Veeco Instruments (NASDAQ:VECO) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Veeco Instruments Inc. (NASDAQ:VECO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.21 and traded as high as $29.58. Veeco Instruments shares last traded at $29.11, with a volume of 247,562 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Northland Capmk lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Veeco Instruments in a research note on Wednesday, October 8th. Citigroup raised their price target on shares of Veeco Instruments from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Needham & Company LLC lowered Veeco Instruments from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Northland Securities cut Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price target for the company. in a research report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $28.57.

Veeco Instruments Stock Performance

The firm’s fifty day simple moving average is $29.59 and its 200 day simple moving average is $26.21. The company has a market capitalization of $1.75 billion, a PE ratio of 35.07 and a beta of 1.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.36 and a quick ratio of 3.62.

Veeco Instruments (NASDAQ:VECO) last issued its earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The firm had revenue of $165.88 million for the quarter, compared to the consensus estimate of $160.49 million. Veeco Instruments had a return on equity of 6.35% and a net margin of 7.23%.The company’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. Veeco Instruments has set its Q4 2025 guidance at 0.160-0.320 EPS. On average, research analysts predict that Veeco Instruments Inc. will post 0.76 EPS for the current year.

Insider Buying and Selling

In other news, CEO William John Miller sold 25,000 shares of Veeco Instruments stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $32.00, for a total transaction of $800,000.00. Following the completion of the transaction, the chief executive officer directly owned 464,543 shares of the company’s stock, valued at $14,865,376. The trade was a 5.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Adrian Devasahayam sold 3,851 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $34.00, for a total transaction of $130,934.00. Following the completion of the transaction, the senior vice president owned 78,269 shares of the company’s stock, valued at approximately $2,661,146. This represents a 4.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 53,851 shares of company stock worth $1,658,434 in the last ninety days. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Veeco Instruments

Several hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in shares of Veeco Instruments by 7.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 350 shares during the period. CWM LLC boosted its position in Veeco Instruments by 7.6% during the third quarter. CWM LLC now owns 4,985 shares of the semiconductor company’s stock worth $152,000 after purchasing an additional 353 shares in the last quarter. Amalgamated Bank grew its holdings in Veeco Instruments by 3.2% in the second quarter. Amalgamated Bank now owns 16,926 shares of the semiconductor company’s stock valued at $344,000 after purchasing an additional 531 shares during the period. Maryland State Retirement & Pension System increased its position in shares of Veeco Instruments by 3.3% in the second quarter. Maryland State Retirement & Pension System now owns 17,614 shares of the semiconductor company’s stock valued at $358,000 after buying an additional 569 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of 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 buying an additional 580 shares during the period. 98.46% of the stock is owned by hedge funds and other institutional investors.

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.