Veeco Instruments Inc. $VECO Shares Newly Acquired by Bridge City Capital LLC

Key Points

• Bridge City Capital LLC acquired 66,634 Veeco Instruments shares worth approximately $3.46 million, while institutional investors collectively own 98.46% of the company.
• Veeco exceeded quarterly expectations, reporting $0.33 in EPS versus $0.26 expected and revenue of $193.48 million, up 16.5% year over year.
• The stock carries a consensus “Hold” rating with an average $52 price target; shares recently opened at $38.87, while the CEO and CFO sold shares under pre-arranged trading plans.

Bridge City Capital LLC bought a new position in shares of Veeco Instruments Inc. (NASDAQ:VECO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 66,634 shares of the semiconductor company's stock, valued at approximately $3,458,000. Bridge City Capital LLC owned approximately 0.11% of Veeco Instruments as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Veeco Instruments in the second quarter valued at approximately $728,127,000. Dimensional Fund Advisors LP boosted its stake in Veeco Instruments by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,374,292 shares of the semiconductor company's stock valued at $80,391,000 after acquiring an additional 68,780 shares during the last quarter. Paradigm Capital Management Inc. NY bought a new stake in Veeco Instruments during the second quarter worth approximately $156,557,000. The Manufacturers Life Insurance Company bought a new stake in Veeco Instruments during the second quarter valued at about $134,434,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Veeco Instruments during the second quarter worth approximately $65,836,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Veeco Instruments Price Performance

NASDAQ VECO opened at $38.87 on Monday. The business has a fifty day moving average price of $46.12 and a 200 day moving average price of $46.82. The company has a market cap of $2.38 billion, a P/E ratio of 107.97 and a beta of 1.41. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.69 and a current ratio of 3.93. Veeco Instruments Inc. has a one year low of $26.00 and a one year high of $86.63.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 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 business 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 anticipate that Veeco Instruments Inc. will post 0.95 EPS for the current fiscal year.

Insider Activity

In other news, CFO John Kiernan sold 35,000 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $51.05, for a total transaction of $1,786,750.00. Following the transaction, the chief financial officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Miller sold 200,000 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $54.18, for a total value of $10,836,000.00. Following the transaction, the chief executive officer owned 169,570 shares of the company's stock, valued at approximately $9,187,302.60. The trade was a 54.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Zacks Research lowered Veeco Instruments from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Oppenheimer reissued an "outperform" rating and issued a $24.00 price target on shares of Veeco Instruments in a report on Wednesday, October 14th. Weiss Ratings cut Veeco Instruments from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, August 21st. Citigroup increased their target price 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, Northland Securities raised Veeco Instruments from a "market perform" rating to an "outperform" rating and set a $66.00 target price for the company in a research report on Monday, September 21st. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Veeco Instruments currently has a consensus rating of "Hold" and an average price target of $52.00.

About Veeco Instruments

Veeco Instruments Inc NASDAQ: VECO develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic devices. Its systems help customers deposit, etch, pattern, anneal and otherwise process thin films and materials at the wafer level.

The company's product portfolio includes metal-organic chemical vapor deposition systems, molecular beam epitaxy equipment, ion beam etch and deposition systems, laser annealing systems, and related process-control and automation technologies.

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