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

Veeco Instruments (NASDAQ:VECO) issued its quarterly earnings results 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 net margin of 11.34% and a return on equity of 10.92%. Veeco Instruments updated its Q1 2025 guidance to 0.260-0.360 EPS.

Veeco Instruments Price Performance

Shares of VECO opened at $23.65 on Thursday. Veeco Instruments has a 12 month low of $23.00 and a 12 month high of $49.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.54 and a quick ratio of 2.41. The stock has a fifty day moving average price of $26.74 and a 200 day moving average price of $30.12. The company has a market cap of $1.34 billion, a P/E ratio of 17.52 and a beta of 1.13.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Veeco Instruments

In related 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 value of $61,275.00. Following the sale, the chief financial officer now owns 72,642 shares of the company’s stock, valued at $1,780,455.42. This trade represents a 3.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is currently owned by company insiders.

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.