UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.42 Million Stock Holdings in Veeco Instruments Inc. (NASDAQ:VECO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Veeco Instruments Inc. (NASDAQ:VECO - Free Report) by 17.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 164,871 shares of the semiconductor company's stock after purchasing an additional 24,154 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of Veeco Instruments worth $4,419,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Voloridge Investment Management LLC lifted its position in shares of Veeco Instruments by 125.2% during the 4th quarter. Voloridge Investment Management LLC now owns 349,785 shares of the semiconductor company's stock worth $9,374,000 after purchasing an additional 194,495 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Veeco Instruments in the 4th quarter valued at approximately $377,000. Point72 Asset Management L.P. raised its holdings in Veeco Instruments by 3,668.8% in the 4th quarter. Point72 Asset Management L.P. now owns 199,067 shares of the semiconductor company's stock valued at $5,335,000 after acquiring an additional 193,785 shares in the last quarter. ProShare Advisors LLC raised its holdings in Veeco Instruments by 42.3% in the 4th quarter. ProShare Advisors LLC now owns 23,862 shares of the semiconductor company's stock valued at $640,000 after acquiring an additional 7,093 shares in the last quarter. Finally, Man Group plc raised its holdings in Veeco Instruments by 351.9% in the 4th quarter. Man Group plc now owns 53,504 shares of the semiconductor company's stock valued at $1,434,000 after acquiring an additional 41,663 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on VECO shares. Benchmark cut their price target on Veeco Instruments from $38.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Wall Street Zen raised Veeco Instruments from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Oppenheimer reaffirmed an "outperform" rating and issued a $35.00 price target (down previously from $40.00) on shares of Veeco Instruments in a report on Friday, February 7th. Needham & Company LLC cut their price target on Veeco Instruments from $35.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, The Goldman Sachs Group dropped their target price on Veeco Instruments from $27.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.43.

Veeco Instruments Price Performance

Shares of VECO traded down $0.12 during mid-day trading on Thursday, reaching $20.28. The company had a trading volume of 543,681 shares, compared to its average volume of 749,483. The company has a market capitalization of $1.22 billion, a P/E ratio of 16.35 and a beta of 1.13. Veeco Instruments Inc. has a twelve month low of $16.92 and a twelve month high of $49.25. The company's 50-day moving average is $19.31 and its 200-day moving average is $23.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.98 and a quick ratio of 2.69.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. The business had revenue of $167.29 million for the quarter, compared to analyst estimates of $166.00 million. Veeco Instruments had a return on equity of 9.38% and a net margin of 10.28%. Veeco Instruments's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. On average, equities analysts anticipate that Veeco Instruments Inc. will post 0.76 EPS for the current 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.