Old West Investment Management LLC Takes $4.73 Million Position in Veeco Instruments Inc. $VECO

Old West Investment Management LLC purchased a new position in Veeco Instruments Inc. (NASDAQ:VECO - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 62,423 shares of the semiconductor company's stock, valued at approximately $4,732,000. Old West Investment Management LLC owned 0.10% of Veeco Instruments as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tema ETFs LLC purchased a new stake in Veeco Instruments in the second quarter worth approximately $33,000. Smartleaf Asset Management LLC raised its stake in 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 buying an additional 1,019 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Veeco Instruments by 125.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company's stock valued at $70,000 after buying an additional 1,370 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Veeco Instruments in the 4th quarter worth $77,000. Finally, PVG Asset Management Corp purchased a new position in shares of Veeco Instruments in the 1st quarter worth $84,000. Institutional investors own 98.46% of the company's stock.

Insider Buying and Selling

In other Veeco Instruments news, Director Gordon Hunter sold 16,974 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $68.80, for a total transaction of $1,167,811.20. Following the sale, the director owned 11,236 shares in the company, valued at approximately $773,036.80. This trade represents a 60.17% 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, SVP Adrian Devasahayam sold 10,000 shares of Veeco Instruments stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $65.00, for a total transaction of $650,000.00. Following the transaction, the senior vice president directly owned 85,115 shares in the company, valued at $5,532,475. This represents a 10.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 193,076 shares of company stock worth $11,674,281 in the last ninety days. Corporate insiders own 2.70% of the company's stock.

Veeco Instruments Price Performance

Shares of Veeco Instruments stock opened at $52.40 on Monday. The stock has a market cap of $3.20 billion, a P/E ratio of 145.56 and a beta of 1.38. 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 $60.29 and its 200 day moving average is $48.07. Veeco Instruments Inc. has a one year low of $23.31 and a one year high of $86.63.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last released 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. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.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 previous year, the company posted $0.20 earnings per share. Veeco Instruments's revenue for the quarter 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. Sell-side analysts anticipate that Veeco Instruments Inc. will post 0.95 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Weiss Ratings upgraded Veeco Instruments from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Wall Street Zen raised Veeco Instruments from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Citigroup boosted their price target 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 cut shares of Veeco Instruments from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Finally, Barclays raised their price objective on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Veeco Instruments currently has a consensus rating of "Hold" and a consensus price target of $49.33.

Key Headlines Impacting Veeco Instruments

Here are the key news stories impacting Veeco Instruments this week:

• Positive Sentiment: Veeco’s latest quarterly results were stronger than expected, with earnings of $0.33 per share versus the $0.26 consensus estimate and revenue of $193.48 million versus expectations of $180.08 million. Revenue increased 16.5% year over year, providing evidence of continuing demand for its semiconductor process equipment. Veeco Instruments stock and earnings information
• Positive Sentiment: Some institutional investors increased or initiated positions in VECO during recent reporting periods, while Citigroup raised its price target to $63 and Wall Street Zen upgraded the stock to “buy.” However, these signals were not sufficient to offset broader analyst caution. Veeco analyst ratings and institutional ownership
• Neutral Sentiment: Veeco’s balance sheet remains relatively solid, with a quick ratio of 2.69, current ratio of 3.93 and debt-to-equity ratio of 0.25. Nevertheless, the stock’s elevated valuation—roughly 146 times earnings—leaves limited room for disappointment, particularly with the shares trading below their 50-day moving average.
• Negative Sentiment: Northland Securities lowered its EPS forecasts across the outlook: Q3 2026 to $0.32 from $0.44, FY2026 to $0.95 from $1.10, and FY2027 to $2.21 from $2.69. Estimates were also reduced for every listed 2027 quarter, including Q1 to $0.44 from $0.54, Q2 to $0.50 from $0.62, Q3 to $0.57 from $0.71 and Q4 to $0.68 from $0.82. The cuts suggest a weaker expected earnings trajectory and contrast sharply with Veeco’s company-provided FY2026 guidance of $1.36–$1.61 per share.
• Negative Sentiment: CFO John Kiernan sold 35,000 shares worth approximately $1.79 million, reducing his direct holdings by 33.72%. The transaction occurred under a pre-arranged Rule 10b5-1 plan, which makes it less informative than discretionary insider selling, but it may still weigh on sentiment. Veeco CFO stock sale

Veeco Instruments Company Profile

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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