Walleye Capital LLC Buys Shares of 16,600 Veeco Instruments Inc. $VECO

Walleye Capital LLC bought a new stake in Veeco Instruments Inc. (NASDAQ:VECO) in the 1st quarter, Holdings Channel reports. The institutional investor bought 16,600 shares of the semiconductor company’s stock, valued at approximately $562,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP boosted its position in shares of Veeco Instruments by 4.9% during the 2nd quarter. Wasatch Advisors LP now owns 3,396,804 shares of the semiconductor company’s stock worth $69,023,000 after acquiring an additional 157,978 shares in the last quarter. The Manufacturers Life Insurance Company raised 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 valued at $65,329,000 after purchasing an additional 284,716 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Veeco Instruments by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,481,803 shares of the semiconductor company’s stock valued at $75,521,000 after purchasing an additional 26,248 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position in Veeco Instruments by 1.3% during the second quarter. Paradigm Capital Management Inc. NY now owns 2,410,000 shares of the semiconductor company’s stock valued at $48,971,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake 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 purchasing an additional 495,767 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

Veeco Instruments Trading Down 5.3%

NASDAQ VECO opened at $51.66 on Friday. The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26. Veeco Instruments Inc. has a twelve month low of $19.29 and a twelve month high of $86.63. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 135.95 and a beta of 1.34. The business’s fifty day moving average is $62.84 and its 200 day moving average is $46.11.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share 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 firm had revenue of $158.34 million for the quarter, compared to the consensus estimate of $160.07 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The company’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. As a group, sell-side analysts expect that Veeco Instruments Inc. will post 1.1 EPS for the current fiscal year.

Insider Activity at Veeco Instruments

In other Veeco Instruments news, CEO William John Miller sold 50,000 shares of the business’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 transaction of $2,931,000.00. Following the sale, the chief executive officer directly owned 369,570 shares of the company’s stock, valued at $21,664,193.40. The trade was a 11.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Richard A. Damore sold 43,701 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $60.71, for a total transaction of $2,653,087.71. Following the completion of the transaction, the director owned 112,594 shares of the company’s stock, valued at approximately $6,835,581.74. This trade represents a 27.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 339,055 shares of company stock valued at $20,705,270. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VECO. Weiss Ratings upgraded Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 30th. Wall Street Zen upgraded Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Barclays lifted their target price on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. Finally, Citigroup boosted their target price on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.60.

Veeco Instruments Company 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.