Veeco Instruments (NASDAQ:VECO) Rating Increased to Outperform at Northland Securities

Northland Securities upgraded shares of Veeco Instruments (NASDAQ:VECO) from a market perform rating to an outperform rating in a research note issued to investors on Monday morning, MarketBeat reports. The brokerage currently has $66.00 target price on the semiconductor company’s stock.

A number of other research firms have also weighed in on VECO. Weiss Ratings lowered shares of Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Wall Street Zen raised Veeco Instruments from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 12th. Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Citigroup lifted their price objective on Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $61.33.

Veeco Instruments Trading Up 3.5%

Shares of VECO stock opened at $44.22 on Monday. Veeco Instruments has a 12 month low of $26.00 and a 12 month high of $86.63. The company has a market cap of $2.70 billion, a PE ratio of 122.83 and a beta of 1.37. The company has a quick ratio of 2.69, a current ratio of 3.93 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $48.32 and its two-hundred day moving average is $50.62.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $193.48 million during the quarter, compared to analysts’ expectations of $180.08 million. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. Veeco Instruments’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the company earned $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. Equities analysts predict that Veeco Instruments will post 0.95 EPS for the current year.

Insider Activity at Veeco Instruments

In related news, CFO John P. Kiernan sold 35,000 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $51.05, for a total value of $1,786,750.00. Following the completion of the transaction, the chief financial officer directly owned 68,802 shares in the company, valued at approximately $3,512,342.10. This represents a 33.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Miller sold 200,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $54.18, for a total value of $10,836,000.00. Following the completion of the transaction, the chief executive officer directly owned 169,570 shares of the company’s stock, valued at approximately $9,187,302.60. This trade represents a 54.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Veeco Instruments

A number of hedge funds have recently made changes to their positions in the business. Tema ETFs LLC acquired a new stake in shares of Veeco Instruments in the 2nd quarter valued at about $33,000. Allworth Financial LP acquired a new position in shares of Veeco Instruments during the second quarter worth about $39,000. Royal Bank of Canada grew its holdings in shares of Veeco Instruments by 0.7% during the first quarter. Royal Bank of Canada now owns 97,050 shares of the semiconductor company’s stock worth $3,286,000 after buying an additional 632 shares in the last quarter. Nykredit A S bought a new position in shares of Veeco Instruments during the second quarter worth about $49,000. Finally, Quantbot Technologies LP acquired a new stake in Veeco Instruments in the 2nd quarter valued at approximately $69,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

Veeco Instruments Company Profile

Veeco Instruments Inc develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic components. Its systems support processes such as thin-film deposition, etching, lithography-related applications, and thermal processing, helping manufacturers create and refine microscopic structures on wafers and other materials.

The company’s product portfolio includes metal-organic chemical vapor deposition systems for compound semiconductors, ion beam etch and deposition equipment, laser annealing systems, and other wafer-processing technologies.