Mitsubishi UFJ Asset Management Co. Ltd. Sells 15,389 Shares of Veeco Instruments Inc. $VECO

Mitsubishi UFJ Asset Management Co. Ltd. decreased its position in shares of Veeco Instruments Inc. (NASDAQ:VECO) by 31.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,987 shares of the semiconductor company’s stock after selling 15,389 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.06% of Veeco Instruments worth $1,038,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of VECO. PNC Financial Services Group Inc. lifted its holdings in shares of Veeco Instruments by 7.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 350 shares during the last quarter. CWM LLC grew its stake in Veeco Instruments by 7.6% during the 3rd quarter. CWM LLC now owns 4,985 shares of the semiconductor company’s stock worth $152,000 after buying an additional 353 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Veeco Instruments by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 32,882 shares of the semiconductor company’s stock worth $939,000 after buying an additional 361 shares during the last quarter. Russell Investments Group Ltd. increased its position in Veeco Instruments by 9.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 580 shares in the last quarter. Finally, Amalgamated Bank raised its stake in Veeco Instruments by 3.5% in the third quarter. Amalgamated Bank now owns 17,515 shares of the semiconductor company’s stock valued at $533,000 after buying an additional 589 shares during the last quarter. 98.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VECO has been the subject of several recent analyst reports. Citigroup raised their price target on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Zacks Research downgraded shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings lowered shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Veeco Instruments currently has a consensus rating of “Hold” and an average price target of $37.00.

Insider Activity at Veeco Instruments

In other news, Director Gordon Hunter sold 7,746 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $58.76, for a total value of $455,154.96. Following the sale, the director owned 82,208 shares in the company, valued at $4,830,542.08. This represents a 8.61% 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 100,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $59.55, for a total transaction of $5,955,000.00. Following the transaction, the chief executive officer owned 419,570 shares of the company’s stock, valued at $24,985,393.50. This represents a 19.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 157,746 shares of company stock valued at $7,991,155. Company insiders own 2.70% of the company’s stock.

Veeco Instruments Stock Up 0.4%

Veeco Instruments stock opened at $61.46 on Wednesday. The business’s 50-day simple moving average is $40.11 and its two-hundred day simple moving average is $33.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.86 and a current ratio of 4.23. The company has a market cap of $3.75 billion, a PE ratio of 161.74 and a beta of 1.36. Veeco Instruments Inc. has a fifty-two week low of $18.85 and a fifty-two week high of $65.43.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $158.34 million during the quarter, compared to analysts’ expectations of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 earnings per share. Veeco Instruments has set its Q2 2026 guidance at 0.200-0.320 EPS and its FY 2026 guidance at 1.500-1.850 EPS. Equities analysts anticipate that Veeco Instruments Inc. will post 1.04 EPS for the current year.

Veeco Instruments Company Profile

Veeco Instruments Inc (NASDAQ: VECO) is a leading supplier of process equipment for the semiconductor, data storage, wireless communications, power electronics and advanced packaging industries. The company designs, manufactures and services precision tools used to grow, deposit and etch thin films on substrates, enabling the fabrication of chips, light-emitting diodes (LEDs), micro-electromechanical systems (MEMS) and high-density storage devices. Veeco’s platforms are deployed across fabrication facilities worldwide, where they support key processes in materials science and device manufacturing.

Veeco’s product portfolio spans molecular beam epitaxy (MBE), metal organic chemical vapor deposition (MOCVD), atomic layer deposition (ALD), ion beam etch and deposition, and high-precision wet and dry etch systems.