71,199 Shares in Veeco Instruments Inc. $VECO Acquired by Deutsche Bank AG

Deutsche Bank AG acquired a new stake in shares of Veeco Instruments Inc. (NASDAQ:VECO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 71,199 shares of the semiconductor company's stock, valued at approximately $5,397,000. Deutsche Bank AG owned about 0.12% of Veeco Instruments as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Perigon Wealth Management LLC bought a new stake in shares of Veeco Instruments during the 2nd quarter valued at $204,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Veeco Instruments during the 2nd quarter valued at approximately $4,863,000. Old West Investment Management LLC bought a new stake in Veeco Instruments in the second quarter worth $4,732,000. Global Retirement Partners LLC bought a new stake in Veeco Instruments during the second quarter worth approximately $318,000. Finally, GSA Capital Partners LLP bought a new position in shares of Veeco Instruments during the 2nd quarter valued at approximately $957,000. Institutional investors own 98.46% of the company's stock.

Analyst Ratings Changes

VECO has been the subject of a number of research analyst reports. Wall Street Zen raised 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 research note on Friday. Barclays lifted their price target on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 19th. Zacks Research cut shares of Veeco Instruments from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Finally, Citigroup upped their target price on Veeco Instruments from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $49.33.

Veeco Instruments Stock Down 2.3%

VECO stock opened at $46.76 on Tuesday. The firm has a 50-day moving average of $57.66 and a two-hundred day moving average of $48.80. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 129.89 and a beta of 1.38. The company has a current ratio of 3.93, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25. Veeco Instruments Inc. has a 12 month low of $23.31 and a 12 month high of $86.63.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last posted 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 return on equity of 3.52% and a net margin of 3.40%.The business had revenue of $193.48 million for the quarter, compared to analyst estimates of $180.08 million. During the same quarter in the previous year, the firm earned $0.20 EPS. The company's quarterly 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. As a group, analysts forecast that Veeco Instruments Inc. will post 0.95 earnings per share for the current fiscal year.

Insider Transactions at Veeco Instruments

In other news, CFO John P. Kiernan sold 35,000 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $51.05, for a total transaction of $1,786,750.00. Following the sale, the chief financial officer owned 68,802 shares of the company's stock, valued at approximately $3,512,342.10. This represents a 33.72% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan Wilkerson sold 15,506 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $69.56, for a total transaction of $1,078,597.36. Following the sale, the senior vice president owned 27,468 shares in the company, valued at $1,910,674.08. The trade was a 36.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 334,232 shares of company stock valued at $18,880,801. 2.70% of the stock is owned by corporate insiders.

Veeco Instruments 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.

Want to see what other hedge funds are holding VECO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veeco Instruments Inc. (NASDAQ:VECO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source