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

Veeco Instruments (NASDAQ:VECO) posted its 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 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 Stock Performance

Shares of VECO opened at $24.27 on Friday. Veeco Instruments has a 12 month low of $23.00 and a 12 month high of $49.25. The stock has a fifty day moving average price of $26.67 and a 200-day moving average price of $30.08. The company has a current ratio of 3.54, a quick ratio of 2.41 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1.38 billion, a PE ratio of 17.98 and a beta of 1.13.

Analyst Ratings Changes

VECO has been the topic of a number of analyst reports. Citigroup cut their target price on Veeco Instruments from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday. Needham & Company LLC cut their target price on Veeco Instruments from $35.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $35.00 target price (down previously from $40.00) on shares of Veeco Instruments in a research note on Friday, February 7th. The Goldman Sachs Group cut their target price on Veeco Instruments from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, Benchmark dropped their target price on Veeco Instruments from $38.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.43.

Insider Activity

In other Veeco Instruments news, CFO John P. Kiernan sold 2,500 shares of Veeco Instruments stock in a transaction dated 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 sale, the chief financial officer now owns 72,642 shares of the company’s stock, valued at approximately $1,780,455.42. The trade was a 3.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

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.