Veeco Instruments (NASDAQ:VECO) Posts Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Veeco Instruments (NASDAQ:VECO) released its quarterly earnings data on Wednesday. The semiconductor company reported $0.26 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 Price Performance

NASDAQ:VECO opened at $23.65 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.41 and a current ratio of 3.54. The company has a 50-day moving average of $26.74 and a 200-day moving average of $30.12. Veeco Instruments has a 52 week low of $23.00 and a 52 week high of $49.25. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 17.52 and a beta of 1.13.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VECO. The Goldman Sachs Group dropped their price target on shares of Veeco Instruments from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Citigroup raised shares of Veeco Instruments from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Monday, January 6th. StockNews.com raised Veeco Instruments from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Oppenheimer reissued an “outperform” rating and set a $35.00 price objective (down previously from $40.00) on shares of Veeco Instruments in a report on Friday, February 7th. Finally, Benchmark decreased their target price on Veeco Instruments from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Veeco Instruments has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Insider Activity at Veeco Instruments

In related news, CFO John P. Kiernan sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $24.51, for a total transaction of $61,275.00. Following the completion of the transaction, the chief financial officer now owns 72,642 shares in the company, valued at $1,780,455.42. This trade represents a 3.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.

Veeco Instruments Company Profile

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.