Veeco Instruments (NASDAQ:VECO) Director Richard Damore Sells 43,701 Shares

Veeco Instruments Inc. (NASDAQ:VECO) Director Richard Damore sold 43,701 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $60.71, for a total value of $2,653,087.71. Following the transaction, the director directly owned 112,594 shares in the company, valued at $6,835,581.74. This trade represents a 27.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Veeco Instruments Stock Down 5.1%

Veeco Instruments stock traded down $2.99 during midday trading on Monday, hitting $55.65. 1,074,758 shares of the company were exchanged, compared to its average volume of 1,170,745. The company’s fifty day moving average price is $41.73 and its 200-day moving average price is $34.52. The company has a market cap of $3.40 billion, a PE ratio of 146.45 and a beta of 1.36. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86. Veeco Instruments Inc. has a fifty-two week low of $18.85 and a fifty-two week high of $65.43.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). The company had revenue of $158.34 million for the quarter, compared to analyst estimates of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The business’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. 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. On average, research analysts predict that Veeco Instruments Inc. will post 1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Veeco Instruments

A number of institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its position 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 valued at $49,000 after acquiring an additional 1,019 shares in the last quarter. Rockefeller Capital Management L.P. raised its position 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 acquiring an additional 1,370 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Veeco Instruments during the 4th quarter valued at approximately $77,000. Johnson Financial Group Inc. acquired a new stake in shares of Veeco Instruments during the 3rd quarter valued at approximately $91,000. Finally, Global Retirement Partners LLC raised its position 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 valued at $102,000 after acquiring an additional 3,562 shares in the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

About Veeco Instruments

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.