KBC Group NV Sells 1,809 Shares of Veeco Instruments Inc. $VECO

KBC Group NV trimmed its position in shares of Veeco Instruments Inc. (NASDAQ:VECO) by 49.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,863 shares of the semiconductor company’s stock after selling 1,809 shares during the period. KBC Group NV’s holdings in Veeco Instruments were worth $38,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of Veeco Instruments in the 1st quarter valued at about $37,000. US Bancorp DE raised its holdings in shares of Veeco Instruments by 33.6% in the 1st quarter. US Bancorp DE now owns 3,366 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 847 shares during the period. Hantz Financial Services Inc. lifted its stake in Veeco Instruments by 49,728.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,488 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 3,481 shares during the last quarter. Signaturefd LLC grew its holdings in Veeco Instruments by 42.2% during the second quarter. Signaturefd LLC now owns 4,465 shares of the semiconductor company’s stock worth $91,000 after purchasing an additional 1,326 shares during the period. Finally, CWM LLC grew its holdings in Veeco Instruments by 329.7% during the second quarter. CWM LLC now owns 4,632 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 3,554 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

Veeco Instruments Price Performance

Shares of NASDAQ VECO opened at $29.23 on Thursday. The firm has a market cap of $1.76 billion, a P/E ratio of 28.66 and a beta of 1.31. The business’s 50 day moving average is $29.36 and its 200-day moving average is $24.52. The company has a current ratio of 5.10, a quick ratio of 3.43 and a debt-to-equity ratio of 0.26. Veeco Instruments Inc. has a 1-year low of $16.92 and a 1-year high of $34.45.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The firm had revenue of $165.88 million for the quarter, compared to analyst estimates of $160.49 million. Veeco Instruments had a return on equity of 7.38% and a net margin of 8.65%.The company’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 EPS. 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 earnings per share for the current year.

Wall Street Analyst Weigh In

VECO has been the topic of several research analyst reports. Northland Capmk lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Citigroup boosted their target price on Veeco Instruments from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Benchmark dropped their price target on Veeco Instruments from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Veeco Instruments in a research report on Wednesday, October 8th. Finally, Northland Securities downgraded shares of Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price objective on the stock. in a report on Tuesday, October 7th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $28.57.

Insider Activity

In related news, SVP Adrian Devasahayam sold 4,046 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $26.00, for a total transaction of $105,196.00. Following the transaction, the senior vice president directly owned 86,134 shares of the company’s stock, valued at approximately $2,239,484. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William John Miller sold 25,000 shares of Veeco Instruments stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $32.00, for a total transaction of $800,000.00. Following the completion of the sale, 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 sold 61,911 shares of company stock worth $1,781,550 over the last 90 days. 2.40% of the stock is currently owned by corporate insiders.

About Veeco Instruments

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.