Gordon Hunter Sells 16,974 Shares of Veeco Instruments (NASDAQ:VECO) Stock

Veeco Instruments Inc. (NASDAQ:VECO) Director Gordon Hunter sold 16,974 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was 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 owned 11,236 shares in the company, valued at $773,036.80. The trade was a 60.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, June 4th, Gordon Hunter sold 6,752 shares of Veeco Instruments stock. The shares were sold at an average price of $63.78, for a total value of $430,642.56.
• On Tuesday, May 26th, Gordon Hunter sold 17,714 shares of Veeco Instruments stock. The stock was sold at an average price of $61.61, for a total value of $1,091,359.54.
• 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 shares were sold at an average price of $58.76, for a total value of $455,154.96.

Veeco Instruments Price Performance

VECO opened at $71.55 on Friday. The stock has a 50-day moving average price of $52.44 and a 200-day moving average price of $38.74. 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 has a market cap of $4.37 billion, a PE ratio of 188.29 and a beta of 1.39. Veeco Instruments Inc. has a 1 year low of $19.29 and a 1 year high of $73.03.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $158.34 million for 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 business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the company 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. Sell-side analysts predict that Veeco Instruments Inc. will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VECO. Needham & Company LLC reissued a “hold” rating on shares of Veeco Instruments in a research report on Thursday, February 26th. Wall Street Zen upgraded Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings lowered Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Citigroup boosted their price target on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Barclays upped their price target on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.60.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in Veeco Instruments by 29.6% in the 1st quarter. Royal Bank of Canada now owns 134,088 shares of the semiconductor company’s stock worth $2,692,000 after purchasing an additional 30,646 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Veeco Instruments by 51.5% during the 1st quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company’s stock valued at $598,000 after buying an additional 10,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Veeco Instruments by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company’s stock worth $664,000 after buying an additional 1,434 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Veeco Instruments by 148.0% in the first quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company’s stock worth $9,526,000 after acquiring an additional 283,099 shares during the period. Finally, Woodline Partners LP bought a new stake in shares of Veeco Instruments in the first quarter worth $618,000. 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.