Veeco Instruments (NASDAQ:VECO) Director Gordon Hunter Sells 16,974 Shares

Veeco Instruments Inc. (NASDAQ:VECO) Director Gordon Hunter sold 16,974 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $68.80, for a total value of $1,167,811.20. Following the completion of the sale, the director owned 11,236 shares of the company’s stock, valued at $773,036.80. This represents a 60.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, June 4th, Gordon Hunter sold 6,752 shares of Veeco Instruments stock. The stock was sold at an average price of $63.78, for a total value of $430,642.56.
• On Tuesday, May 26th, Gordon Hunter sold 17,714 shares of Veeco Instruments stock. The stock was sold at an average price of $61.61, for a total value of $1,091,359.54.
• 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 value 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 value of $455,154.96.

Veeco Instruments Price Performance

Shares of Veeco Instruments stock traded down $1.19 during midday trading on Wednesday, hitting $66.00. 3,442,623 shares of the company were exchanged, compared to its average volume of 1,205,164. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86. The firm has a market cap of $4.03 billion, a P/E ratio of 173.69 and a beta of 1.39. Veeco Instruments Inc. has a 52 week low of $19.29 and a 52 week high of $73.03. The firm has a 50 day simple moving average of $51.02 and a 200-day simple moving average of $38.15.

Veeco Instruments (NASDAQ:VECO) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). The company had revenue of $158.34 million for the quarter, compared to the consensus estimate of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.Veeco Instruments’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last 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. Research analysts forecast that Veeco Instruments Inc. will post 1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Veeco Instruments

A number of hedge funds and other institutional investors have recently bought and sold shares of VECO. Magnetar Financial LLC acquired a new stake in shares of Veeco Instruments in the 4th quarter valued at $48,342,000. American Century Companies Inc. increased its stake in shares of Veeco Instruments by 920.1% in the 3rd quarter. American Century Companies Inc. now owns 676,502 shares of the semiconductor company’s stock valued at $20,586,000 after buying an additional 610,187 shares during the period. Fisher Asset Management LLC increased its stake in shares of Veeco Instruments by 37.4% in the 4th quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock valued at $52,026,000 after buying an additional 495,767 shares during the period. Millennium Management LLC increased its stake in shares of Veeco Instruments by 1,164.3% in the 4th quarter. Millennium Management LLC now owns 477,386 shares of the semiconductor company’s stock valued at $13,644,000 after buying an additional 439,628 shares during the period. Finally, AQR Arbitrage LLC acquired a new stake in shares of Veeco Instruments in the 4th quarter valued at $11,648,000. 98.46% of the stock is owned by institutional investors and hedge funds.

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.