Needham has downgraded Veeco Instruments Inc (VECO) to Hold from Buy, a move that underscores growing caution regarding the company's outlook. As of October 2, 2025, VECO's stock is priced at $27.50.
This revision may reflect concerns about competitive pressures, market conditions, or execution risks that could impact Veeco's performance. The company, headquartered in Plainview, New York, specializes in semiconductor process equipment, employing 1,231 full-time staff. Its technologies are integral in the fabrication of advanced semiconductor devices, including those for artificial intelligence (AI), high-performance computing, and 5G networks.
With a market capitalization of $1.7 billion, Veeco's current P/E ratio stands at 34.08, and its EPS is reported at 0.82. Investors may be looking ahead to upcoming earnings reports, with estimates suggesting an EPS of $0.34 and revenue of $176.6 million for August 4, 2026.
Analyst ratings and price targets provide insights based on research and financial models. However, they should be considered alongside other factors such as company fundamentals and industry trends. Ratings can change over time as new information becomes available, and different analysts may hold varying opinions on the same company.