John Kiernan Sells 35,000 Shares of Veeco Instruments (NASDAQ:VECO) Stock

Veeco Instruments Inc. (NASDAQ:VECO) CFO John Kiernan sold 35,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $51.05, for a total transaction 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. This represents a 33.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Veeco Instruments Price Performance

Shares of Veeco Instruments stock opened at $53.58 on Friday. The company’s fifty day simple moving average is $60.41 and its two-hundred day simple moving average is $47.92. Veeco Instruments Inc. has a 12-month low of $23.31 and a 12-month high of $86.63. The firm has a market cap of $3.28 billion, a PE ratio of 148.83 and a beta of 1.38. The company has a quick ratio of 2.69, a current ratio of 3.93 and a debt-to-equity ratio of 0.25.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $193.48 million during the quarter, compared to the consensus estimate of $180.08 million. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm 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, equities analysts expect that Veeco Instruments Inc. will post 0.95 EPS for the current year.

Hedge Funds Weigh In On Veeco Instruments

A number of institutional investors have recently added to or reduced their stakes in the company. Tema ETFs LLC bought a new stake in shares of Veeco Instruments during the 2nd quarter valued at $33,000. Allworth Financial LP purchased a new stake in shares of Veeco Instruments in the 2nd quarter worth about $39,000. Quantbot Technologies LP bought a new position in shares of Veeco Instruments in the 2nd quarter worth about $69,000. Smartleaf Asset Management LLC increased its stake in shares of Veeco Instruments by 75.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 1,019 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in 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 during the period. Institutional investors own 98.46% of the company’s stock.

Analyst Upgrades and Downgrades

VECO has been the topic of several research analyst reports. 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. Wall Street Zen raised Veeco Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Veeco Instruments from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Zacks Research downgraded shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Barclays upped their price objective on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Veeco Instruments currently has an average rating of “Hold” and an average target price of $49.33.

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.