upside of 18.66% from the stock’s current price.

A number of other analysts have also issued reports on VECO. Needham & Company LLC lowered Veeco Instruments from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Northland Capmk lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Benchmark reduced their target price on shares of Veeco Instruments from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Veeco Instruments in a research report on Wednesday, October 8th. Finally, Northland Securities cut shares of Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price objective for the company. in a research note on Tuesday, October 7th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.57.

Veeco Instruments Price Performance

Shares of NASDAQ:VECO traded down $0.23 during midday trading on Wednesday, reaching $30.34. 768,775 shares of the company’s stock traded hands, compared to its average volume of 822,837. The company has a fifty day simple moving average of $28.66 and a two-hundred day simple moving average of $23.84. Veeco Instruments has a 1 year low of $16.92 and a 1 year high of $34.45. The company has a market cap of $1.83 billion, a P/E ratio of 29.75 and a beta of 1.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.43 and a current ratio of 5.10.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. The business had revenue of $165.88 million for the quarter, compared to the consensus estimate of $160.49 million. Veeco Instruments had a net margin of 8.65% and a return on equity of 7.38%. The company’s revenue was down 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. Veeco Instruments has set its Q4 2025 guidance at 0.160-0.320 EPS. Equities analysts predict that Veeco Instruments will post 0.76 EPS for the current fiscal year.

Insider Activity at Veeco Instruments

In related news, CEO William John Miller sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $32.00, for a total value of $800,000.00. Following the transaction, the chief executive officer directly owned 514,543 shares in the company, valued at approximately $16,465,376. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Adrian Devasahayam sold 3,851 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $34.00, for a total value of $130,934.00. Following the completion of the transaction, the senior vice president owned 78,269 shares of the company’s stock, valued at $2,661,146. The trade was a 4.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 61,911 shares of company stock worth $1,781,550. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SG Capital Management LLC acquired a new position in shares of Veeco Instruments in the 2nd quarter worth approximately $16,421,000. Federated Hermes Inc. raised its position in Veeco Instruments by 262.1% in the second quarter. Federated Hermes Inc. now owns 1,068,950 shares of the semiconductor company’s stock valued at $21,721,000 after purchasing an additional 773,763 shares during the period. American Century Companies Inc. lifted its stake in Veeco Instruments by 920.1% during the third quarter. American Century Companies Inc. now owns 676,502 shares of the semiconductor company’s stock worth $20,586,000 after purchasing an additional 610,187 shares in the last quarter. Paradigm Capital Management Inc. NY boosted its position in shares of Veeco Instruments by 20.0% during the first quarter. Paradigm Capital Management Inc. NY now owns 2,380,000 shares of the semiconductor company’s stock worth $47,790,000 after buying an additional 397,200 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Veeco Instruments by 152.3% during the third quarter. Segall Bryant & Hamill LLC now owns 573,764 shares of the semiconductor company’s stock worth $17,460,000 after buying an additional 346,340 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

Veeco Instruments Company Profile

Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems.