William John Miller Sells 50,000 Shares of Veeco Instruments (NASDAQ:VECO) Stock

Veeco Instruments Inc. (NASDAQ:VECO) CEO William John Miller sold 50,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $58.62, for a total transaction of $2,931,000.00. Following the completion of the transaction, the chief executive officer directly owned 369,570 shares in the company, valued at $21,664,193.40. This trade represents a 11.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

William John Miller also recently made the following trade(s):

• On Thursday, May 7th, William John Miller sold 100,000 shares of Veeco Instruments stock. The shares were sold at an average price of $59.55, for a total transaction of $5,955,000.00.

Veeco Instruments Trading Down 0.9%

NASDAQ VECO opened at $60.46 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86. The firm’s fifty day moving average price is $48.87 and its 200 day moving average price is $37.18. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 159.11 and a beta of 1.39. Veeco Instruments Inc. has a 12 month low of $19.29 and a 12 month high of $65.43.

Veeco Instruments (NASDAQ:VECO) last posted its 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 company had revenue of $158.34 million during the quarter, compared to analysts’ expectations of $160.07 million. Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period last 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. On average, sell-side analysts expect that Veeco Instruments Inc. will post 1.1 earnings per share for the current fiscal year.

Institutional Trading of Veeco Instruments

Hedge funds have recently made changes to their positions in the company. Old West Investment Management LLC lifted its stake in shares of Veeco Instruments by 129.1% in the 3rd quarter. Old West Investment Management LLC now owns 67,632 shares of the semiconductor company’s stock worth $2,058,000 after acquiring an additional 38,114 shares during the period. New York Life Investment Management LLC acquired a new stake in shares of Veeco Instruments in the 4th quarter worth $1,808,000. Fisher Asset Management LLC lifted its stake in shares of Veeco Instruments by 32.6% in the 3rd quarter. Fisher Asset Management LLC now owns 1,324,590 shares of the semiconductor company’s stock worth $40,307,000 after acquiring an additional 325,357 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Veeco Instruments by 11.0% in the 3rd quarter. Victory Capital Management Inc. now owns 746,429 shares of the semiconductor company’s stock worth $22,714,000 after acquiring an additional 74,106 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Veeco Instruments by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,663,310 shares of the semiconductor company’s stock worth $233,195,000 after acquiring an additional 62,016 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on VECO shares. Weiss Ratings cut shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Barclays increased their price target on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Finally, Citigroup increased their price target 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Veeco Instruments 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.