Envestnet Asset Management Inc. Buys 2,679 Shares of Veeco Instruments Inc. $VECO

Envestnet Asset Management Inc. lifted its stake in shares of Veeco Instruments Inc. (NASDAQ:VECO) by 3.9% during the second quarter, Holdings Channel.com reports. The firm owned 71,426 shares of the semiconductor company’s stock after buying an additional 2,679 shares during the period. Envestnet Asset Management Inc.’s holdings in Veeco Instruments were worth $1,451,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Paradigm Capital Management Inc. NY raised its position in Veeco Instruments by 20.0% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 2,380,000 shares of the semiconductor company’s stock worth $47,790,000 after purchasing an additional 397,200 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Veeco Instruments by 55.8% in the 1st quarter. Raymond James Financial Inc. now owns 835,539 shares of the semiconductor company’s stock valued at $16,778,000 after buying an additional 299,235 shares during the period. Millennium Management LLC raised its position in shares of Veeco Instruments by 148.0% during the first quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company’s stock worth $9,526,000 after acquiring an additional 283,099 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Veeco Instruments by 1,032.6% during the first quarter. Federated Hermes Inc. now owns 295,187 shares of the semiconductor company’s stock valued at $5,927,000 after acquiring an additional 269,125 shares during the period. Finally, Nuveen LLC bought a new position in Veeco Instruments in the first quarter valued at about $4,827,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

Analysts Set New Price Targets

VECO has been the subject of several recent research reports. Needham & Company LLC cut Veeco Instruments from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Northland Capmk cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Citigroup boosted their price target on shares of Veeco Instruments from $29.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Benchmark reduced their price objective on shares of Veeco Instruments from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Veeco Instruments in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Veeco Instruments currently has a consensus rating of “Hold” and a consensus target price of $28.57.

Insider Activity

In other Veeco Instruments news, SVP Adrian Devasahayam sold 4,046 shares of Veeco Instruments stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $26.00, for a total value of $105,196.00. Following the transaction, the senior vice president owned 86,134 shares of the company’s stock, valued at approximately $2,239,484. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William John Miller sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $32.00, for a total transaction of $800,000.00. Following the completion of the transaction, the chief executive officer owned 514,543 shares of the company’s stock, valued at $16,465,376. This trade represents a 4.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 61,911 shares of company stock worth $1,781,550 in the last quarter. 2.40% of the stock is currently owned by company insiders.

Veeco Instruments Trading Up 0.5%

Shares of NASDAQ VECO opened at $27.52 on Thursday. Veeco Instruments Inc. has a twelve month low of $16.92 and a twelve month high of $34.45. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 26.98 and a beta of 1.31. The company has a quick ratio of 3.43, a current ratio of 5.10 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average is $29.17 and its 200-day moving average is $24.22.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. Veeco Instruments had a return on equity of 7.38% and a net margin of 8.65%.The business had revenue of $165.88 million for the quarter, compared to the consensus estimate of $160.49 million. During the same quarter last year, the business posted $0.46 EPS. The firm’s revenue was down 10.2% compared to the same quarter last year. Veeco Instruments has set its Q4 2025 guidance at 0.160-0.320 EPS. Equities research analysts predict 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.