Veeco Instruments (NASDAQ:VECO) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Veeco Instruments Inc. (NASDAQ:VECO)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $46.11 and traded as high as $53.60. Veeco Instruments shares last traded at $51.66, with a volume of 622,483 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently commented on VECO. Citigroup upped their target price on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Zacks Research downgraded Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen upgraded Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Barclays lifted their target price on Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings raised shares of Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Veeco Instruments currently has a consensus rating of “Hold” and a consensus price target of $40.60.

Veeco Instruments Price Performance

The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average price is $62.84 and its 200 day moving average price is $46.11. The company has a market capitalization of $3.15 billion, a P/E ratio of 135.95 and a beta of 1.34.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings results 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). The company had revenue of $158.34 million during 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 company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. 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, sell-side analysts forecast that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Insider Activity

In related news, Director Richard A. Damore sold 43,701 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $60.71, for a total value of $2,653,087.71. Following the completion of the transaction, the director owned 112,594 shares of the company’s stock, valued at $6,835,581.74. The trade was a 27.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William John Miller sold 50,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 369,570 shares of the company’s stock, valued at approximately $21,664,193.40. This trade represents a 11.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 339,055 shares of company stock worth $20,705,270. 2.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Veeco Instruments

Several hedge funds have recently bought and sold shares of VECO. Magnetar Financial LLC acquired a new position in shares of Veeco Instruments in the 4th quarter valued at approximately $48,342,000. Fisher Asset Management LLC boosted its position in shares of 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 acquiring an additional 495,767 shares in the last quarter. Millennium Management LLC boosted its position in shares of 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 acquiring an additional 439,628 shares in the last quarter. AQR Arbitrage LLC bought a new position in Veeco Instruments in the fourth quarter valued at approximately $11,648,000. Finally, Goldman Sachs Group Inc. increased its stake in Veeco Instruments by 182.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 582,627 shares of the semiconductor company’s stock valued at $16,651,000 after acquiring an additional 376,553 shares during the last quarter. 98.46% of the stock is owned by institutional investors.

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.