Veeco Instruments Inc. (NASDAQ:VECO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Veeco Instruments Inc. (NASDAQ:VECO) have received a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $40.60.

Several research firms have issued reports on VECO. Barclays raised their target price on Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Wall Street Zen raised Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings cut Veeco Instruments from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 15th. Finally, Zacks Research raised Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th.

Insiders Place Their Bets

In other news, SVP Susan Wilkerson sold 15,506 shares of Veeco Instruments stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $69.56, for a total value of $1,078,597.36. Following the completion of the sale, the senior vice president directly owned 27,468 shares of the company’s stock, valued at approximately $1,910,674.08. The trade was a 36.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gordon Hunter sold 16,974 shares of Veeco Instruments stock in a transaction on 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 sale, the director directly owned 11,236 shares of the company’s stock, valued at $773,036.80. The trade was a 60.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 339,055 shares of company stock valued at $20,705,270. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Veeco Instruments

A number of institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of Veeco Instruments by 7.4% in the third quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 350 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Veeco Instruments by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 32,882 shares of the semiconductor company’s stock worth $939,000 after purchasing an additional 361 shares in the last quarter. Vise Technologies Inc. grew its stake in Veeco Instruments by 5.3% during the 4th quarter. Vise Technologies Inc. now owns 7,503 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 377 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Veeco Instruments by 4.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,986 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 462 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Veeco Instruments by 9.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 580 shares in the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

Veeco Instruments Price Performance

VECO stock opened at $77.46 on Tuesday. The business has a fifty day moving average of $58.39 and a two-hundred day moving average of $41.17. The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 203.85 and a beta of 1.39. Veeco Instruments has a 52-week low of $19.29 and a 52-week high of $86.63.

Veeco Instruments (NASDAQ:VECO) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). The business 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 was down 5.4% compared to the same quarter last year. During the same period 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. As a group, research analysts anticipate that Veeco Instruments will post 1.1 earnings per share for the current year.

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.