Veeco Instruments Inc. (NASDAQ:VECO) Receives Consensus Recommendation of “Hold” from Analysts

Veeco Instruments Inc. (NASDAQ:VECO) has been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $40.60.

VECO has been the subject of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Wall Street Zen raised shares of Veeco Instruments to a “hold” rating in a report on Saturday, June 6th. Barclays raised their target price on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Zacks Research raised shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Citigroup raised their target price on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th.

Insider Activity

In related news, Director Gordon Hunter sold 29,532 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $59.41, for a total transaction of $1,754,496.12. Following the completion of the transaction, the director owned 52,676 shares of the company’s stock, valued at $3,129,481.16. This trade represents a 35.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard A. Damore sold 43,701 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $60.71, for a total transaction of $2,653,087.71. Following the transaction, the director directly owned 112,594 shares of the company’s stock, valued at approximately $6,835,581.74. This trade represents a 27.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 339,055 shares of company stock valued at $20,705,270 over the last quarter. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in Veeco Instruments by 75.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 1,019 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Veeco Instruments by 125.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,370 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Veeco Instruments in the fourth quarter valued at $77,000. Johnson Financial Group Inc. purchased a new position in Veeco Instruments in the third quarter valued at $91,000. Finally, Global Retirement Partners LLC increased its holdings in Veeco Instruments by 16,961.9% in the fourth quarter. Global Retirement Partners LLC now owns 3,583 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 3,562 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Veeco Instruments Trading Up 7.2%

NASDAQ:VECO opened at $83.04 on Tuesday. Veeco Instruments has a 12 month low of $19.29 and a 12 month high of $86.63. The firm has a fifty day simple moving average of $54.27 and a 200-day simple moving average of $39.46. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.07 billion, a P/E ratio of 218.53 and a beta of 1.39.

Veeco Instruments (NASDAQ:VECO) last posted 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). Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The company had revenue of $158.34 million for the quarter, compared to analyst estimates of $160.07 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. 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, equities research analysts anticipate that Veeco Instruments will post 1.1 earnings per share for the current year.

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.