Veeco Instruments Inc. (NASDAQ:VECO – Get Free Report) CEO William John Miller sold 100,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $59.55, for a total transaction of $5,955,000.00. Following the sale, the chief executive officer owned 419,570 shares of the company’s stock, valued at $24,985,393.50. This trade represents a 19.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
William John Miller also recently made the following trade(s):
- On Tuesday, March 3rd, William John Miller sold 50,000 shares of Veeco Instruments stock. The stock was sold at an average price of $31.62, for a total transaction of $1,581,000.00.
Veeco Instruments Price Performance
Shares of Veeco Instruments stock traded up $1.80 during mid-day trading on Monday, reaching $61.22. 2,039,460 shares of the stock were exchanged, compared to its average volume of 1,159,502. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 161.11 and a beta of 1.36. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. The firm has a 50-day simple moving average of $38.26 and a 200 day simple moving average of $33.22. Veeco Instruments Inc. has a fifty-two week low of $18.85 and a fifty-two week high of $65.43.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Advisors LLC bought a new position in Veeco Instruments during the 3rd quarter worth approximately $3,675,000. Old West Investment Management LLC boosted its stake in Veeco Instruments by 129.1% during the 3rd quarter. Old West Investment Management LLC now owns 67,632 shares of the semiconductor company’s stock worth $2,058,000 after acquiring an additional 38,114 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Veeco Instruments by 32.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,324,590 shares of the semiconductor company’s stock worth $40,307,000 after acquiring an additional 325,357 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Veeco Instruments by 11.0% in the third quarter. Victory Capital Management Inc. now owns 746,429 shares of the semiconductor company’s stock valued at $22,714,000 after buying an additional 74,106 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Veeco Instruments by 0.8% in the third quarter. Vanguard Group Inc. now owns 7,663,310 shares of the semiconductor company’s stock valued at $233,195,000 after buying an additional 62,016 shares during the period. Institutional investors own 98.46% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup lifted their price target on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a research report on Thursday, February 26th. Finally, Weiss Ratings cut shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.00.
Get Our Latest Research Report on Veeco Instruments
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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