GSA Capital Partners LLP Buys Shares of 12,627 Veeco Instruments Inc. $VECO

GSA Capital Partners LLP bought a new position in shares of Veeco Instruments Inc. (NASDAQ:VECO) during the second quarter, HoldingsChannel reports. The fund bought 12,627 shares of the semiconductor company’s stock, valued at approximately $957,000.

Several other institutional investors also recently modified their holdings of the stock. Louisiana State Employees Retirement System acquired a new stake in shares of Veeco Instruments during the 1st quarter valued at $904,000. Fisher Asset Management LLC increased its holdings in Veeco Instruments by 37.4% in the 4th 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 in the last quarter. Nano Cap New Millennium Growth Fund L P bought a new position in Veeco Instruments in the fourth quarter valued at about $1,572,000. New York Life Investment Management LLC bought a new position in Veeco Instruments in the fourth quarter valued at about $1,808,000. Finally, UBS Group AG boosted its stake in shares of Veeco Instruments by 11.0% during the fourth quarter. UBS Group AG now owns 292,360 shares of the semiconductor company’s stock valued at $8,356,000 after purchasing an additional 28,967 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Veeco Instruments

In related news, CEO William John Miller sold 50,000 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 369,570 shares of the company’s stock, valued at $21,664,193.40. This represents a 11.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John P. Kiernan sold 35,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief financial officer owned 68,802 shares of the company’s stock, valued at $3,512,342.10. The trade was 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 sold 193,076 shares of company stock valued at $11,674,281 over the last 90 days. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

VECO has been the topic of several recent research reports. Weiss Ratings upgraded shares of Veeco Instruments from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Zacks Research downgraded shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen upgraded shares of Veeco Instruments from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Barclays upped their price target on shares of 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 increased their price target on Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $49.33.

Veeco Instruments Trading Down 6.4%

Shares of VECO stock opened at $50.91 on Wednesday. Veeco Instruments Inc. has a fifty-two week low of $23.31 and a fifty-two week high of $86.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.69 and a current ratio of 3.93. The stock has a 50 day simple moving average of $59.83 and a two-hundred day simple moving average of $48.35. The company has a market cap of $3.11 billion, a P/E ratio of 141.42 and a beta of 1.38.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $193.48 million for the quarter, compared to analysts’ expectations of $180.08 million. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The company’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 business earned $0.20 EPS. 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. Research analysts forecast that Veeco Instruments Inc. will post 0.95 earnings per share for the current year.

About Veeco Instruments

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.