Gordon Hunter Sells 17,714 Shares of Veeco Instruments (NASDAQ:VECO) Stock

Veeco Instruments Inc. (NASDAQ:VECO) Director Gordon Hunter sold 17,714 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $61.61, for a total transaction of $1,091,359.54. Following the transaction, the director owned 34,962 shares in the company, valued at approximately $2,154,008.82. The trade was a 33.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Gordon Hunter also recently made the following trade(s):

• On Tuesday, May 12th, Gordon Hunter sold 29,532 shares of Veeco Instruments stock. The stock was sold at an average price of $59.41, for a total transaction of $1,754,496.12.
• On Friday, May 8th, Gordon Hunter sold 7,746 shares of Veeco Instruments stock. The stock was sold at an average price of $58.76, for a total transaction of $455,154.96.

Veeco Instruments Stock Performance

VECO opened at $57.64 on Friday. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average price is $47.17 and its two-hundred day moving average price is $36.52. Veeco Instruments Inc. has a 1-year low of $19.04 and a 1-year high of $65.43. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 151.69 and a beta of 1.36.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings data 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 analyst estimates of $160.07 million. During the same quarter in the previous year, the company posted $0.37 EPS. The business’s quarterly 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, analysts expect that Veeco Instruments Inc. will post 1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on VECO. Citigroup upped their price objective on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Barclays upped their price objective 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 downgraded shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Finally, Zacks Research upgraded shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $40.60.

Hedge Funds Weigh In On Veeco Instruments

Institutional investors have recently added to or reduced their stakes in the stock. Old West Investment Management LLC grew its position in Veeco Instruments by 129.1% during the third quarter. Old West Investment Management LLC now owns 67,632 shares of the semiconductor company’s stock valued at $2,058,000 after buying an additional 38,114 shares during the period. Fisher Asset Management LLC grew its position in Veeco Instruments by 32.6% during the third quarter. Fisher Asset Management LLC now owns 1,324,590 shares of the semiconductor company’s stock valued at $40,307,000 after buying an additional 325,357 shares during the period. New York Life Investment Management LLC bought a new position in Veeco Instruments during the fourth quarter valued at about $1,808,000. Victory Capital Management Inc. grew its position in Veeco Instruments by 11.0% during the third quarter. Victory Capital Management Inc. now owns 746,429 shares of the semiconductor company’s stock valued at $22,714,000 after buying an additional 74,106 shares during the period. Finally, Vanguard Group Inc. grew its position in Veeco Instruments by 0.8% during the third quarter. Vanguard Group Inc. now owns 7,663,310 shares of the semiconductor company’s stock valued at $233,195,000 after buying an additional 62,016 shares during the period. Institutional investors own 98.46% of the company’s stock.

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.