Maxi Investments CY Ltd purchased a new position in shares of Veeco Instruments Inc. (NASDAQ:VECO – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,000 shares of the semiconductor company’s stock, valued at approximately $1,516,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of VECO. Royal Bank of Canada raised its stake in Veeco Instruments by 29.6% in the first quarter. Royal Bank of Canada now owns 134,088 shares of the semiconductor company’s stock valued at $2,692,000 after buying an additional 30,646 shares during the period. AQR Capital Management LLC increased its position in Veeco Instruments by 51.5% during the 1st quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company’s stock worth $598,000 after buying an additional 10,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Veeco Instruments by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company’s stock worth $664,000 after purchasing an additional 1,434 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Veeco Instruments by 148.0% during the first quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company’s stock worth $9,526,000 after purchasing an additional 283,099 shares during the period. Finally, Woodline Partners LP acquired a new stake in shares of Veeco Instruments in the first quarter valued at approximately $618,000. Institutional investors own 98.46% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. Citigroup boosted their price target on Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Wall Street Zen upgraded Veeco Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings cut Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. Barclays upped their target price on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. Finally, Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Veeco Instruments has a consensus rating of “Hold” and a consensus target price of $49.33.
Veeco Instruments Price Performance
NASDAQ VECO opened at $47.86 on Monday. The business has a fifty day moving average price of $58.38 and a two-hundred day moving average price of $48.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.93 and a quick ratio of 2.69. Veeco Instruments Inc. has a fifty-two week low of $23.31 and a fifty-two week high of $86.63. The stock has a market capitalization of $2.93 billion, a PE ratio of 132.94 and a beta of 1.38.
Veeco Instruments (NASDAQ:VECO – Get Free Report) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The firm had revenue of $193.48 million for the quarter, compared to the consensus estimate of $180.08 million. During the same quarter last year, the business posted $0.20 EPS. The company’s revenue was up 16.5% compared to the same quarter last year. Veeco Instruments has set its FY 2026 guidance at 1.360-1.610 EPS and its Q3 2026 guidance at 0.350-0.490 EPS. Equities analysts expect that Veeco Instruments Inc. will post 0.95 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, SVP Adrian Devasahayam sold 10,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $65.00, for a total value of $650,000.00. Following the completion of the transaction, the senior vice president owned 85,115 shares of the company’s stock, valued at approximately $5,532,475. This represents a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Susan Wilkerson sold 15,506 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $69.56, for a total transaction of $1,078,597.36. Following the completion of the sale, the senior vice president owned 27,468 shares in the company, valued at approximately $1,910,674.08. The trade was a 36.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 393,076 shares of company stock valued at $22,510,281 over the last ninety days. 2.70% of the stock is owned by insiders.
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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