Veeco Instruments Inc. (NASDAQ:VECO) Receives $40.60 Consensus Price Target from Analysts

Shares of Veeco Instruments Inc. (NASDAQ:VECO) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $40.60.

VECO has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen upgraded Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings raised shares of Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. Finally, Barclays lifted 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.

Insider Activity

In other news, Director Gordon Hunter sold 29,532 shares of the stock in a transaction dated 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 transaction, the director owned 52,676 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, CEO William John Miller sold 100,000 shares of Veeco Instruments stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $59.55, for a total value of $5,955,000.00. Following the completion of the transaction, the chief executive officer owned 419,570 shares of the company’s stock, valued at $24,985,393.50. This trade represents a 19.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 339,055 shares of company stock worth $20,705,270 over the last ninety days. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in Veeco Instruments by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 32,882 shares of the semiconductor company’s stock valued at $939,000 after acquiring an additional 361 shares in the last quarter. Vise Technologies Inc. grew its stake in shares of Veeco Instruments by 5.3% in the fourth quarter. Vise Technologies Inc. now owns 7,503 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 377 shares in the last quarter. Tema ETFs LLC bought a new position in shares of Veeco Instruments in the second quarter worth $33,000. Mercer Global Advisors Inc. ADV grew its stake in shares of Veeco Instruments by 4.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,986 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 462 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Veeco Instruments by 9.9% during the second quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 580 shares during the period. Institutional investors own 98.46% of the company’s stock.

Veeco Instruments Stock Performance

NASDAQ:VECO opened at $58.02 on Friday. 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 50-day moving average of $63.84 and a two-hundred day moving average of $44.85. The stock has a market cap of $3.54 billion, a P/E ratio of 152.69 and a beta of 1.34. Veeco Instruments has a 1-year low of $19.29 and a 1-year high of $86.63.

Veeco Instruments (NASDAQ:VECO) last announced its earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.06). Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The business had revenue of $158.34 million for the quarter, compared to analyst estimates of $160.07 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The firm’s 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, research analysts expect that Veeco Instruments will post 1.1 earnings per share for the current fiscal 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.