Veeco Instruments (NASDAQ:VECO) Share Price Crosses Above 200 Day Moving Average – Here’s Why

by · The Cerbat Gem

Veeco Instruments Inc. (NASDAQ:VECOGet Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.21 and traded as high as $29.58. Veeco Instruments shares last traded at $29.11, with a volume of 247,562 shares changing hands.

Analyst Ratings Changes

Several brokerages recently commented on VECO. Northland Securities downgraded shares of 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. Needham & Company LLC downgraded shares of Veeco Instruments from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Citigroup increased their price target on Veeco Instruments from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Northland Capmk cut Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Veeco Instruments in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Veeco Instruments currently has a consensus rating of “Hold” and an average price target of $28.57.

Read Our Latest Stock Analysis on VECO

Veeco Instruments Trading Down 1.8%

The stock’s fifty day moving average price is $29.59 and its 200 day moving average price is $26.23. The stock has a market cap of $1.72 billion, a P/E ratio of 34.43 and a beta of 1.17. The company has a current ratio of 5.36, a quick ratio of 3.62 and a debt-to-equity ratio of 0.26.

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

Insiders Place Their Bets

In related 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 owned 464,543 shares in the company, valued at $14,865,376. The trade was a 5.11% 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 currently owned by company insiders.

Hedge Funds Weigh In On Veeco Instruments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Penn Capital Management Company LLC bought a new stake in shares of Veeco Instruments in the 3rd quarter worth $909,000. Westerly Capital Management LLC bought a new stake in Veeco Instruments in the 3rd quarter worth about $304,000. Public Employees Retirement System of Ohio increased its holdings in Veeco Instruments by 4.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 93,761 shares of the semiconductor company’s stock worth $2,853,000 after buying an additional 3,983 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Veeco Instruments in the 3rd quarter worth about $320,000. Finally, Aristotle Capital Boston LLC lifted its stake in Veeco Instruments by 41.6% during the 3rd quarter. Aristotle Capital Boston LLC now owns 617,933 shares of the semiconductor company’s stock valued at $18,804,000 after acquiring an additional 181,670 shares during the period. 98.46% of the stock is owned by institutional investors.

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.

Recommended Stories