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

Veeco Instruments (NASDAQ:VECO) posted its quarterly earnings data on Wednesday. The semiconductor company reported $0.26 earnings per share for the quarter, missing the consensus estimate 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 Down 0.1 %

NASDAQ VECO traded down $0.03 on Wednesday, hitting $23.65. 879,483 shares of the company were exchanged, compared to its average volume of 672,464. The company’s 50 day moving average price is $26.84 and its 200-day moving average price is $30.17. 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 firm has a market capitalization of $1.34 billion, a P/E ratio of 17.52 and a beta of 1.13. Veeco Instruments has a twelve month low of $23.00 and a twelve month high of $49.25.

Insiders Place Their Bets

In other news, CFO John P. Kiernan sold 2,500 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $24.51, for a total value of $61,275.00. Following the transaction, the chief financial officer now 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

VECO has been the subject of a number of research analyst reports. StockNews.com raised shares of Veeco Instruments from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Oppenheimer reissued an “outperform” rating and issued a $35.00 price target (down from $40.00) on shares of Veeco Instruments in a report on Friday, February 7th. Benchmark cut their price target on shares of Veeco Instruments from $42.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Citigroup raised shares of Veeco Instruments from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Monday, January 6th. Finally, The Goldman Sachs Group cut their price target on shares of Veeco Instruments from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Three research 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, Veeco Instruments currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

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.