Veeco Instruments (NASDAQ:VECO) Reaches New 1-Year High on Analyst Upgrade

Shares of Veeco Instruments Inc. (NASDAQ:VECO) hit a new 52-week high during mid-day trading on Wednesday after Citigroup raised their price target on the stock from $40.00 to $60.00. Citigroup currently has a buy rating on the stock. Veeco Instruments traded as high as $65.43 and last traded at $57.2930, with a volume of 1240031 shares. The stock had previously closed at $49.54.

A number of other research analysts have also issued reports on VECO. Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a research report on Thursday, February 26th. Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Veeco Instruments in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Veeco Instruments presently has a consensus rating of “Hold” and a consensus price target of $33.60.

Insider Activity at Veeco Instruments

In related news, CEO William John Miller sold 50,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $31.62, for a total value of $1,581,000.00. Following the completion of the transaction, the chief executive officer directly owned 414,543 shares of the company’s stock, valued at approximately $13,107,849.66. This represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Veeco Instruments

Large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its position in Veeco Instruments by 75.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock worth $49,000 after buying an additional 1,019 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Veeco Instruments by 125.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,370 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Veeco Instruments in the 4th quarter worth $77,000. Johnson Financial Group Inc. purchased a new position in shares of Veeco Instruments during the 3rd quarter worth $91,000. Finally, Global Retirement Partners LLC raised its holdings 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 worth $102,000 after acquiring an additional 3,562 shares during the period. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Veeco Instruments Stock Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.20 and a current ratio of 4.23. The firm’s 50-day moving average price is $38.26 and its two-hundred day moving average price is $33.22. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 154.54 and a beta of 1.36.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The firm had revenue of $158.34 million for the quarter, compared to analyst estimates of $160.07 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. Veeco Instruments’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, analysts expect that Veeco Instruments Inc. will post 1.04 EPS for the current fiscal year.

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.