29,518 Shares in Veeco Instruments Inc. $VECO Bought by Old West Investment Management LLC

Old West Investment Management LLC purchased a new stake in Veeco Instruments Inc. (NASDAQ:VECO) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 29,518 shares of the semiconductor company’s stock, valued at approximately $600,000.

Several other institutional investors have also recently made changes to their positions in VECO. Envestnet Asset Management Inc. boosted its position in shares of Veeco Instruments by 9.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 68,747 shares of the semiconductor company’s stock worth $1,380,000 after purchasing an additional 6,145 shares in the last quarter. Signaturefd LLC increased its position in Veeco Instruments by 213.9% in the 1st quarter. Signaturefd LLC now owns 3,139 shares of the semiconductor company’s stock valued at $63,000 after buying an additional 2,139 shares in the last quarter. Victory Capital Management Inc. raised its stake in Veeco Instruments by 35.4% during the 1st quarter. Victory Capital Management Inc. now owns 667,383 shares of the semiconductor company’s stock worth $13,401,000 after buying an additional 174,344 shares during the period. Royce & Associates LP boosted its holdings in Veeco Instruments by 5.9% in the first quarter. Royce & Associates LP now owns 476,963 shares of the semiconductor company’s stock worth $9,577,000 after acquiring an additional 26,560 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Veeco Instruments by 1,032.6% in the first quarter. Federated Hermes Inc. now owns 295,187 shares of the semiconductor company’s stock worth $5,927,000 after acquiring an additional 269,125 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Veeco Instruments Trading Down 3.4%

Shares of Veeco Instruments stock opened at $29.30 on Friday. The company has a market capitalization of $1.76 billion, a P/E ratio of 28.73 and a beta of 1.31. The stock has a fifty day simple moving average of $28.91 and a 200 day simple moving average of $23.93. Veeco Instruments Inc. has a 12-month low of $16.92 and a 12-month high of $34.45. The company has a current ratio of 5.10, a quick ratio of 3.43 and a debt-to-equity ratio of 0.26.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. Veeco Instruments had a net margin of 8.65% and a return on equity of 7.38%. The firm had revenue of $165.88 million for the quarter, compared to the consensus estimate of $160.49 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. Veeco Instruments has set its Q4 2025 guidance at 0.160-0.320 EPS. On average, sell-side analysts anticipate that Veeco Instruments Inc. will post 0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VECO has been the subject of several recent research reports. Needham & Company LLC downgraded Veeco Instruments from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Northland Securities downgraded shares of Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price target for the company. in a research report on Tuesday, October 7th. Benchmark decreased their price target on shares of Veeco Instruments from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Citigroup upped their price objective on shares of Veeco Instruments from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Northland Capmk cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.57.

Insider Activity

In other Veeco Instruments news, CEO William John Miller sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $32.00, for a total value of $800,000.00. Following the completion of the sale, the chief executive officer directly owned 514,543 shares of the company’s stock, valued at approximately $16,465,376. This represents a 4.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Adrian Devasahayam sold 4,046 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $26.00, for a total transaction of $105,196.00. Following the completion of the sale, the senior vice president owned 86,134 shares of the company’s stock, valued at approximately $2,239,484. This trade represents a 4.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 61,911 shares of company stock worth $1,781,550. 2.30% of the stock is owned by corporate insiders.

Veeco Instruments Profile

Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems.