Veeco Instruments (NASDAQ:VECO) Hits New 12-Month High – Here’s Why

Shares of Veeco Instruments Inc. (NASDAQ:VECO) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $80.10 and last traded at $84.5680, with a volume of 25657 shares. The stock had previously closed at $77.48.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VECO. Wall Street Zen raised shares of Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Zacks Research raised shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Veeco Instruments in a research report on Thursday, February 26th. Citigroup boosted their target price on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Barclays lifted their price target on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.60.

Veeco Instruments Price Performance

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’s 50 day moving average price is $55.08 and its 200 day moving average price is $39.79. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 197.90 and a beta of 1.39.

Veeco Instruments (NASDAQ:VECO) last issued its 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). Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The firm had revenue of $158.34 million during the quarter, compared to analyst estimates of $160.07 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The firm’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. On average, equities research analysts predict that Veeco Instruments Inc. will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO William John Miller sold 50,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $58.62, for a total value of $2,931,000.00. Following the sale, the chief executive officer owned 369,570 shares in the company, valued at approximately $21,664,193.40. The trade was a 11.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan Wilkerson sold 15,506 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $69.56, for a total transaction of $1,078,597.36. Following the completion of the sale, the senior vice president owned 27,468 shares in the company, valued at $1,910,674.08. This represents a 36.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 339,055 shares of company stock worth $20,705,270 in the last three months. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VECO. Magnetar Financial LLC acquired a new position in Veeco Instruments during the 4th quarter worth about $48,342,000. American Century Companies Inc. lifted its position in Veeco Instruments by 920.1% during the 3rd quarter. American Century Companies Inc. now owns 676,502 shares of the semiconductor company’s stock worth $20,586,000 after buying an additional 610,187 shares in the last quarter. Fisher Asset Management LLC lifted its position in Veeco Instruments by 37.4% during the 4th quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock worth $52,026,000 after buying an additional 495,767 shares in the last quarter. Millennium Management LLC raised its holdings in Veeco Instruments by 1,164.3% during the 4th quarter. Millennium Management LLC now owns 477,386 shares of the semiconductor company’s stock worth $13,644,000 after purchasing an additional 439,628 shares during the last quarter. Finally, AQR Arbitrage LLC bought a new stake in Veeco Instruments during the 4th quarter worth about $11,648,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

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.