What is Northland Securities' Estimate for VECO Q3 Earnings?

Key Points

• Northland Securities raised its Q3 2027 EPS estimate for Veeco to $0.59 from $0.58 and forecasts $0.72 EPS for Q4 2027. It maintains an Outperform rating and a $66 price target.
• Veeco’s latest quarter fell short of expectations: EPS was $0.36 versus the $0.43 consensus, and revenue was $209.38 million versus $213.33 million. Revenue nevertheless increased 26.2% year over year.
• Analyst sentiment is mixed, with MarketBeat reporting a consensus Hold rating and an average price target of $50.

Veeco Instruments Inc. (NASDAQ:VECO - Free Report) - Investment analysts at Northland Securities raised their Q3 2027 earnings estimates for shares of Veeco Instruments in a report released on Thursday, November 5th. Northland Securities analyst G. Richard now anticipates that the semiconductor company will earn $0.59 per share for the quarter, up from their prior forecast of $0.58. Northland Securities has an "Outperform" rating and a $66.00 price target on the stock. The consensus estimate for Veeco Instruments' current full-year earnings is $0.95 per share. Northland Securities also issued estimates for Veeco Instruments' Q4 2027 earnings at $0.72 EPS.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.07). Veeco Instruments had a return on equity of 3.81% and a net margin of 3.62%. The firm had revenue of $209.38 million during the quarter, compared to the consensus estimate of $213.33 million. During the same period last year, the business earned $0.36 EPS. Veeco Instruments's revenue was up 26.2% on a year-over-year basis.

Several other research firms have also recently issued reports on VECO. Weiss Ratings cut Veeco Instruments from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, August 21st. Oppenheimer restated an "outperform" rating and set a $24.00 price target on shares of Veeco Instruments in a report on Wednesday, October 14th. Citigroup lowered their price target on Veeco Instruments from $63.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, November 6th. Finally, Wall Street Zen cut Veeco Instruments from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 7th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Veeco Instruments currently has a consensus rating of "Hold" and an average target price of $50.00.

Veeco Instruments Stock Performance

Shares of NASDAQ:VECO opened at $40.33 on Friday. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 100.82 and a beta of 1.41. The company has a 50-day moving average price of $44.77 and a 200-day moving average price of $47.04. The company has a current ratio of 3.87, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25. Veeco Instruments has a 12 month low of $26.00 and a 12 month high of $86.63.

Insider Transactions at Veeco Instruments

In other Veeco Instruments news, Director Mary Jane Raymond sold 2,000 shares of the company's stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $40.00, for a total transaction of $80,000.00. Following the transaction, the director owned 23,967 shares in the company, valued at approximately $958,680. This represents a 7.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Miller sold 200,000 shares of the 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 transaction, the chief executive officer owned 169,570 shares of the company's stock, valued at approximately $9,187,302.60. This trade represents a 54.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.70% of the company's stock.

Institutional Trading of Veeco Instruments

A number of hedge funds and other institutional investors have recently modified their holdings of VECO. BlackRock Inc. bought a new position in shares of Veeco Instruments in the 2nd quarter worth about $728,127,000. Paradigm Capital Management Inc. NY bought a new stake in Veeco Instruments during the second quarter worth about $156,557,000. The Manufacturers Life Insurance Company purchased a new stake in Veeco Instruments in the second quarter worth about $134,434,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Veeco Instruments in the second quarter worth about $65,836,000. Finally, Wellington Management Group LLP purchased a new stake in Veeco Instruments in the second quarter worth about $57,727,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

About Veeco Instruments

Veeco Instruments designs and manufactures process equipment used to make semiconductors and other advanced materials. Its systems support thin-film deposition, etching, lithography and related manufacturing processes. The company's product portfolio includes metal-organic chemical vapor deposition (MOCVD), molecular beam epitaxy (MBE), ion beam and laser-processing systems. These tools serve applications in compound semiconductors, advanced packaging, data storage and scientific research. Veeco serves customers around the world through its sales and service operations.

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