VECO

Veeco Instruments Inc.

Technology · $2.5B market cap

Share price

$57.38

close of Oct 3, 2026

Fair value

$23.33

Sticker Price

Payback Price

$9.33

buy price

Overpriced

VECO is Overpriced: at $57.38 it trades 146% above its fair value of $23.33. Its buy price (Payback Price) is $9.33, 84% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Owner Earnings. Earnings have been shrinking, but the business still generates cash, so we value it on its cash flow instead of its earnings.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth-0.9% a year✗

Equity per share growth-0.5% a year✗

Sales growth2.6% a year✗

Free cash flow growth1.2% a year✗

Return on invested capital5.3%✗

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Superinvestors

3 of the investors we track hold VECO. In Q2 2026, 1 opened a position and 2 added. Who we track

First Eagle Investment Management

First Eagle Investment Management · as of Q2 2026

$35.2M

463,853 shares

Polen Capital Management

Polen Capital Management · as of Q2 2026

$3.7M

48,314 shares

Lee Ainslie

Maverick Capital · as of Q2 2026

$465K

6,133 shares

Moves in Q2 2026

New position: Lee Ainslie

Added: Polen Capital Management, First Eagle Investment Management

Insider activity

Since Aug 10, 2026: no open-market purchases, 8 sales worth $12.6M and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Sales

Miller William John

CEO · 2026-08-17

Sold

$3.9M

Miller William John

CEO · 2026-08-17

Sold

$6.7M

Miller William John

CEO · 2026-08-17

Sold

$315K

KIERNAN JOHN P