Jupiter Topco LLC Makes New $2.16 Million Investment in Veeco Instruments Inc. $VECO

Key Points

• Jupiter Topco LLC initiated a $2.16 million position in Veeco Instruments during the second quarter, while institutional investors collectively own 98.46% of the company.
• Veeco exceeded quarterly expectations, reporting $0.33 in EPS versus a $0.26 estimate and $193.48 million in revenue, up 16.5% year over year. The company’s FY 2026 EPS guidance is $1.36–$1.61.
• Insiders sold 277,480 shares worth $15.5 million over the past 90 days, while analysts maintain a consensus “Hold” rating with an average price target of $49.33.

Jupiter Topco LLC bought a new position in shares of Veeco Instruments Inc. (NASDAQ:VECO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 28,511 shares of the semiconductor company's stock, valued at approximately $2,162,000.

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

Insider Transactions at Veeco Instruments

In other news, SVP Susan Wilkerson sold 15,506 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $1,910,674.08. This represents a 36.08% 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, CFO John P. Kiernan sold 35,000 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $51.05, for a total value of $1,786,750.00. Following the completion of the sale, the chief financial officer owned 68,802 shares in the company, valued at approximately $3,512,342.10. The trade was a 33.72% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 277,480 shares of company stock valued at $15,519,159. 2.70% of the stock is owned by corporate insiders.

Veeco Instruments Price Performance

Veeco Instruments stock opened at $42.55 on Friday. The company has a current ratio of 3.93, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $52.61 and a 200 day moving average price of $49.56. Veeco Instruments Inc. has a 12-month low of $23.31 and a 12-month high of $86.63. The stock has a market cap of $2.60 billion, a P/E ratio of 118.19 and a beta of 1.37.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last announced 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 company had revenue of $193.48 million during the quarter, compared to analyst estimates of $180.08 million. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. Veeco Instruments's revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Sell-side analysts anticipate that Veeco Instruments Inc. will post 0.95 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VECO. Zacks Research lowered Veeco Instruments from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Barclays upped 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 report on Tuesday, May 19th. Weiss Ratings downgraded shares of Veeco Instruments from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, August 21st. Wall Street Zen raised shares of Veeco Instruments from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Citigroup raised their price target on shares of Veeco Instruments from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Monday, August 10th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $49.33.

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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