New York Life Investment Management LLC Buys Shares of 63,257 Veeco Instruments Inc. $VECO

New York Life Investment Management LLC purchased a new stake in shares of Veeco Instruments Inc. (NASDAQ:VECO) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 63,257 shares of the semiconductor company’s stock, valued at approximately $1,808,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of Veeco Instruments by 75.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 1,019 shares during the period. Johnson Financial Group Inc. bought a new stake in Veeco Instruments during the 3rd quarter worth approximately $91,000. Tower Research Capital LLC TRC lifted its stake in Veeco Instruments by 152.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,160 shares of the semiconductor company’s stock worth $125,000 after purchasing an additional 3,719 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Veeco Instruments by 9.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 580 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new position in Veeco Instruments in the 3rd quarter valued at $146,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on VECO. Zacks Research lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Needham & Company LLC reissued a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Weiss Ratings cut Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Finally, Citigroup raised their price target on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Veeco Instruments has an average rating of “Hold” and a consensus price target of $37.00.

Insiders Place Their Bets

In related news, CEO William John Miller sold 100,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $59.55, for a total transaction of $5,955,000.00. Following the transaction, the chief executive officer directly owned 419,570 shares of the company’s stock, valued at approximately $24,985,393.50. This trade represents a 19.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gordon Hunter sold 29,532 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $59.41, for a total value of $1,754,496.12. Following the completion of the sale, the director owned 52,676 shares of the company’s stock, valued at $3,129,481.16. The trade was a 35.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 230,979 shares of company stock valued at $12,398,739 over the last 90 days. Insiders own 2.70% of the company’s stock.

Veeco Instruments Price Performance

Shares of NASDAQ:VECO opened at $55.65 on Tuesday. The company’s fifty day moving average price is $42.21 and its 200-day moving average price is $34.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 146.45 and a beta of 1.36. Veeco Instruments Inc. has a one year low of $18.85 and a one year high of $65.43.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The company had revenue of $158.34 million for the quarter, compared to the consensus estimate of $160.07 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. 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. On average, equities research analysts anticipate that Veeco Instruments Inc. will post 1.1 earnings per share for the current fiscal year.

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.