Veeco Instruments (NASDAQ:VECO) Director Sells $1,091,359.54 in Stock

Veeco Instruments Inc. (NASDAQ:VECO) Director Gordon Hunter sold 17,714 shares of Veeco Instruments stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $61.61, for a total value of $1,091,359.54. Following the sale, the director owned 34,962 shares in the company, valued at $2,154,008.82. This trade represents a 33.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 Stock Performance

Shares of Veeco Instruments stock opened at $57.64 on Friday. The business’s fifty day simple moving average is $47.17 and its 200 day simple moving average is $36.52. The firm has a market capitalization of $3.52 billion, a P/E ratio of 151.69 and a beta of 1.36. Veeco Instruments Inc. has a 12 month low of $19.04 and a 12 month high of $65.43. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26.

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

Institutional Trading of Veeco Instruments

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

Analyst Ratings Changes

Several brokerages have issued reports on VECO. Zacks Research upgraded Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Weiss Ratings lowered Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Barclays boosted their target price on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Citigroup boosted their target price on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned 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 an average 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.