Veeco Instruments (NASDAQ:VECO) Price Target Raised to $63.00

Veeco Instruments (NASDAQ:VECO) had its price objective lifted by Citigroup from $60.00 to $63.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other equities research analysts have also commented on the company. Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen raised shares of Veeco Instruments from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Veeco Instruments from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Barclays upped their price objective on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.33.

Veeco Instruments Price Performance

Shares of VECO stock opened at $53.26 on Monday. Veeco Instruments has a fifty-two week low of $23.31 and a fifty-two week 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 firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 147.94 and a beta of 1.38. The stock’s 50-day simple moving average is $60.61 and its 200-day simple moving average is $47.77.

Veeco Instruments (NASDAQ:VECO) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $193.48 million for the quarter, compared to the consensus estimate of $180.08 million. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. 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. As a group, equities analysts forecast that Veeco Instruments will post 1.1 earnings per share for the current fiscal year.

Insider Transactions at Veeco Instruments

In related news, SVP Susan Wilkerson sold 15,506 shares of Veeco Instruments stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $69.56, for a total transaction of $1,078,597.36. Following the completion of the transaction, the senior vice president directly owned 27,468 shares in the company, valued at approximately $1,910,674.08. This trade represents a 36.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John P. Kiernan sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were 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 of the company’s stock, valued at $3,512,342.10. The trade was a 33.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 193,076 shares of company stock valued at $11,674,281. 2.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Veeco Instruments

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Veeco Instruments during the 2nd quarter valued at approximately $65,836,000. Kendall Capital Management acquired a new stake in Veeco Instruments during the second quarter valued at $339,000. Quantbot Technologies LP acquired a new stake in Veeco Instruments during the second quarter valued at $69,000. Callan Family Office LLC purchased a new position in Veeco Instruments in the second quarter valued at $487,000. Finally, Allworth Financial LP purchased a new position in Veeco Instruments in the second quarter valued at $39,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

About Veeco Instruments

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.