Veeco Instruments Inc. (NASDAQ:VECO) Given Average Rating of “Hold” by Analysts

Shares of Veeco Instruments Inc. (NASDAQ:VECO) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $28.5714.

A number of research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Veeco Instruments in a research note on Wednesday, October 8th. Benchmark reduced their target price on Veeco Instruments from $31.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Northland Capmk downgraded Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Northland Securities lowered Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price target on the stock. in a research note on Tuesday, October 7th. Finally, Needham & Company LLC downgraded Veeco Instruments from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd.

Insider Transactions at Veeco Instruments

In other Veeco Instruments news, CEO William John Miller sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $29.10, for a total value of $727,500.00. Following the transaction, the chief executive officer directly owned 489,543 shares of the company’s stock, valued at $14,245,701.30. This trade represents a 4.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Adrian Devasahayam sold 3,851 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $34.00, for a total value of $130,934.00. Following the completion of the sale, the senior vice president owned 78,269 shares of the company’s stock, valued at $2,661,146. This trade represents a 4.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 86,911 shares of company stock valued at $2,509,050 over the last quarter. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Veeco Instruments

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brooklyn Investment Group acquired a new position in Veeco Instruments during the first quarter worth approximately $37,000. Smartleaf Asset Management LLC boosted 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 acquiring an additional 1,019 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Veeco Instruments during the 3rd quarter worth about $91,000. US Bancorp DE boosted its position in Veeco Instruments by 33.6% during the 1st quarter. US Bancorp DE now owns 3,366 shares of the semiconductor company’s stock worth $68,000 after purchasing an additional 847 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in Veeco Instruments by 49,728.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,488 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 3,481 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Veeco Instruments Trading Up 0.1%

Shares of VECO stock opened at $31.49 on Friday. Veeco Instruments has a 1-year low of $16.92 and a 1-year high of $34.45. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 37.94 and a beta of 1.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.36 and a quick ratio of 3.62. The stock has a 50 day simple moving average of $29.46 and a 200-day simple moving average of $24.87.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The company had revenue of $165.88 million during the quarter, compared to analyst estimates of $160.49 million. Veeco Instruments had a net margin of 7.23% and a return on equity of 6.35%. The firm’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. Veeco Instruments has set its Q4 2025 guidance at 0.160-0.320 EPS. On average, equities research analysts expect that Veeco Instruments will post 0.76 EPS for the current fiscal year.

About Veeco Instruments

Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems.