Veeco Instruments (NASDAQ:VECO) Director Sells $2,653,087.71 in Stock

Veeco Instruments Inc. (NASDAQ:VECO) Director Richard Damore sold 43,701 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $60.71, for a total value of $2,653,087.71. Following the completion of the sale, the director owned 112,594 shares in the company, valued at $6,835,581.74. This represents a 27.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Veeco Instruments Trading Up 3.6%

Shares of Veeco Instruments stock opened at $56.64 on Thursday. Veeco Instruments Inc. has a 52-week low of $18.85 and a 52-week high of $65.43. The stock’s 50-day simple moving average is $43.21 and its 200 day simple moving average is $35.08. The stock has a market capitalization of $3.46 billion, a P/E ratio of 149.06 and a beta of 1.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.86 and a current ratio of 4.23.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VECO. Royal Bank of Canada grew its holdings in shares of Veeco Instruments by 29.6% during the first quarter. Royal Bank of Canada now owns 134,088 shares of the semiconductor company’s stock worth $2,692,000 after purchasing an additional 30,646 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Veeco Instruments by 51.5% during the first quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company’s stock worth $598,000 after purchasing an additional 10,122 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Veeco Instruments by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company’s stock worth $664,000 after purchasing an additional 1,434 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Veeco Instruments by 148.0% during the first quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company’s stock worth $9,526,000 after purchasing an additional 283,099 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in shares of Veeco Instruments during the first quarter worth about $618,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on VECO shares. Citigroup lifted their target price on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Barclays lifted their target price on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings lowered Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Finally, Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.60.

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.