Mitsubishi UFJ Asset Management Co. Ltd. Takes $4.86 Million Position in Veeco Instruments Inc. $VECO

Key Points

• Mitsubishi UFJ Asset Management acquired 64,154 Veeco Instruments shares worth approximately $4.86 million, while institutional investors collectively own 98.46% of the company.
• Veeco reported quarterly EPS of $0.33 versus the $0.26 consensus estimate, with revenue of $193.48 million—up 16.5% year over year and above analyst expectations.
• Analyst sentiment remains cautious, with one Buy and five Hold ratings, an average target price of $49.33, and shares opening at $47.86.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Veeco Instruments Inc. (NASDAQ:VECO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 64,154 shares of the semiconductor company's stock, valued at approximately $4,863,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.11% of Veeco Instruments as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Magnetar Financial LLC acquired a new stake in Veeco Instruments in the fourth quarter valued at $48,342,000. Fisher Asset Management LLC lifted its holdings in Veeco Instruments by 37.4% during the 4th quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company's stock worth $52,026,000 after buying an additional 495,767 shares during the period. Millennium Management LLC lifted its holdings in Veeco Instruments by 1,164.3% during the 4th quarter. Millennium Management LLC now owns 477,386 shares of the semiconductor company's stock worth $13,644,000 after buying an additional 439,628 shares during the period. AQR Arbitrage LLC bought a new stake in shares of Veeco Instruments in the 4th quarter valued at about $11,648,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Veeco Instruments by 182.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 582,627 shares of the semiconductor company's stock valued at $16,651,000 after buying an additional 376,553 shares during the last quarter. Institutional investors own 98.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VECO shares. Zacks Research downgraded Veeco Instruments from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Wall Street Zen upgraded Veeco Instruments from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Veeco Instruments from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Citigroup raised their price target on shares of Veeco Instruments from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Finally, Barclays boosted their price target 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. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $49.33.

Veeco Instruments Trading Up 1.4%

NASDAQ VECO opened at $47.86 on Friday. The business has a 50 day simple moving average of $58.38 and a 200 day simple moving average of $48.57. Veeco Instruments Inc. has a one year low of $23.31 and a one year high of $86.63. The stock has a market capitalization of $2.93 billion, a P/E ratio of 132.94 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 (NASDAQ:VECO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $193.48 million for the quarter, compared to analyst estimates of $180.08 million. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The company's revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm 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. Research analysts expect that Veeco Instruments Inc. will post 0.95 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Susan Wilkerson sold 15,506 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $69.56, for a total transaction of $1,078,597.36. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John P. Kiernan sold 35,000 shares of the 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 transaction, the chief financial officer directly owned 68,802 shares in the company, valued at approximately $3,512,342.10. This represents a 33.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 393,076 shares of company stock worth $22,510,281 over the last ninety days. 2.70% of the stock is owned by company 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.

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