Veeco Instruments (NASDAQ:VECO) CFO Sells $1,786,750.00 in Stock

Key Points

• Veeco CFO John Kiernan sold 35,000 shares for approximately $1.79 million at an average price of $51.05, reducing his ownership by 33.72%. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Veeco shares rose 6.2% to $53.26, while the company reported quarterly EPS of $0.33 and revenue of $193.48 million, exceeding analyst expectations and reflecting 16.5% year-over-year revenue growth.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $49.33 target price. Institutional investors own 98.46% of the stock.

Veeco Instruments Inc. (NASDAQ:VECO - Get Free Report) CFO John Kiernan sold 35,000 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer owned 68,802 shares of the company's stock, valued at $3,512,342.10. The trade was a 33.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Veeco Instruments Stock Up 6.2%

Shares of VECO traded up $3.11 during trading hours on Wednesday, reaching $53.26. The company's stock had a trading volume of 781,160 shares, compared to its average volume of 1,244,202. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 147.94 and a beta of 1.38. Veeco Instruments Inc. has a 1-year low of $23.31 and a 1-year high of $86.63. The company has a quick ratio of 2.69, a current ratio of 3.93 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $60.76 and a two-hundred day moving average of $47.63.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $180.08 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm's revenue was up 16.5% compared to the same quarter last year. 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, research analysts predict that Veeco Instruments Inc. will post 1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VECO. Barclays lifted their target price on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 19th. Wall Street Zen upgraded Veeco Instruments from a "hold" rating to a "buy" rating in a report on Saturday. Zacks Research cut Veeco Instruments from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Weiss Ratings upgraded Veeco Instruments from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, August 6th. Finally, Citigroup boosted 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. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $49.33.

Institutional Trading of Veeco Instruments

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in shares of Veeco Instruments by 29.6% during the 1st quarter. Royal Bank of Canada now owns 134,088 shares of the semiconductor company's stock valued at $2,692,000 after purchasing an additional 30,646 shares in the last quarter. AQR Capital Management LLC raised its holdings in Veeco Instruments by 51.5% during the first quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company's stock valued at $598,000 after buying an additional 10,122 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Veeco Instruments by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company's stock valued at $664,000 after buying an additional 1,434 shares in the last quarter. Millennium Management LLC lifted its position in shares of Veeco Instruments by 148.0% in the first quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company's stock worth $9,526,000 after buying an additional 283,099 shares during the last quarter. Finally, Woodline Partners LP bought a new stake in shares of Veeco Instruments during the 1st quarter worth about $618,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

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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