Insider Selling: Veeco Instruments (NASDAQ:VECO) Director Sells $455,154.96 in Stock

Veeco Instruments Inc. (NASDAQ:VECO) Director Gordon Hunter sold 7,746 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $58.76, for a total value of $455,154.96. Following the sale, the director owned 82,208 shares in the company, valued at approximately $4,830,542.08. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Gordon Hunter also recently made the following trade(s):

• On Tuesday, May 12th, Gordon Hunter sold 29,532 shares of Veeco Instruments stock. The stock was sold at an average price of $59.41, for a total value of $1,754,496.12.

Veeco Instruments Stock Down 2.0%

VECO opened at $60.26 on Thursday. The business’s fifty day moving average is $40.66 and its two-hundred day moving average is $34.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.86 and a current ratio of 4.23. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 158.58 and a beta of 1.36. Veeco Instruments Inc. has a one year low of $18.85 and a one year high of $65.43.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The company had revenue of $158.34 million for the quarter, compared to analyst estimates of $160.07 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. Veeco Instruments has set its Q2 2026 guidance at 0.200-0.320 EPS and its FY 2026 guidance at 1.500-1.850 EPS. Analysts anticipate that Veeco Instruments Inc. will post 1.04 EPS for the current fiscal year.

Analysts Set New Price Targets

VECO has been the subject of several research reports. Citigroup lifted their price objective on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Zacks Research downgraded Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings downgraded Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $37.00.

Institutional Trading of Veeco Instruments

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of Veeco Instruments by 75.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock worth $49,000 after buying an additional 1,019 shares during the last quarter. Rockefeller Capital Management L.P. increased 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 worth $70,000 after buying an additional 1,370 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Veeco Instruments during the 4th quarter worth $77,000. Johnson Financial Group Inc. acquired a new stake in shares of Veeco Instruments during the 3rd quarter worth $91,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Veeco Instruments by 16,961.9% during the 4th quarter. Global Retirement Partners LLC now owns 3,583 shares of the semiconductor company’s stock worth $102,000 after buying an additional 3,562 shares during the last quarter. 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.