William John Miller Sells 200,000 Shares of Veeco Instruments (NASDAQ:VECO) Stock

Veeco Instruments Inc. (NASDAQ:VECO) CEO William John Miller sold 200,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $54.18, for a total value of $10,836,000.00. Following the completion of the transaction, the chief executive officer owned 169,570 shares in the company, valued at approximately $9,187,302.60. The trade was a 54.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 2nd, William John Miller sold 50,000 shares of Veeco Instruments stock. The shares were sold at an average price of $58.62, for a total value of $2,931,000.00.

Veeco Instruments Price Performance

Shares of NASDAQ:VECO opened at $47.20 on Friday. Veeco Instruments Inc. has a twelve month low of $23.31 and a twelve month high of $86.63. The stock’s 50 day moving average is $58.97 and its 200-day moving average is $48.57. The company has a quick ratio of 2.69, a current ratio of 3.93 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 131.11 and a beta of 1.38.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The business had revenue of $193.48 million during the quarter, compared to the consensus estimate of $180.08 million. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. Veeco Instruments’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. Veeco Instruments has set its FY 2026 guidance at 1.360-1.610 EPS and its Q3 2026 guidance at 0.350-0.490 EPS. Sell-side analysts forecast that Veeco Instruments Inc. will post 0.95 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VECO shares. Wall Street Zen upgraded shares of Veeco Instruments from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Barclays lifted their price target on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings raised Veeco Instruments from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Citigroup raised their target price on Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 10th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Veeco Instruments has an average rating of “Hold” and an average target price of $49.33.

Hedge Funds Weigh In On Veeco Instruments

Institutional investors have recently modified their holdings of the business. Tema ETFs LLC purchased a new stake in shares of Veeco Instruments during the second quarter valued at approximately $33,000. Allworth Financial LP bought a new position in Veeco Instruments in the 2nd quarter valued at $39,000. Smartleaf Asset Management LLC increased its position in shares of Veeco Instruments by 75.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 1,019 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Veeco Instruments during the 2nd quarter worth $69,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Veeco Instruments by 125.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock worth $70,000 after buying an additional 1,370 shares during the last quarter. 98.46% of the stock is owned by 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.