Veeco Instruments (NASDAQ:VECO) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Veeco Instruments (NASDAQ:VECO) issued its quarterly earnings data on Wednesday. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14), Zacks reports. Veeco Instruments had a net margin of 11.34% and a return on equity of 10.92%. Veeco Instruments updated its Q1 2025 guidance to 0.260-0.360 EPS.

Veeco Instruments Price Performance

NASDAQ:VECO opened at $24.27 on Friday. Veeco Instruments has a 12 month low of $23.00 and a 12 month high of $49.25. The stock has a 50 day moving average of $26.67 and a two-hundred day moving average of $30.08. The company has a current ratio of 3.54, a quick ratio of 2.41 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1.38 billion, a P/E ratio of 17.98 and a beta of 1.13.

Analysts Set New Price Targets

VECO has been the subject of several analyst reports. Barclays decreased their price objective on Veeco Instruments from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday. The Goldman Sachs Group decreased their price objective on Veeco Instruments from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Citigroup cut their price target on Veeco Instruments from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday. Needham & Company LLC cut their price target on Veeco Instruments from $35.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday. Finally, StockNews.com upgraded Veeco Instruments from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.43.

Insiders Place Their Bets

In other news, CFO John P. Kiernan sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $24.51, for a total transaction of $61,275.00. Following the transaction, the chief financial officer now directly owns 72,642 shares in the company, valued at $1,780,455.42. The trade was a 3.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by company insiders.

Veeco Instruments Company Profile

Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems.