Recent Analysts’ Ratings Updates for Veeco Instruments (VECO)

Several brokerages have updated their recommendations and price targets on shares of Veeco Instruments (NASDAQ: VECO) in the last few weeks:

• 2/28/2025 – Veeco Instruments was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 2/14/2025 – Veeco Instruments was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 2/13/2025 – Veeco Instruments had its price target lowered by analysts at Barclays PLC from $30.00 to $25.00. They now have an “equal weight” rating on the stock.
• 2/13/2025 – Veeco Instruments had its price target lowered by analysts at Citigroup Inc. from $33.00 to $30.00. They now have a “buy” rating on the stock.
• 2/13/2025 – Veeco Instruments had its price target lowered by analysts at Benchmark Co. from $38.00 to $31.00. They now have a “buy” rating on the stock.
• 2/13/2025 – Veeco Instruments had its price target lowered by analysts at Needham & Company LLC from $35.00 to $29.00. They now have a “buy” rating on the stock.
• 2/7/2025 – Veeco Instruments had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $35.00 price target on the stock, down previously from $40.00.
• 1/6/2025 – Veeco Instruments was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $33.00 price target on the stock.

Veeco Instruments Stock Performance

NASDAQ VECO traded down $0.33 during trading on Thursday, reaching $20.98. The company’s stock had a trading volume of 36,099 shares, compared to its average volume of 658,510. The business’s fifty day moving average price is $25.56 and its 200-day moving average price is $28.75. Veeco Instruments Inc. has a twelve month low of $20.57 and a twelve month high of $49.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.69 and a current ratio of 3.98. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 16.92 and a beta of 1.13.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). Veeco Instruments had a net margin of 10.28% and a return on equity of 9.38%. As a group, analysts anticipate that Veeco Instruments Inc. will post 0.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO John P. Kiernan sold 2,500 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $27.63, for a total transaction of $69,075.00. Following the sale, the chief financial officer now owns 75,142 shares of the company’s stock, valued at approximately $2,076,173.46. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Veeco Instruments

Several institutional investors have recently modified their holdings of the company. Wealthfront Advisers LLC purchased a new stake in Veeco Instruments during the fourth quarter worth $29,676,000. Wasatch Advisors LP grew its position in shares of Veeco Instruments by 50.3% in the third quarter. Wasatch Advisors LP now owns 2,640,649 shares of the semiconductor company’s stock valued at $87,485,000 after purchasing an additional 883,815 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Veeco Instruments in the fourth quarter valued at $14,373,000. The Manufacturers Life Insurance Company increased its position in Veeco Instruments by 24.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,748,172 shares of the semiconductor company’s stock worth $73,651,000 after purchasing an additional 531,821 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Veeco Instruments by 20.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,216,351 shares of the semiconductor company’s stock worth $73,428,000 after purchasing an additional 371,221 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

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.