Veeco Instruments (NASDAQ:VECO) Trading Up 8.1% – Here’s Why

Veeco Instruments Inc. (NASDAQ:VECO)’s share price rose 8.1% on Friday . The stock traded as high as $77.90 and last traded at $77.35. Approximately 1,001,285 shares were traded during trading, a decline of 17% from the average daily volume of 1,208,994 shares. The stock had previously closed at $71.55.

Analysts Set New Price Targets

VECO has been the topic of several analyst reports. Weiss Ratings cut shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Citigroup lifted their price objective on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Barclays lifted their price objective on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Finally, Zacks Research raised shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.60.

Veeco Instruments Trading Up 7.8%

The firm’s 50-day moving average price is $52.44 and its 200-day moving average price is $38.74. The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26. The company has a market cap of $4.71 billion, a P/E ratio of 202.98 and a beta of 1.39.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The business had revenue of $158.34 million during the quarter, compared to the consensus estimate of $160.07 million. During the same period last year, the firm earned $0.37 EPS. The business’s revenue for the quarter 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. As a group, equities research analysts expect that Veeco Instruments Inc. will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Gordon Hunter sold 16,974 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $68.80, for a total value of $1,167,811.20. Following the sale, the director owned 11,236 shares of the company’s stock, valued at $773,036.80. The trade was a 60.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William John Miller sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $58.62, for a total transaction of $2,931,000.00. Following the completion of the sale, the chief executive officer directly owned 369,570 shares in the company, valued at approximately $21,664,193.40. This trade represents a 11.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 323,549 shares of company stock valued at $19,626,673. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Veeco Instruments

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake 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 acquiring an additional 62,016 shares in the last quarter. Wasatch Advisors LP grew its stake in Veeco Instruments by 4.9% in the 2nd quarter. Wasatch Advisors LP now owns 3,396,804 shares of the semiconductor company’s stock worth $69,023,000 after buying an additional 157,978 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Veeco Instruments by 9.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,215,031 shares of the semiconductor company’s stock worth $65,329,000 after buying an additional 284,716 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Veeco Instruments by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,481,803 shares of the semiconductor company’s stock worth $75,521,000 after buying an additional 26,248 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY grew its stake in Veeco Instruments by 1.3% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,410,000 shares of the semiconductor company’s stock worth $48,971,000 after buying an additional 30,000 shares in the last quarter. Hedge funds and other 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.