Veeco Instruments (NASDAQ:VECO) SVP Adrian Devasahayam Sells 10,000 Shares

Veeco Instruments Inc. (NASDAQ:VECO) SVP Adrian Devasahayam sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $65.00, for a total value of $650,000.00. Following the transaction, the senior vice president owned 85,115 shares in the company, valued at $5,532,475. The trade was a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Adrian Devasahayam also recently made the following trade(s):

• On Tuesday, May 26th, Adrian Devasahayam sold 5,407 shares of Veeco Instruments stock. The stock was sold at an average price of $61.84, for a total value of $334,368.88.

Veeco Instruments Trading Down 1.9%

VECO opened at $65.94 on Thursday. The stock’s fifty day moving average is $51.68 and its two-hundred day moving average is $38.43. The company has a market capitalization of $4.02 billion, a P/E ratio of 173.53 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 company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings data 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 firm had revenue of $158.34 million for the quarter, compared to analysts’ expectations of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 earnings per share. 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. Analysts forecast that Veeco Instruments Inc. will post 1.1 earnings per share for the current year.

Institutional Investors Weigh In On Veeco Instruments

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Veeco Instruments by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,663,310 shares of the semiconductor company’s stock worth $233,195,000 after buying an additional 62,016 shares in the last quarter. Wasatch Advisors LP increased its stake in Veeco Instruments by 4.9% during 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 increased its stake in Veeco Instruments by 9.7% during 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 increased its stake in Veeco Instruments by 1.1% during 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 increased its stake in Veeco Instruments by 1.3% during 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. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Veeco Instruments

Here are the key news stories impacting Veeco Instruments this week:

• Positive Sentiment: Veeco received a follow-on order for its NSA500 system, indicating continued customer adoption and stronger demand in advanced chip manufacturing. Veeco Receives Follow-On Order for Nanosecond Annealing System; Expands Evaluation Activity
• Positive Sentiment: News of the order was reinforced by broader investor interest in semiconductor equipment names tied to AI and chip-capacity growth. Veeco Instruments stock rallies 17% as follow-on order signals growing chip demand
• Neutral Sentiment: Short-interest data showed no meaningful change, so it does not appear to be a major driver of the stock move. What’s going on with Veeco Instruments stock on Tuesday?
• Negative Sentiment: Director Gordon Hunter sold 16,974 shares, which can pressure sentiment by raising questions about insider conviction. SEC filing for Gordon Hunter sale
• Negative Sentiment: SVP Adrian Devasahayam sold 10,000 shares, adding to the insider-selling overhang. SEC filing for Adrian Devasahayam sale

Wall Street Analyst Weigh In

VECO has been the subject of a number of research reports. Weiss Ratings cut Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th. Zacks Research upgraded shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Citigroup increased their target price on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.