Public Employees Retirement System of Ohio Takes Position in Veeco Instruments Inc. $VECO

Public Employees Retirement System of Ohio bought a new stake in Veeco Instruments Inc. (NASDAQ:VECO) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 47,192 shares of the semiconductor company’s stock, valued at approximately $3,577,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vise Technologies Inc. raised its holdings in Veeco Instruments by 5.3% in the 4th quarter. Vise Technologies Inc. now owns 7,503 shares of the semiconductor company’s stock valued at $214,000 after acquiring an additional 377 shares in the last quarter. Tema ETFs LLC acquired a new stake in shares of Veeco Instruments during the 2nd quarter worth approximately $33,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Veeco Instruments by 4.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,986 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 462 shares in the last quarter. Allworth Financial LP bought a new stake in shares of Veeco Instruments during the second quarter valued at approximately $39,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Veeco Instruments by 9.9% in the second quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 580 shares in the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VECO has been the subject of several research reports. Zacks Research cut Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Barclays increased their price objective on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Wall Street Zen raised shares of Veeco Instruments from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Citigroup lifted their target price on shares of Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Weiss Ratings cut shares of Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Veeco Instruments currently has an average rating of “Hold” and an average price target of $49.33.

Insider Buying and Selling at Veeco Instruments

In other Veeco Instruments news, Director Gordon Hunter sold 16,974 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $68.80, for a total value of $1,167,811.20. Following the transaction, the director directly owned 11,236 shares in the company, valued at $773,036.80. The trade was a 60.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John P. Kiernan sold 35,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $51.05, for a total transaction of $1,786,750.00. Following the sale, the chief financial officer directly owned 68,802 shares in the company, valued at $3,512,342.10. This represents a 33.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 277,480 shares of company stock worth $15,519,159 over the last ninety days. Company insiders own 2.70% of the company’s stock.

Veeco Instruments Price Performance

Shares of VECO stock opened at $42.55 on Friday. The stock’s fifty day simple moving average is $52.61 and its 200 day simple moving average is $49.56. Veeco Instruments Inc. has a one year low of $23.31 and a one year high of $86.63. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 118.19 and a beta of 1.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.93 and a quick ratio of 2.69.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 3.52% and a net margin of 3.40%.The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company posted $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 0.95 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.