Jupiter Topco LLC Takes $2.16 Million Position in Veeco Instruments Inc. $VECO

Jupiter Topco LLC bought a new position in shares of Veeco Instruments Inc. (NASDAQ:VECO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,511 shares of the semiconductor company’s stock, valued at approximately $2,162,000.

Several other large investors have also recently bought and sold shares of the business. Tema ETFs LLC acquired a new stake in Veeco Instruments in the second quarter valued at $33,000. Allworth Financial LP acquired a new position in shares of Veeco Instruments during the 2nd quarter worth about $39,000. Smartleaf Asset Management LLC increased its holdings in shares of Veeco Instruments by 75.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 1,019 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Veeco Instruments during the 2nd quarter worth about $69,000. Finally, Rockefeller Capital Management L.P. lifted its stake in Veeco Instruments by 125.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 1,370 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Insiders Place Their Bets

In related news, CEO William Miller sold 200,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $54.18, for a total value of $10,836,000.00. Following the sale, the chief executive officer directly owned 169,570 shares of the company’s stock, valued at approximately $9,187,302.60. This represents a 54.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kiernan sold 35,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were 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 in the company, valued at $3,512,342.10. This represents a 33.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 277,480 shares of company stock worth $15,519,159. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Veeco Instruments Stock Performance

NASDAQ VECO opened at $42.55 on Friday. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 118.19 and a beta of 1.37. The business’s 50 day moving average is $52.61 and its two-hundred day moving average is $49.56. Veeco Instruments Inc. has a 12-month low of $23.31 and a 12-month high of $86.63. The company has a current ratio of 3.93, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 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 the consensus estimate of $180.08 million. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Research analysts expect that Veeco Instruments Inc. will post 0.95 EPS for the current year.

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.