Veeco Instruments Inc. $VECO Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP trimmed its position in Veeco Instruments Inc. (NASDAQ:VECO) by 31.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 693,912 shares of the semiconductor company’s stock after selling 319,926 shares during the quarter. Wasatch Advisors LP’s holdings in Veeco Instruments were worth $23,496,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in Veeco Instruments by 75.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 1,019 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Veeco Instruments by 125.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock worth $70,000 after buying an additional 1,370 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Veeco Instruments during the 4th quarter worth approximately $77,000. Johnson Financial Group Inc. purchased a new position in Veeco Instruments during the 3rd quarter worth approximately $91,000. Finally, Global Retirement Partners LLC lifted its stake in Veeco Instruments by 16,961.9% during the 4th quarter. Global Retirement Partners LLC now owns 3,583 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 3,562 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

Analysts Set New Price Targets

VECO has been the topic of several recent research reports. Zacks Research raised shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Citigroup boosted their target price on shares of Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Barclays boosted their target price on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. Wall Street Zen raised Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings downgraded Veeco Instruments from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.60.

Insider Activity at Veeco Instruments

In other Veeco Instruments news, Director Gordon Hunter sold 16,974 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director owned 11,236 shares in the company, valued at approximately $773,036.80. This represents a 60.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard A. Damore sold 43,701 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $60.71, for a total transaction of $2,653,087.71. Following the sale, the director directly owned 112,594 shares in the company, valued at approximately $6,835,581.74. The trade was a 27.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 339,055 shares of company stock valued at $20,705,270 in the last quarter. 2.70% of the stock is currently owned by insiders.

Veeco Instruments Trading Down 6.0%

Shares of NASDAQ:VECO opened at $70.95 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. Veeco Instruments Inc. has a 12-month low of $19.29 and a 12-month high of $86.63. The business has a 50 day moving average of $60.96 and a two-hundred day moving average of $42.26. The company has a market capitalization of $4.33 billion, a PE ratio of 186.72 and a beta of 1.39.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The firm had revenue of $158.34 million for the quarter, compared to analyst estimates of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.Veeco Instruments’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. 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, analysts forecast that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Veeco Instruments 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.