Veeco Instruments Inc. (NASDAQ:VECO) Receives $49.33 Consensus PT from Brokerages

Veeco Instruments Inc. (NASDAQ:VECO) has earned an average recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $49.3333.

Several research analysts have commented on VECO shares. Weiss Ratings cut shares of Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Citigroup lifted their price target on Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 10th. Barclays increased their price objective on 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 cut Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen raised Veeco Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th.

Insider Buying and Selling

In related news, SVP Adrian Devasahayam sold 10,000 shares of Veeco Instruments stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $65.00, for a total transaction of $650,000.00. Following the sale, the senior vice president directly owned 85,115 shares in the company, valued at $5,532,475. The trade was a 10.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Susan Wilkerson sold 15,506 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $69.56, for a total transaction of $1,078,597.36. Following the completion of the sale, the senior vice president directly owned 27,468 shares of the company’s stock, valued at $1,910,674.08. The trade was a 36.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 277,480 shares of company stock valued at $15,519,159. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Veeco Instruments

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of Veeco Instruments by 29.6% during the first quarter. Royal Bank of Canada now owns 134,088 shares of the semiconductor company’s stock valued at $2,692,000 after acquiring an additional 30,646 shares during the period. AQR Capital Management LLC grew its holdings in Veeco Instruments by 51.5% during the first quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company’s stock worth $598,000 after acquiring an additional 10,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Veeco Instruments by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company’s stock worth $664,000 after acquiring an additional 1,434 shares during the period. Millennium Management LLC raised its position in 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 in the last quarter. Finally, Woodline Partners LP bought a new stake in Veeco Instruments in the first quarter worth about $618,000. 98.46% of the stock is currently owned by institutional investors.

Veeco Instruments Stock Performance

VECO stock opened at $43.02 on Monday. Veeco Instruments has a 1 year low of $23.31 and a 1 year high of $86.63. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 119.50 and a beta of 1.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.69 and a current ratio of 3.93. The stock’s fifty day moving average is $53.27 and its two-hundred day moving average is $49.50.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The business had revenue of $193.48 million during the quarter, compared to analyst estimates of $180.08 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. 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. On average, research analysts predict that Veeco Instruments will post 0.95 EPS for the current year.

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.