Veeco Instruments (NASDAQ:VECO) Announces Quarterly Earnings Results

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

Veeco Instruments Trading Up 1.6 %

Shares of VECO stock traded up $0.40 during trading hours on Friday, hitting $24.67. 885,723 shares of the company were exchanged, compared to its average volume of 595,984. The firm has a market cap of $1.40 billion, a PE ratio of 18.27 and a beta of 1.13. Veeco Instruments has a 1 year low of $23.00 and a 1 year high of $49.25. The company has a quick ratio of 2.41, a current ratio of 3.54 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average of $26.60 and a 200 day moving average of $29.83.

Analyst Ratings Changes

A number of brokerages recently issued reports on VECO. Citigroup decreased their price target on shares of Veeco Instruments from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday. Barclays reduced their price objective on shares of Veeco Instruments from $30.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday. StockNews.com downgraded shares of Veeco Instruments from a "hold" rating to a "sell" rating in a research report on Friday. Benchmark reduced their price objective on shares of Veeco Instruments from $38.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Oppenheimer reiterated an "outperform" rating and issued a $35.00 price target (down previously from $40.00) on shares of Veeco Instruments in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Veeco Instruments currently has a consensus rating of "Moderate Buy" and an average price target of $32.43.

Insider Transactions at Veeco Instruments

In other news, CFO John P. Kiernan sold 2,500 shares of the stock in a transaction dated Monday, February 10th. The shares were 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. This represents a 3.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.40% of the company's stock.

About Veeco Instruments

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.