Atreides Management LP bought a new stake in Veeco Instruments Inc. (NASDAQ:VECO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 237,919 shares of the semiconductor company's stock, valued at approximately $18,034,000. Atreides Management LP owned about 0.39% of Veeco Instruments as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of VECO. BlackRock Inc. bought a new position in shares of Veeco Instruments during the 2nd quarter worth approximately $728,127,000. Paradigm Capital Management Inc. NY bought a new position in Veeco Instruments during the second quarter worth $156,557,000. The Manufacturers Life Insurance Company acquired a new position in shares of Veeco Instruments in the second quarter valued at $134,434,000. Magnetar Financial LLC bought a new position in shares of Veeco Instruments in the fourth quarter valued at about $48,342,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Veeco Instruments in the second quarter valued at about $65,836,000. Institutional investors own 98.46% of the company's stock.
Veeco Instruments Stock Performance
Shares of NASDAQ:VECO opened at $46.17 on Thursday. The company's 50 day simple moving average is $56.51 and its 200 day simple moving average is $49.05. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 128.25 and a beta of 1.38. 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 1 year low of $23.31 and a 1 year high of $86.63.
Veeco Instruments (NASDAQ:VECO - Get Free Report) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $193.48 million during the quarter, compared to analysts' expectations of $180.08 million. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The company's quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 earnings per share. 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, research analysts predict that Veeco Instruments Inc. will post 0.95 EPS for the current fiscal year.
Insider Transactions at Veeco Instruments
In other news, CEO William John Miller sold 200,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $54.18, for a total value of $10,836,000.00. Following the completion of the transaction, the chief executive officer owned 169,570 shares of the company's stock, valued at $9,187,302.60. This represents a 54.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John P. Kiernan sold 35,000 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $51.05, for a total transaction of $1,786,750.00. Following the completion of the transaction, the chief financial officer owned 68,802 shares of the company's stock, valued at approximately $3,512,342.10. This trade represents a 33.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 334,232 shares of company stock valued at $18,880,801. 2.70% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Barclays boosted their price objective on Veeco Instruments from $30.00 to $55.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 19th. Wall Street Zen raised Veeco Instruments from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Zacks Research downgraded Veeco Instruments from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Citigroup upped their price objective on Veeco Instruments from $60.00 to $63.00 and gave the company a "buy" rating in a report on Monday, August 10th. Finally, Weiss Ratings cut Veeco Instruments from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $49.33.
Get Our Latest Stock Analysis on Veeco Instruments
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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