Veeco Instruments received multiple orders for advanced semiconductor systems from a leading foundry, supporting AI and photonics applications.
Quiver AI Summary
Veeco Instruments Inc., a leader in semiconductor process equipment, announced that it has secured multiple orders for its advanced wet processing and lithography systems from a prominent foundry, aimed at applications in advanced packaging and silicon photonics. These orders, which will be delivered starting in the first quarter of 2026, support critical markets such as AI, automotive, aerospace, defense, and communications. Senior Vice President Adrian Devasahayam highlighted Veeco's commitment to innovation and partnership in the semiconductor industry. The company's technology, including the WaferStorm, WaferEtch, and AP300 platforms, was chosen for its performance and cost efficiency, enabling next-generation manufacturing processes. Veeco continues to focus on enhancing its technology offerings and expanding its market presence.
Potential Positives
- Veeco Instruments received multiple orders for its advanced wet processing and lithography systems, indicating strong demand and confidence from a leading specialist foundry.
- The systems will support critical end markets such as AI, automotive, aerospace and defense, and communications, reflecting Veeco's strategic alignment with high-growth industries.
- Veeco’s selected platforms, including WaferStorm® and WaferEtch®, are highlighted for their best-in-class performance, which enhances the company's reputation for innovation and technological leadership.
- The scheduled delivery of these orders starting in the first quarter of 2026 signifies future revenue growth opportunities for Veeco.
Potential Negatives
- The press release contains a disclaimer about forward-looking statements, indicating that actual results may differ from expectations, which could raise concerns among investors about the company's future performance.
- While the orders signify growth opportunities, they could also imply that the company is heavily reliant on specific markets (AI, automotive, aerospace, etc.), making it vulnerable to potential downturns in those sectors.
- There is no indication provided about the financial terms or the scale of the orders, which could lead to uncertainty regarding the revenue impact of these new contracts.
FAQ
What recent orders has Veeco Instruments Inc. received?
Veeco has received multiple orders for its advanced wet processing and lithography systems from a leading specialist foundry.
What applications will the new systems support?
The new systems will support advanced packaging and silicon photonics applications in various critical end markets, including AI and automotive.
When are the scheduled deliveries for these orders?
The scheduled deliveries for the most recent orders will start in the first quarter of 2026.
What technologies are offered by Veeco for semiconductor manufacturing?
Veeco offers innovative technologies including laser annealing, ion beam, MOCVD, single wafer etch & clean, and lithography systems.
How does Veeco ensure low cost of ownership for its systems?
Veeco's systems are designed to optimize performance and yield, which helps maintain a low cost of ownership for customers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VECO Insider Trading Activity
$VECO insiders have traded $VECO stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $VECO stock by insiders over the last 6 months:
- WILLIAM JOHN MILLER (CEO) has made 0 purchases and 2 sales selling 50,000 shares for an estimated $1,425,000.
- ADRIAN DEVASAHAYAM (SVP - PRODUCT LINE DEVELOPMENT) has made 0 purchases and 4 sales selling 22,921 shares for an estimated $582,255.
- JOHN P KIERNAN (SVP & CHIEF FINANCIAL OFFICER) sold 2,500 shares for an estimated $51,600
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$VECO Hedge Fund Activity
We have seen 124 institutional investors add shares of $VECO stock to their portfolio, and 104 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WESTFIELD CAPITAL MANAGEMENT CO LP removed 1,059,504 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $21,529,121
- SG CAPITAL MANAGEMENT LLC added 808,114 shares (+inf%) to their portfolio in Q2 2025, for an estimated $16,420,876
- FEDERATED HERMES, INC. added 773,763 shares (+262.1%) to their portfolio in Q2 2025, for an estimated $15,722,864
- LOOMIS SAYLES & CO L P removed 714,708 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $14,522,866
- FMR LLC added 429,943 shares (+279.3%) to their portfolio in Q2 2025, for an estimated $8,736,441
- NEUMEIER POMA INVESTMENT COUNSEL LLC removed 404,852 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $8,226,592
- MILLENNIUM MANAGEMENT LLC removed 397,823 shares (-83.9%) from their portfolio in Q2 2025, for an estimated $8,083,763
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$VECO Analyst Ratings
Wall Street analysts have issued reports on $VECO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Benchmark issued a "Buy" rating on 08/07/2025
To track analyst ratings and price targets for $VECO, check out Quiver Quantitative's $VECO forecast page.
$VECO Price Targets
Multiple analysts have issued price targets for $VECO recently. We have seen 4 analysts offer price targets for $VECO in the last 6 months, with a median target of $24.5.
Here are some recent targets:
- Mark Miller from Benchmark set a target price of $28.0 on 08/07/2025
- Charles Shi from Needham set a target price of $30.0 on 08/07/2025
- Brian Lee from Goldman Sachs set a target price of $20.0 on 05/09/2025
- Tom O'Malley from Barclays set a target price of $21.0 on 05/08/2025
Full Release
PLAINVIEW, N.Y., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO), a global leader in semiconductor process equipment, today announced it has received multiple orders for its advanced wet processing and lithography systems from a leading specialist foundry. The systems will be deployed for advanced packaging and silicon photonics applications, supporting critical end markets including AI, automotive, aerospace and defense, and communications. Scheduled deliveries for the most recent orders will start in the first quarter of 2026.
“These new orders build on our legacy of collaboration with leading customers to deliver enabling technologies that drive innovation and meet the evolving demands of the semiconductor industry,” said Adrian Devasahayam, Senior Vice President, Product Line Management at Veeco. “These orders underscore Veeco’s position as a trusted partner for enabling next-generation device manufacturing in high-growth markets such as artificial intelligence, high-performance computing and silicon photonics. We remain committed to investing in new technologies and expanding our market reach through strategic partnerships and customer-driven innovation.”
Veeco’s WaferStorm ® , WaferEtch ® and AP300™ platforms were selected for their best-in-class process performance, unique capabilities, and low cost of ownership. Veeco’s WaferStorm ® solvent cleaning systems set the industry standard for yield improvement, while WaferEtch ® systems enable precise interconnect and device definition, for improved performance. The company’s lithography systems support next-generation advanced packaging processes, including copper (Cu) pillars for 2.5/3D packaging, flip-chip bumping, fan-out wafer-level packaging (FOWLP), and high-density fan-out packaging.
About Veeco
Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco’s systems and service offerings, visit www.veeco.com .
To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2024, and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.
Veeco Contacts:
Investor Relations: Alex Delacroix | (516) 528-1020 |
[email protected]
Media: Brenden Wright | (410) 984-2610 |
[email protected]
