Columbus Circle Investors Grows Holdings in Veeco Instruments Inc. (VECO)

Columbus Circle Investors increased its holdings in shares of Veeco Instruments Inc. (NASDAQ:VECO) by 637.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,169 shares of the semiconductor company’s stock after acquiring an additional 66,707 shares during the period. Columbus Circle Investors owned approximately 0.16% of Veeco Instruments worth $1,651,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Bank of Montreal Can boosted its stake in Veeco Instruments by 4.8% during the second quarter. Bank of Montreal Can now owns 5,771 shares of the semiconductor company’s stock worth $161,000 after acquiring an additional 265 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Veeco Instruments by 1.6% during the second quarter. Janney Montgomery Scott LLC now owns 22,912 shares of the semiconductor company’s stock worth $638,000 after acquiring an additional 370 shares in the last quarter. Capstone Asset Management Co. lifted its stake in shares of Veeco Instruments by 7.1% in the second quarter. Capstone Asset Management Co. now owns 8,367 shares of the semiconductor company’s stock worth $233,000 after buying an additional 557 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Veeco Instruments by 32.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,143 shares of the semiconductor company’s stock worth $115,000 after buying an additional 1,026 shares in the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of Veeco Instruments by 1.7% in the first quarter. Teachers Advisors LLC now owns 66,398 shares of the semiconductor company’s stock worth $1,982,000 after buying an additional 1,081 shares in the last quarter. 98.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of Veeco Instruments Inc. (VECO) traded down $0.05 during midday trading on Thursday, hitting $14.65. 574,760 shares of the stock were exchanged, compared to its average volume of 530,781. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 2.11. Veeco Instruments Inc. has a 1 year low of $14.40 and a 1 year high of $34.38.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.16. The firm had revenue of $131.87 million during the quarter, compared to analysts’ expectations of $134.97 million. Veeco Instruments had a negative net margin of 10.16% and a negative return on equity of 0.73%. The company’s revenue for the quarter was up 54.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) earnings per share. research analysts predict that Veeco Instruments Inc. will post -0.01 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Veeco Instruments from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Veeco Instruments from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Needham & Company LLC restated a “buy” rating and set a $22.00 price objective on shares of Veeco Instruments in a research report on Friday, November 3rd. Benchmark restated a “buy” rating and set a $23.00 price objective on shares of Veeco Instruments in a research report on Friday, November 3rd. Finally, KeyCorp downgraded shares of Veeco Instruments to a “hold” rating in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Veeco Instruments presently has a consensus rating of “Hold” and an average price target of $29.22.

ILLEGAL ACTIVITY WARNING: This piece was first published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.thelincolnianonline.com/2017/12/07/columbus-circle-investors-buys-66707-shares-of-veeco-instruments-inc-veco-updated-updated.html.

Veeco Instruments Company Profile

Veeco Instruments Inc is engaged in the design, development, manufacture and support of thin film process equipment, primarily sold to make electronic devices. The Company’s geographical segments include the United States; China; Europe, Middle East and Africa (EMEA), and Rest of World (ROW). The Company’s portfolio of technology solutions focus on market areas, including Lighting, Display & Power Electronics; Advanced Packaging, micro-electromechanical systems (MEMS) & radio frequency (RF); Scientific & Industrial, and Data Storage.

Institutional Ownership by Quarter for Veeco Instruments (NASDAQ:VECO)

Receive News & Ratings for Veeco Instruments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeco Instruments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply