Citigroup Maintains Veeco Instruments (VECO) Buy Recommendation
Fintel reports that on November 12, 2025, Citigroup maintained coverage of Veeco Instruments (NasdaqGS:VECO) with a Buy recommendation.
Analyst Price Forecast Suggests 1.19% Downside
As of November 9, 2025, the average one-year price target for Veeco Instruments is $29.99/share. The forecasts range from a low of $28.28 to a high of $31.50. The average price target represents a decrease of 1.19% from its latest reported closing price of $30.35 / share.
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The projected annual revenue for Veeco Instruments is 743MM, an increase of 9.04%. The projected annual non-GAAP EPS is 1.71.
What is the Fund Sentiment?
There are 497 funds or institutions reporting positions in Veeco Instruments. This is an decrease of 10 owner(s) or 1.97% in the last quarter. Average portfolio weight of all funds dedicated to VECO is 0.14%, an increase of 10.52%. Total shares owned by institutions increased in the last three months by 7.27% to 80,831K shares. 
The put/call ratio of VECO is 0.22, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 3,570K shares representing 5.93% ownership of the company. In its prior filing, the firm reported owning 3,584K shares , representing a decrease of 0.40%. The firm decreased its portfolio allocation in VECO by 0.07% over the last quarter.
Neuberger Berman Group holds 3,457K shares representing 5.75% ownership of the company. In its prior filing, the firm reported owning 3,298K shares , representing an increase of 4.61%. The firm increased its portfolio allocation in VECO by 48.26% over the last quarter.
Wasatch Advisors holds 3,397K shares representing 5.65% ownership of the company. In its prior filing, the firm reported owning 3,239K shares , representing an increase of 4.65%. The firm decreased its portfolio allocation in VECO by 0.41% over the last quarter.
Manufacturers Life Insurance Company, The holds 3,215K shares representing 5.34% ownership of the company. In its prior filing, the firm reported owning 2,930K shares , representing an increase of 8.86%. The firm increased its portfolio allocation in VECO by 4.94% over the last quarter.
Westwood Holdings Group holds 2,726K shares representing 4.53% ownership of the company. In its prior filing, the firm reported owning 16K shares , representing an increase of 99.40%. The firm increased its portfolio allocation in VECO by 16,111.00% over the last quarter.
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This story originally appeared on Fintel.