What is Northland Securities' Estimate for VECO Q1 Earnings?

Key Points

• Northland Securities lowered its Q1 2027 EPS estimate for Veeco Instruments to $0.42, down from $0.44, while maintaining an “Outperform” rating and a $66 price target.
• Analysts’ consensus estimate for Veeco’s current full-year earnings is $0.95 per share, while the broader analyst consensus is a “Hold” rating with an average price target of $61.33.
• Veeco’s latest quarterly results exceeded expectations, with EPS of $0.33 versus the $0.26 consensus and revenue of $193.48 million, up 16.5% year over year.

Veeco Instruments Inc. (NASDAQ:VECO - Free Report) - Research analysts at Northland Securities cut their Q1 2027 earnings estimates for shares of Veeco Instruments in a note issued to investors on Monday, September 21st. Northland Securities analyst G. Richard now anticipates that the semiconductor company will earn $0.42 per share for the quarter, down from their prior estimate of $0.44. Northland Securities currently has a "Outperform" rating and a $66.00 target price on the stock. The consensus estimate for Veeco Instruments' current full-year earnings is $0.95 per share.

Other equities analysts have also recently issued reports about the company. Weiss Ratings cut Veeco Instruments from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, August 21st. Citigroup raised their target price on Veeco Instruments from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Zacks Research lowered Veeco Instruments from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Finally, Wall Street Zen upgraded shares of Veeco Instruments from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 12th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Veeco Instruments has a consensus rating of "Hold" and an average target price of $61.33.

Veeco Instruments Stock Performance

VECO opened at $44.22 on Tuesday. The business has a 50 day moving average price of $48.32 and a two-hundred day moving average price of $50.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.93 and a quick ratio of 2.69. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 122.83 and a beta of 1.37. Veeco Instruments has a 1-year low of $26.00 and a 1-year high of $86.63.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last posted its quarterly earnings data 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. 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 analysts' expectations of $180.08 million. During the same period last year, the firm posted $0.20 earnings per share. The business's 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.

Institutional Trading of Veeco Instruments

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Veeco Instruments in the second quarter valued at approximately $728,127,000. Paradigm Capital Management Inc. NY bought a new stake in Veeco Instruments during the second quarter worth approximately $156,557,000. The Manufacturers Life Insurance Company acquired a new position in Veeco Instruments during the second quarter valued at approximately $134,434,000. Dimensional Fund Advisors LP grew its holdings in Veeco Instruments by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,374,292 shares of the semiconductor company's stock valued at $80,391,000 after purchasing an additional 68,780 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Veeco Instruments in the second quarter valued at approximately $65,836,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO William Miller sold 200,000 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $54.18, for a total transaction 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 represents a 54.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John P. Kiernan sold 35,000 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $51.05, for a total value of $1,786,750.00. Following the completion of the transaction, the chief financial officer owned 68,802 shares of the company's stock, valued at $3,512,342.10. This trade 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.

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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