Insider Selling: Veeco Instruments (NASDAQ:VECO) Director Sells $1,167,811.20 in Stock

Veeco Instruments Inc. (NASDAQ:VECO) Director Gordon Hunter sold 16,974 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $68.80, for a total value of $1,167,811.20. Following the completion of the sale, the director directly owned 11,236 shares in the company, valued at approximately $773,036.80. This trade represents a 60.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, June 4th, Gordon Hunter sold 6,752 shares of Veeco Instruments stock. The shares were sold at an average price of $63.78, for a total value of $430,642.56.
• On Tuesday, May 26th, Gordon Hunter sold 17,714 shares of Veeco Instruments stock. The shares were sold at an average price of $61.61, for a total value of $1,091,359.54.
• On Tuesday, May 12th, Gordon Hunter sold 29,532 shares of Veeco Instruments stock. The shares were sold at an average price of $59.41, for a total value of $1,754,496.12.
• On Friday, May 8th, Gordon Hunter sold 7,746 shares of Veeco Instruments stock. The shares were sold at an average price of $58.76, for a total value of $455,154.96.

Veeco Instruments Stock Up 8.3%

Shares of Veeco Instruments stock opened at $77.48 on Friday. The business’s fifty day moving average price is $53.29 and its two-hundred day moving average price is $39.01. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86. The company has a market capitalization of $4.73 billion, a P/E ratio of 203.90 and a beta of 1.39. Veeco Instruments Inc. has a 1-year low of $19.29 and a 1-year high of $78.60.

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

Hedge Funds Weigh In On Veeco Instruments

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of Veeco Instruments by 17.1% during the 1st quarter. Bank of America Corp DE now owns 286,409 shares of the semiconductor company’s stock valued at $9,698,000 after purchasing an additional 41,925 shares during the period. Atreides Management LP acquired a new position in shares of Veeco Instruments during the 1st quarter valued at $7,921,000. Amundi increased its position in shares of Veeco Instruments by 37.7% during the 1st quarter. Amundi now owns 32,593 shares of the semiconductor company’s stock valued at $1,104,000 after purchasing an additional 8,924 shares during the period. California State Teachers Retirement System increased its position in shares of Veeco Instruments by 29.0% during the 1st quarter. California State Teachers Retirement System now owns 73,789 shares of the semiconductor company’s stock valued at $2,498,000 after purchasing an additional 16,610 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Veeco Instruments by 0.7% during the 1st quarter. Royal Bank of Canada now owns 97,050 shares of the semiconductor company’s stock valued at $3,286,000 after purchasing an additional 632 shares during the period. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen raised Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th. Barclays lifted their target price on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Weiss Ratings downgraded Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Zacks Research upgraded Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.60.

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.