Veeco Instruments (NASDAQ:VECO) Shares Gap Up – Time to Buy?

by · The Cerbat Gem

Veeco Instruments Inc. (NASDAQ:VECOGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $33.28, but opened at $35.26. Veeco Instruments shares last traded at $34.98, with a volume of 45,292 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Needham & Company LLC cut shares of Veeco Instruments from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Veeco Instruments in a research report on Wednesday, October 8th. Northland Capmk lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Citigroup boosted their price objective on Veeco Instruments from $29.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Finally, Northland Securities lowered Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price objective for the company. in a research note on Tuesday, October 7th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.57.

Check Out Our Latest Analysis on Veeco Instruments

Veeco Instruments Trading Down 3.3%

The stock has a fifty day moving average of $30.34 and a 200-day moving average of $27.19. The company has a market cap of $1.99 billion, a PE ratio of 39.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.62 and a current ratio of 5.36.

Veeco Instruments (NASDAQ:VECOGet Free Report) last released its earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08. The business had revenue of $165.88 million during the quarter, compared to the consensus estimate of $160.49 million. Veeco Instruments had a return on equity of 6.35% and a net margin of 7.23%.The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Veeco Instruments has set its Q4 2025 guidance at 0.160-0.320 EPS. Sell-side analysts anticipate that Veeco Instruments Inc. will post 0.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Veeco Instruments news, CEO William John Miller sold 25,000 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $32.00, for a total value of $800,000.00. Following the transaction, the chief executive officer directly owned 464,543 shares in the company, valued at $14,865,376. This represents a 5.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in shares of Veeco Instruments by 75.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 1,019 shares during the period. Hantz Financial Services Inc. increased its position in Veeco Instruments by 49,728.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,488 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 3,481 shares during the period. Signaturefd LLC raised its holdings in shares of Veeco Instruments by 42.2% in the 2nd quarter. Signaturefd LLC now owns 4,465 shares of the semiconductor company’s stock valued at $91,000 after purchasing an additional 1,326 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Veeco Instruments in the 3rd quarter worth approximately $91,000. Finally, CWM LLC boosted its stake in shares of Veeco Instruments by 329.7% during the second quarter. CWM LLC now owns 4,632 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 3,554 shares in the last quarter. Institutional investors own 98.46% of the company’s stock.

About Veeco Instruments

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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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