Veeco Instruments (NASDAQ:VECO) Updates Q1 2025 Earnings Guidance

On Wednesday morning, Veeco Instruments (NASDAQ:VECO) revealed its updated earnings guidance for the first quarter of 2025. The company projects an earnings per share (EPS) between 0.260 and 0.360, which is lower than the consensus estimate of 0.390. Additionally, Veeco has provided revenue guidance of $155.0 million to $175.0 million, compared to the market's consensus estimate of $174.3 million.

Wall Street Analysts Predict Future Growth

Several financial firms have released their assessments of Veeco Instruments. Citigroup has revised its rating on Veeco from "neutral" to "buy," establishing a target price of $33.00 for the stock. In another report, Benchmark has adjusted its price objective down from $42.00 to $38.00 while maintaining a "buy" recommendation. Additionally, the Goldman Sachs Group has lowered its target price from $35.00 to $30.00, rating it as "neutral." Oppenheimer has reiterated an "outperform" rating with a new target price of $35.00, decreased from $40.00. Furthermore, StockNews.com has upgraded Veeco from a "sell" to a "hold" rating. Currently, three analysts recommend holding the stock, while five analysts have given it a buy rating, yielding a consensus rating of "Moderate Buy" and an average price target of $39.00 according to MarketBeat data.

Veeco Instruments Stock Performance

During midday trading on Wednesday, Veeco shares declined by $0.03, reaching $23.65. A total of 879,483 shares changed hands against an average trading volume of 672,464. The stock has hit a low of $23.00 and a high of $49.25 within the past year. Veeco Instruments has a market capitalization of $1.34 billion, a price-to-earnings (P/E) ratio of 17.52, and a beta of 1.13. Its current ratio is 3.54, and it has a quick ratio of 2.41, alongside a debt-to-equity ratio of 0.33. The 50-day moving average price stands at $26.84, while the 200-day moving average is $30.17.

Insider Transactions

In related news, Chief Financial Officer John P. Kiernan sold 2,500 shares of Veeco's stock on February 10th for an average price of $24.51 each, totaling $61,275. As a result of this transaction, Kiernan now holds 72,642 shares, valued at approximately $1,780,455. This sale represents a 3.33% reduction in his ownership. Details of the transaction have been submitted to the Securities and Exchange Commission and are publicly accessible. Currently, company insiders own around 2.40% of the stock.

About Veeco Instruments

Veeco Instruments Inc., along with its subsidiaries, is engaged in the development, manufacturing, sale, and support of semiconductor and thin film process equipment used primarily in producing electronic devices. The company's operations span the United States, Europe, the Middle East, Africa, China, and other regions across the Asia-Pacific.

Earnings, Stocks, Guidance