Veeco Instruments Inc. $VECO Shares Sold by Algert Global LLC

Key Points

• Algert Global cut its Veeco Instruments stake by 86.2% in the second quarter, selling 34,590 shares and retaining 5,550 shares worth approximately $421,000. Institutional investors collectively own 98.46% of the company.
• Veeco exceeded quarterly expectations, reporting adjusted EPS of $0.33 versus the $0.26 consensus and revenue of $193.48 million, up 16.5% year over year. Management guided to fiscal 2026 EPS of $1.36–$1.61.
• Company insiders sold 334,232 shares valued at $18.9 million during the latest quarter, while analysts maintain a generally cautious outlook: one Buy rating and five Holds, with an average price target of $49.33.

Algert Global LLC reduced its holdings in Veeco Instruments Inc. (NASDAQ:VECO - Free Report) by 86.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,550 shares of the semiconductor company's stock after selling 34,590 shares during the quarter. Algert Global LLC's holdings in Veeco Instruments were worth $421,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Veeco Instruments in the second quarter valued at approximately $728,127,000. Wasatch Advisors LP lifted its position in Veeco Instruments by 4.9% during the 2nd quarter. Wasatch Advisors LP now owns 3,396,804 shares of the semiconductor company's stock valued at $69,023,000 after purchasing an additional 157,978 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Veeco Instruments by 9.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,215,031 shares of the semiconductor company's stock valued at $65,329,000 after acquiring an additional 284,716 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Veeco Instruments by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,481,803 shares of the semiconductor company's stock worth $75,521,000 after buying an additional 26,248 shares during the period. Finally, Paradigm Capital Management Inc. NY grew its position in Veeco Instruments by 1.3% in the second quarter. Paradigm Capital Management Inc. NY now owns 2,410,000 shares of the semiconductor company's stock valued at $48,971,000 after purchasing an additional 30,000 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company's stock.

Insider Buying and Selling at Veeco Instruments

In related news, SVP Susan Wilkerson sold 15,506 shares of the business's stock in a transaction on 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 transaction, the senior vice president directly owned 27,468 shares in the company, valued at $1,910,674.08. The trade was a 36.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Adrian Devasahayam sold 10,000 shares of the firm's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $65.00, for a total transaction of $650,000.00. Following the completion of the transaction, the senior vice president directly owned 85,115 shares of the company's stock, valued at approximately $5,532,475. This represents a 10.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 334,232 shares of company stock valued at $18,880,801. 2.70% of the stock is owned by corporate insiders.

Veeco Instruments Price Performance

VECO opened at $44.29 on Monday. The stock has a market capitalization of $2.71 billion, a P/E ratio of 123.03 and a beta of 1.38. Veeco Instruments Inc. has a 52-week low of $23.31 and a 52-week high of $86.63. 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 company's 50-day simple moving average is $55.15 and its two-hundred day simple moving average is $49.26.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Zacks Research cut shares of Veeco Instruments from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Wall Street Zen upgraded Veeco Instruments from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. 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 target price on shares of Veeco Instruments from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Finally, Barclays increased their price objective on Veeco Instruments from $30.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $49.33.

Veeco Instruments 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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