Veeco Instruments (NASDAQ:VECO) Given New $40.00 Price Target at Citigroup

Veeco Instruments (NASDAQ:VECO) had its price target lifted by Citigroup from $36.00 to $40.00 in a report published on Thursday,Benzinga reports. Citigroup currently has a buy rating on the semiconductor company’s stock.

A number of other analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Veeco Instruments in a report on Wednesday, January 21st. Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.17.

Veeco Instruments Trading Up 7.8%

VECO opened at $30.67 on Thursday. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 51.98 and a beta of 1.19. The company has a quick ratio of 3.62, a current ratio of 5.36 and a debt-to-equity ratio of 0.26. Veeco Instruments has a twelve month low of $16.92 and a twelve month high of $35.77. The company has a 50-day simple moving average of $31.19 and a 200 day simple moving average of $29.23.

Insider Transactions at Veeco Instruments

In related news, CEO William John Miller sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $32.00, for a total value of $800,000.00. Following the completion of the transaction, the chief executive officer owned 464,543 shares in the company, valued at $14,865,376. This trade represents a 5.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Veeco Instruments

Large investors have recently modified their holdings of the business. Inspire Advisors LLC bought a new stake in Veeco Instruments in the third quarter valued at approximately $3,675,000. Old West Investment Management LLC lifted its position in shares of Veeco Instruments by 129.1% in the 3rd quarter. Old West Investment Management LLC now owns 67,632 shares of the semiconductor company’s stock worth $2,058,000 after purchasing an additional 38,114 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Veeco Instruments in the 2nd quarter worth approximately $679,000. Squarepoint Ops LLC boosted its stake in shares of Veeco Instruments by 133.3% in the 2nd quarter. Squarepoint Ops LLC now owns 76,895 shares of the semiconductor company’s stock valued at $1,563,000 after purchasing an additional 43,941 shares during the last quarter. Finally, TradeLink Capital LLC acquired a new stake in shares of Veeco Instruments during the second quarter worth $296,000. Institutional investors own 98.46% of the company’s stock.

Veeco Instruments News Roundup

Here are the key news stories impacting Veeco Instruments this week:

• Positive Sentiment: Citigroup raised its price target on VECO to $40 and assigned a “buy” rating, signaling meaningful upside from current levels and potentially driving bullish investor flows. Citigroup price target raise
• Positive Sentiment: Management guided FY2026 well above street expectations: EPS of $1.50–$1.85 (consensus ~$1.21) and revenue $740–$800M (consensus ~$700.5M). That upward full-year bias is a key reason the stock is trading higher. FY2026 guidance (press release)
• Positive Sentiment: Earnings call highlights noted record semiconductor revenue, indicating strength in Veeco’s core market that supports the bullish FY outlook. Earnings call highlights
• Neutral Sentiment: Full Q4 earnings call transcript is available for detail review; useful for drilling into product-level demand and customer commentary but not new by itself. Earnings call transcript
• Negative Sentiment: Reported Q4 results slightly missed consensus: GAAP EPS $0.24 vs $0.25 expected and revenue $165.02M vs $166.22M expected; revenue was down ~9.4% YoY — a near-term softness investors should note. Q4 earnings report
• Negative Sentiment: Q1 FY2026 guidance came in mixed-to-soft: EPS $0.14–$0.24 (street $0.23) and revenue $150–$170M (street $166.7M) — the lower end implies potential near-term volatility if bookings or seasonality disappoint. Q1 guidance (press release)

Veeco Instruments Company Profile

Veeco Instruments Inc (NASDAQ: VECO) is a leading supplier of process equipment for the semiconductor, data storage, wireless communications, power electronics and advanced packaging industries. The company designs, manufactures and services precision tools used to grow, deposit and etch thin films on substrates, enabling the fabrication of chips, light-emitting diodes (LEDs), micro-electromechanical systems (MEMS) and high-density storage devices. Veeco’s platforms are deployed across fabrication facilities worldwide, where they support key processes in materials science and device manufacturing.

Veeco’s product portfolio spans molecular beam epitaxy (MBE), metal organic chemical vapor deposition (MOCVD), atomic layer deposition (ALD), ion beam etch and deposition, and high-precision wet and dry etch systems.