Sei Investments Co. Boosts Stock Holdings in Veeco Instruments Inc. $VECO

Sei Investments Co. lifted its position in Veeco Instruments Inc. (NASDAQ:VECO) by 210.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 73,163 shares of the semiconductor company’s stock after acquiring an additional 49,631 shares during the quarter. Sei Investments Co.’s holdings in Veeco Instruments were worth $2,477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VECO. Walleye Capital LLC purchased a new position in Veeco Instruments during the first quarter worth about $562,000. First Trust Advisors LP increased its stake in Veeco Instruments by 5.8% in the 1st quarter. First Trust Advisors LP now owns 54,040 shares of the semiconductor company’s stock valued at $1,830,000 after buying an additional 2,959 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Veeco Instruments by 3.0% in 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 buying an additional 68,780 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Veeco Instruments by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 293,043 shares of the semiconductor company’s stock worth $9,922,000 after buying an additional 6,338 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Veeco Instruments by 1,548.5% in the 1st quarter. Fifth Third Bancorp now owns 15,084 shares of the semiconductor company’s stock worth $511,000 after buying an additional 14,169 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Veeco Instruments Stock Performance

NASDAQ:VECO opened at $52.78 on Friday. Veeco Instruments Inc. has a 1 year low of $22.32 and a 1 year high of $86.63. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.93 and a quick ratio of 2.86. The business has a fifty day simple moving average of $61.13 and a two-hundred day simple moving average of $47.28. The company has a market capitalization of $3.23 billion, a P/E ratio of 146.61 and a beta of 1.38.

Veeco Instruments (NASDAQ:VECO) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $193.48 million during 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%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. 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. On average, analysts expect that Veeco Instruments Inc. will post 1.1 earnings per share for the current year.

Insider Activity at Veeco Instruments

In related news, CEO William John Miller sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $58.62, for a total value of $2,931,000.00. Following the completion of the transaction, the chief executive officer directly owned 369,570 shares of the company’s stock, valued at approximately $21,664,193.40. This trade represents a 11.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gordon Hunter sold 16,974 shares of Veeco Instruments stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $68.80, for a total transaction of $1,167,811.20. Following the completion of the transaction, the director owned 11,236 shares of the company’s stock, valued at $773,036.80. This represents a 60.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 231,309 shares of company stock worth $14,295,115 in the last ninety days. Insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

VECO has been the subject of several recent analyst reports. Wall Street Zen raised Veeco Instruments from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup boosted their price objective on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded Veeco Instruments from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday. Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Barclays lifted their target price on Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.33.

Veeco Instruments 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.