Northland Securities Has Optimistic View of VECO Q3 Earnings

Veeco Instruments Inc. (NASDAQ:VECO) – Stock analysts at Northland Securities increased their Q3 2027 earnings per share estimates for shares of Veeco Instruments in a research note issued on Monday, September 21st. Northland Securities analyst G. Richard now forecasts that the semiconductor company will earn $0.58 per share for the quarter, up from their previous estimate of $0.57. Northland Securities has a “Outperform” rating and a $66.00 price target on the stock. The consensus estimate for Veeco Instruments’ current full-year earnings is $0.95 per share. Northland Securities also issued estimates for Veeco Instruments’ Q4 2027 earnings at $0.70 EPS.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $193.48 million during the quarter, compared to analysts’ expectations of $180.08 million. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.Veeco Instruments’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 earnings per share. 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.

VECO has been the subject of a number of other reports. Weiss Ratings cut shares of Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Wall Street Zen upgraded shares of Veeco Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 12th. Citigroup raised their price objective on Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Veeco Instruments currently has an average rating of “Hold” and an average price target of $61.33.

Veeco Instruments Stock Up 0.3%

NASDAQ VECO opened at $44.36 on Wednesday. The company has a current ratio of 3.93, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $48.04 and its 200 day moving average is $50.71. Veeco Instruments has a 12 month low of $26.00 and a 12 month high of $86.63. The stock has a market cap of $2.71 billion, a PE ratio of 123.22 and a beta of 1.37.

Insider Transactions at Veeco Instruments

In other news, CFO John P. Kiernan sold 35,000 shares of Veeco Instruments stock in a transaction dated 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 sale, the chief financial officer owned 68,802 shares in the company, valued at $3,512,342.10. This trade represents a 33.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Miller sold 200,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $54.18, for a total transaction of $10,836,000.00. Following the sale, the chief executive officer directly owned 169,570 shares of the company’s stock, valued at $9,187,302.60. This represents a 54.12% decrease in their position. 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. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Veeco Instruments

A number of hedge funds have recently made changes to their positions in VECO. Louisiana State Employees Retirement System purchased a new position in Veeco Instruments in the 1st quarter valued at $904,000. Fisher Asset Management LLC lifted its stake in shares of Veeco Instruments by 37.4% in the fourth quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock worth $52,026,000 after buying an additional 495,767 shares in the last quarter. Sei Investments Co. boosted its position in Veeco Instruments by 210.9% during the first quarter. Sei Investments Co. now owns 73,163 shares of the semiconductor company’s stock worth $2,477,000 after acquiring an additional 49,631 shares during the last quarter. Rokos Capital Management LLP acquired a new position in Veeco Instruments during the first quarter worth about $3,228,000. Finally, Assenagon Asset Management S.A. raised its holdings in Veeco Instruments by 14.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 114,390 shares of the semiconductor company’s stock valued at $3,873,000 after acquiring an additional 14,500 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

About Veeco Instruments

Veeco Instruments Inc develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic components. Its systems support processes such as thin-film deposition, etching, lithography-related applications, and thermal processing, helping manufacturers create and refine microscopic structures on wafers and other materials.

The company’s product portfolio includes metal-organic chemical vapor deposition systems for compound semiconductors, ion beam etch and deposition equipment, laser annealing systems, and other wafer-processing technologies.