Veeco (NASDAQ:VECO) Instruments Inc. (NASDAQ:VECO) has reported a recent transaction involving the company's SVP of Global Sales & Service, Susan Wilkerson. According to the latest SEC filing, Wilkerson sold a total of 2,519 shares of common stock at prices ranging from $34.54 to $34.58, resulting in a total value of approximately $87,006.
The transaction took place on March 13, 2024, and is part of the executive's trading activities involving both sales and the exercise of stock options. On the same day, Wilkerson also acquired 2,800 shares through the exercise of options, with no cost associated with the transaction as per the company's 2019 Stock Incentive Plan.
Additionally, the filing disclosed that Wilkerson surrendered 981 shares valued at $34.71 each, and another 682 shares at $35.10 each, to cover tax withholding obligations. These transactions, known as "F" transactions, had a combined total value of $57,988.
Following the reported transactions, Wilkerson's direct ownership in Veeco Instruments Inc. consists of 43,675 shares of common stock. The executive's transactions provide insight into the trading behavior of Veeco's insiders and are often closely monitored by investors seeking to understand the confidence level of company leadership in the firm's prospects.
Veeco Instruments Inc., headquartered in Plainview, NY, specializes in the manufacturing of equipment for the semiconductor, lighting, and display industries. The company's stock performance and executive transactions are of significant interest to shareholders and potential investors alike.
InvestingPro Insights
Veeco Instruments Inc. (NASDAQ:VECO) has seen its executive, Susan Wilkerson, engage in notable stock transactions, highlighting the continuous interest in the company's financial health and future prospects. To provide further context to these executive movements, here are some insights based on real-time data from InvestingPro and InvestingPro Tips:
InvestingPro Data highlights a market capitalization of $1.91 billion for Veeco, with a P/E ratio of 22.97, reflecting investor sentiments on the company's earnings potential. The company's revenue for the last twelve months as of Q4 2023 stood at $666.43 million, with a modest growth rate of 3.14%. Despite not paying dividends, Veeco's stock has delivered a strong return of 62.97% over the past year.
InvestingPro Tips suggest that analysts are expecting net income growth this year for Veeco, which could signal a positive outlook for investors considering the company's future profitability. Furthermore, the company's liquid assets surpass its short-term obligations, indicating a healthy financial position to meet immediate liabilities.
For those looking to dive deeper into Veeco's financial metrics and gain an edge in their investment strategy, there are an additional 9 InvestingPro Tips available. These tips provide a comprehensive analysis of Veeco's financial health and future performance, accessible through https://www.investing.com/pro/VECO. Make sure to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and enrich your investment decisions with premium insights.
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