Royce & Associates LP Has $13.22 Million Position in Veeco Instruments Inc. $VECO

Royce & Associates LP lowered its position in Veeco Instruments Inc. (NASDAQ:VECO) by 11.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 462,423 shares of the semiconductor company’s stock after selling 57,150 shares during the quarter. Royce & Associates LP’s holdings in Veeco Instruments were worth $13,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of VECO. American Century Companies Inc. lifted its stake in shares of Veeco Instruments by 920.1% during the 3rd quarter. American Century Companies Inc. now owns 676,502 shares of the semiconductor company’s stock worth $20,586,000 after buying an additional 610,187 shares during the last quarter. Fisher Asset Management LLC increased its position in Veeco Instruments by 37.4% during the fourth quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock worth $52,026,000 after acquiring an additional 495,767 shares during the period. Segall Bryant & Hamill LLC increased its position in Veeco Instruments by 152.3% during the third quarter. Segall Bryant & Hamill LLC now owns 573,764 shares of the semiconductor company’s stock worth $17,460,000 after acquiring an additional 346,340 shares during the period. The Manufacturers Life Insurance Company increased its position in Veeco Instruments by 9.7% during the second quarter. The Manufacturers Life Insurance Company now owns 3,215,031 shares of the semiconductor company’s stock worth $65,329,000 after acquiring an additional 284,716 shares during the period. Finally, Millennium Management LLC increased its holdings in Veeco Instruments by 148.0% in the 1st quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company’s stock valued at $9,526,000 after buying an additional 283,099 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on VECO. Citigroup raised their target price on shares of Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Needham & Company LLC reissued a “hold” rating on shares of Veeco Instruments in a report on Thursday, February 26th. Zacks Research lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings lowered shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Finally, Barclays lifted their price target on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.60.

Insider Buying and Selling at Veeco Instruments

In related news, SVP Susan Wilkerson sold 35,723 shares of Veeco Instruments stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $61.69, for a total transaction of $2,203,751.87. Following the sale, the senior vice president directly owned 42,974 shares in the company, valued at $2,651,066.06. This trade represents a 45.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard A. Damore sold 43,701 shares of Veeco Instruments stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $60.71, for a total transaction of $2,653,087.71. Following the sale, the director owned 112,594 shares in the company, valued at approximately $6,835,581.74. This represents a 27.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 272,109 shares of company stock worth $14,936,860 over the last quarter. Insiders own 2.70% of the company’s stock.

Veeco Instruments Trading Down 3.6%

Shares of Veeco Instruments stock opened at $60.24 on Thursday. The firm’s 50 day moving average is $46.07 and its 200 day moving average is $36.17. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. Veeco Instruments Inc. has a 1 year low of $19.04 and a 1 year high of $65.43. The firm has a market capitalization of $3.68 billion, a PE ratio of 158.53 and a beta of 1.36.

Veeco Instruments (NASDAQ:VECO) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The business had revenue of $158.34 million for the quarter, compared to analyst estimates of $160.07 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The firm’s quarterly 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. Equities research analysts forecast 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.