Veeco Instruments Inc. (NASDAQ:VECO) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analysts have a consensus “Hold” rating on Veeco Instruments, with four holds and two buys. The average 12-month price target is $61.33, above the reported share price of $45.45.
• Veeco exceeded quarterly expectations, reporting $0.33 EPS versus the $0.26 consensus and $193.48 million in revenue, up 16.5% year over year.
• Company insiders recently sold shares under pre-arranged trading plans, including the CEO’s $10.8 million sale and the CFO’s $1.8 million sale, while institutional investors own 98.46% of the stock.

Veeco Instruments Inc. (NASDAQ:VECO - Get Free Report) has been given an average rating of "Hold" by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $61.33.

A number of equities analysts recently weighed in on VECO shares. Citigroup boosted their price target on shares of Veeco Instruments from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Wall Street Zen upgraded shares of Veeco Instruments from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 12th. Zacks Research lowered shares of Veeco Instruments from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Northland Securities upgraded Veeco Instruments from a "market perform" rating to an "outperform" rating and set a $66.00 target price on the stock in a report on Monday. Finally, Weiss Ratings lowered Veeco Instruments from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, August 21st.

Veeco Instruments Trading Down 1.0%

Shares of VECO stock opened at $45.45 on Friday. The stock's fifty day moving average is $47.64 and its two-hundred day moving average is $50.91. 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 firm has a market capitalization of $2.78 billion, a P/E ratio of 126.25 and a beta of 1.37. Veeco Instruments has a fifty-two week low of $26.00 and a fifty-two week high of $86.63.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $193.48 million for the quarter, compared to analysts' expectations of $180.08 million. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The firm's quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company 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. Research analysts expect that Veeco Instruments will post 0.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Veeco Instruments news, CEO William Miller sold 200,000 shares of the firm's stock in a transaction 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 sale, the chief executive officer directly owned 169,570 shares of the company's stock, valued at $9,187,302.60. This trade represents a 54.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John P. Kiernan sold 35,000 shares of Veeco Instruments stock in a transaction on Monday, August 10th. The stock was sold at an average price of $51.05, for a total value of $1,786,750.00. Following the transaction, the chief financial officer owned 68,802 shares in the company, valued at approximately $3,512,342.10. This represents a 33.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VECO. Sequoia Financial Advisors LLC purchased a new stake in shares of Veeco Instruments in the second quarter valued at about $1,104,000. Tidal Investments LLC purchased a new position in Veeco Instruments during the second quarter worth about $2,006,000. Engineers Gate Manager LP acquired a new position in Veeco Instruments in the 2nd quarter valued at about $752,000. Integrated Wealth Concepts LLC acquired a new position in Veeco Instruments in the 2nd quarter valued at about $146,000. Finally, Squarepoint Ops LLC boosted its holdings in Veeco Instruments by 52.5% in the 2nd quarter. Squarepoint Ops LLC now owns 112,540 shares of the semiconductor company's stock valued at $8,531,000 after purchasing an additional 38,753 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company's stock.

Veeco Instruments Company Profile

Veeco Instruments Inc develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic components. Its systems support processes such as thin-film deposition, etching, lithography-related applications, and thermal processing, helping manufacturers create and refine microscopic structures on wafers and other materials.

The company's product portfolio includes metal-organic chemical vapor deposition systems for compound semiconductors, ion beam etch and deposition equipment, laser annealing systems, and other wafer-processing technologies.

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