14,068 Shares in Veeco Instruments Inc. (NASDAQ:VECO) Bought by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC acquired a new position in shares of Veeco Instruments Inc. (NASDAQ:VECO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 14,068 shares of the semiconductor company's stock, valued at approximately $377,000.

A number of other institutional investors also recently added to or reduced their stakes in VECO. Raymond James Financial Inc. acquired a new stake in Veeco Instruments in the fourth quarter worth approximately $14,373,000. Smartleaf Asset Management LLC boosted its stake in shares of Veeco Instruments by 257.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,276 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 919 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Veeco Instruments by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 7,477,260 shares of the semiconductor company's stock worth $200,391,000 after purchasing an additional 110,825 shares during the period. Victory Capital Management Inc. raised its holdings in Veeco Instruments by 15.1% during the 4th quarter. Victory Capital Management Inc. now owns 493,039 shares of the semiconductor company's stock worth $13,213,000 after buying an additional 64,824 shares during the period. Finally, Amundi raised its holdings in shares of Veeco Instruments by 191.5% during the fourth quarter. Amundi now owns 29,137 shares of the semiconductor company's stock valued at $820,000 after acquiring an additional 19,140 shares during the period. Institutional investors and hedge funds own 98.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Oppenheimer reissued an "outperform" rating and issued a $35.00 price objective (down from $40.00) on shares of Veeco Instruments in a research note on Friday, February 7th. Citigroup lowered their price objective on Veeco Instruments from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Barclays reduced their price objective on shares of Veeco Instruments from $22.00 to $21.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group dropped their price objective on Veeco Instruments from $27.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Finally, Wall Street Zen upgraded shares of Veeco Instruments from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.43.

Veeco Instruments Trading Down 2.0%

Veeco Instruments stock traded down $0.40 during midday trading on Friday, hitting $19.03. 135,945 shares of the stock were exchanged, compared to its average volume of 741,898. Veeco Instruments Inc. has a 52 week low of $16.92 and a 52 week high of $49.25. The company has a quick ratio of 2.69, a current ratio of 3.98 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.11 billion, a PE ratio of 15.35 and a beta of 1.13. The company has a fifty day simple moving average of $19.62 and a two-hundred day simple moving average of $23.80.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. The business had revenue of $167.29 million for the quarter, compared to analysts' expectations of $166.00 million. Veeco Instruments had a net margin of 10.28% and a return on equity of 9.38%. The firm's revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. Equities research analysts anticipate that Veeco Instruments Inc. will post 0.76 EPS for the current fiscal year.

Veeco Instruments Company Profile

Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems.