Veeco Instruments Inc. $VECO Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC increased its holdings in shares of Veeco Instruments Inc. (NASDAQ:VECO - Free Report) by 53.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,710 shares of the semiconductor company's stock after purchasing an additional 16,643 shares during the period. Voya Investment Management LLC owned 0.08% of Veeco Instruments worth $958,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Inspire Investing LLC increased its holdings in shares of Veeco Instruments by 15.9% in the 1st quarter. Inspire Investing LLC now owns 17,256 shares of the semiconductor company's stock valued at $346,000 after purchasing an additional 2,370 shares in the last quarter. Rhumbline Advisers increased its holdings in Veeco Instruments by 8.3% during the 1st quarter. Rhumbline Advisers now owns 176,679 shares of the semiconductor company's stock valued at $3,548,000 after acquiring an additional 13,613 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Veeco Instruments by 17.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 192,818 shares of the semiconductor company's stock valued at $3,872,000 after acquiring an additional 27,947 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Veeco Instruments during the first quarter worth about $618,000. Finally, Caxton Associates LLP purchased a new stake in shares of Veeco Instruments during the first quarter worth about $365,000. Institutional investors and hedge funds own 98.46% of the company's stock.

Veeco Instruments Price Performance

Shares of NASDAQ VECO opened at $29.27 on Thursday. Veeco Instruments Inc. has a twelve month low of $16.92 and a twelve month high of $34.34. The company has a current ratio of 5.10, a quick ratio of 3.43 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 28.70 and a beta of 1.23. The firm has a 50-day moving average of $23.96 and a two-hundred day moving average of $21.43.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.14. Veeco Instruments had a net margin of 8.65% and a return on equity of 7.38%. The company had revenue of $166.10 million during the quarter, compared to the consensus estimate of $151.31 million. During the same period in the prior year, the company earned $0.42 EPS. Veeco Instruments's revenue was down 5.6% on a year-over-year basis. As a group, analysts expect that Veeco Instruments Inc. will post 0.76 earnings per share for the current fiscal year.

Insider Transactions at Veeco Instruments

In other news, CEO William John Miller sold 25,000 shares of the company's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the chief executive officer owned 470,671 shares in the company, valued at $11,766,775. This represents a 5.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Adrian Devasahayam sold 4,046 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $26.00, for a total value of $105,196.00. Following the completion of the transaction, the senior vice president owned 86,134 shares in the company, valued at $2,239,484. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,060 shares of company stock worth $850,616 in the last quarter. 2.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Needham & Company LLC raised their target price on shares of Veeco Instruments from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Benchmark dropped their price target on shares of Veeco Instruments from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Veeco Instruments has a consensus rating of "Moderate Buy" and a consensus target price of $27.33.

Veeco Instruments 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.

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