Veeco Instruments Inc. (NASDAQ:VECO – Get Free Report) Director Gordon Hunter sold 6,752 shares of Veeco Instruments stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $63.78, for a total value of $430,642.56. Following the completion of the transaction, the director owned 28,210 shares in the company, valued at $1,799,233.80. The trade was a 19.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Gordon Hunter also recently made the following trade(s):
- On Tuesday, May 26th, Gordon Hunter sold 17,714 shares of Veeco Instruments stock. The stock was sold at an average price of $61.61, for a total value of $1,091,359.54.
- On Tuesday, May 12th, Gordon Hunter sold 29,532 shares of Veeco Instruments stock. The stock was sold at an average price of $59.41, for a total value of $1,754,496.12.
- On Friday, May 8th, Gordon Hunter sold 7,746 shares of Veeco Instruments stock. The stock was sold at an average price of $58.76, for a total value of $455,154.96.
Veeco Instruments Trading Up 4.4%
Veeco Instruments stock opened at $61.04 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.86 and a current ratio of 4.23. The business’s 50-day simple moving average is $50.38 and its 200-day simple moving average is $37.87. The firm has a market capitalization of $3.73 billion, a PE ratio of 160.64 and a beta of 1.39. Veeco Instruments Inc. has a 52 week low of $19.29 and a 52 week high of $65.43.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Citigroup boosted their price target on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Wall Street Zen raised Veeco Instruments to a “hold” rating in a report on Saturday. Zacks Research raised Veeco Instruments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings downgraded Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $40.60.
View Our Latest Stock Report on Veeco Instruments
Institutional Investors Weigh In On Veeco Instruments
Institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its holdings in Veeco Instruments by 75.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 1,019 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Veeco Instruments by 125.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 1,370 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Veeco Instruments in the 4th quarter worth approximately $77,000. Johnson Financial Group Inc. acquired a new position in shares of Veeco Instruments in the 3rd quarter worth approximately $91,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Veeco Instruments by 16,961.9% in the 4th quarter. Global Retirement Partners LLC now owns 3,583 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 3,562 shares in the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.
Veeco Instruments Company Profile
Veeco Instruments Inc (NASDAQ: VECO) is a leading supplier of process equipment for the semiconductor, data storage, wireless communications, power electronics and advanced packaging industries. The company designs, manufactures and services precision tools used to grow, deposit and etch thin films on substrates, enabling the fabrication of chips, light-emitting diodes (LEDs), micro-electromechanical systems (MEMS) and high-density storage devices. Veeco’s platforms are deployed across fabrication facilities worldwide, where they support key processes in materials science and device manufacturing.
Veeco’s product portfolio spans molecular beam epitaxy (MBE), metal organic chemical vapor deposition (MOCVD), atomic layer deposition (ALD), ion beam etch and deposition, and high-precision wet and dry etch systems.
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