Veeco Instruments (NASDAQ:VECO) Shares Cross Above 200 Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of Veeco Instruments Inc. (NASDAQ:VECOGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.75 and traded as high as $74.61. Veeco Instruments shares last traded at $70.9440, with a volume of 1,190,091 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VECO. Wall Street Zen raised shares of Veeco Instruments to a “hold” rating in a report on Saturday, June 6th. Zacks Research upgraded shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Needham & Company LLC reissued a “hold” rating on shares of Veeco Instruments in a research report on Thursday, February 26th. Weiss Ratings lowered shares of Veeco Instruments from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 15th. Finally, Citigroup upped their price objective on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Veeco Instruments has a consensus rating of “Hold” and an average price target of $40.60.

Check Out Our Latest Stock Analysis on Veeco Instruments

Veeco Instruments Trading Down 6.0%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.86 and a current ratio of 4.23. The firm has a market cap of $4.33 billion, a PE ratio of 186.72 and a beta of 1.39. The stock has a 50-day simple moving average of $60.39 and a two-hundred day simple moving average of $42.06.

Veeco Instruments (NASDAQ:VECOGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The company had revenue of $158.34 million for the quarter, compared to analysts’ expectations of $160.07 million. During the same period in the previous year, the business earned $0.37 EPS. The business’s revenue was down 5.4% compared to the same quarter last year. 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 anticipate that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Insiders Place Their Bets

In other Veeco Instruments news, Director Richard A. Damore sold 43,701 shares of Veeco Instruments stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $60.71, for a total value of $2,653,087.71. Following the completion of the sale, the director owned 112,594 shares of the company’s stock, valued at approximately $6,835,581.74. The trade was a 27.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William John Miller sold 50,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $58.62, for a total transaction of $2,931,000.00. Following the sale, the chief executive officer owned 369,570 shares of the company’s stock, valued at approximately $21,664,193.40. This represents a 11.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 339,055 shares of company stock worth $20,705,270 in the last 90 days. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VECO. New York Life Investment Management LLC bought a new position in shares of Veeco Instruments in the fourth quarter worth about $1,808,000. Fisher Asset Management LLC grew its stake 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 valued at $52,026,000 after acquiring an additional 495,767 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new stake in Veeco Instruments in the 4th quarter worth approximately $1,572,000. Victory Capital Management Inc. increased its holdings in Veeco Instruments by 11.0% in the 3rd quarter. Victory Capital Management Inc. now owns 746,429 shares of the semiconductor company’s stock worth $22,714,000 after acquiring an additional 74,106 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Veeco Instruments by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,663,310 shares of the semiconductor company’s stock worth $233,195,000 after acquiring an additional 62,016 shares during the period. Institutional investors own 98.46% of the company’s stock.

Veeco Instruments Company Profile

(Get Free Report)

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.

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