Equitable Holdings Inc. Invests $2.08 Million in Veeco Instruments Inc. $VECO

Equitable Holdings Inc. acquired a new stake in Veeco Instruments Inc. (NASDAQ:VECOFree Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 27,430 shares of the semiconductor company’s stock, valued at approximately $2,079,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Veeco Instruments in the 2nd quarter worth approximately $728,127,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Veeco Instruments during the 2nd quarter valued at approximately $156,557,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Veeco Instruments during the 2nd quarter valued at approximately $134,434,000. Magnetar Financial LLC bought a new position in Veeco Instruments during the fourth quarter worth $48,342,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in Veeco Instruments during the second quarter worth $65,836,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

Veeco Instruments Stock Performance

VECO stock opened at $44.29 on Friday. Veeco Instruments Inc. has a 1 year low of $23.31 and a 1 year high of $86.63. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 123.03 and a beta of 1.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.69 and a current ratio of 3.93. The stock’s fifty day moving average is $55.15 and its two-hundred day moving average is $49.13.

Veeco Instruments (NASDAQ:VECOGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The business had revenue of $193.48 million during the quarter, compared to analyst estimates of $180.08 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. 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. On average, research analysts predict that Veeco Instruments Inc. will post 0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

VECO has been the subject of several recent research reports. Zacks Research lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Citigroup boosted their price objective on shares of Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Barclays increased their price objective on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Weiss Ratings cut shares of Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Finally, Wall Street Zen upgraded Veeco Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.33.

View Our Latest Stock Analysis on Veeco Instruments

Insider Activity

In other Veeco Instruments news, SVP Adrian Devasahayam sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $65.00, for a total value of $650,000.00. Following the sale, the senior vice president owned 85,115 shares in the company, valued at approximately $5,532,475. This trade represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Susan Wilkerson sold 15,506 shares of Veeco Instruments stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $69.56, for a total value of $1,078,597.36. Following the sale, the senior vice president directly owned 27,468 shares in the company, valued at approximately $1,910,674.08. This trade represents a 36.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 334,232 shares of company stock worth $18,880,801 over the last three months. Insiders own 2.70% of the company’s stock.

About Veeco Instruments

(Free Report)

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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Institutional Ownership by Quarter for Veeco Instruments (NASDAQ:VECO)

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