Barrow Hanley Mewhinney & Strauss LLC Buys Shares of 868,548 Veeco Instruments Inc. $VECO

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 868,548 Veeco Instruments shares worth approximately $65.8 million, representing a 1.42% stake. Institutional investors and hedge funds collectively own 98.46% of the company.
• Veeco exceeded quarterly expectations, reporting $0.33 in EPS versus the $0.26 estimate and revenue of $193.48 million versus $180.08 million expected; revenue increased 16.5% year over year.
• Analyst sentiment remains cautious, with one Buy rating and five Holds, producing a consensus Hold rating and $49.33 average price target. Insiders have sold 393,076 shares worth $22.5 million over the past 90 days, including a significant CEO sale.

Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Veeco Instruments Inc. (NASDAQ:VECO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 868,548 shares of the semiconductor company's stock, valued at approximately $65,836,000. Barrow Hanley Mewhinney & Strauss LLC owned about 1.42% of Veeco Instruments at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kendall Capital Management bought a new position in Veeco Instruments during the 2nd quarter worth $339,000. Quantbot Technologies LP bought a new stake in Veeco Instruments in the second quarter valued at $69,000. Callan Family Office LLC bought a new stake in Veeco Instruments in the second quarter valued at $487,000. Allworth Financial LP acquired a new position in shares of Veeco Instruments during the second quarter valued at $39,000. Finally, Vise Technologies Inc. acquired a new position in shares of Veeco Instruments during the second quarter valued at $607,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VECO. Weiss Ratings cut shares of Veeco Instruments from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday. Wall Street Zen upgraded Veeco Instruments from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Citigroup increased their price objective on shares of Veeco Instruments from $60.00 to $63.00 and gave the company a "buy" rating in a report on Monday, August 10th. Zacks Research cut shares of Veeco Instruments from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Finally, Barclays increased their price objective 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. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $49.33.

Veeco Instruments Stock Performance

Veeco Instruments stock opened at $47.86 on Monday. The company's fifty day moving average price is $58.38 and its two-hundred day moving average price is $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 one year low of $23.31 and a one year high of $86.63. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 132.94 and a beta of 1.38.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. The company had revenue of $193.48 million during the quarter, compared to analysts' expectations of $180.08 million. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The business's quarterly revenue was up 16.5% compared to the same quarter last year. 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. On average, 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, SVP Adrian Devasahayam sold 10,000 shares of Veeco Instruments stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $65.00, for a total transaction of $650,000.00. Following the sale, the senior vice president directly owned 85,115 shares in the company, valued at approximately $5,532,475. The trade was a 10.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William John Miller sold 200,000 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $54.18, for a total value of $10,836,000.00. Following the completion of the sale, the chief executive officer directly owned 169,570 shares in the company, valued at approximately $9,187,302.60. This represents a 54.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 393,076 shares of company stock valued at $22,510,281 over the last 90 days. Corporate insiders own 2.70% of the company's stock.

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.

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