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

Walleye Capital LLC acquired a new stake in Veeco Instruments Inc. (NASDAQ:VECO) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,600 shares of the semiconductor company’s stock, valued at approximately $562,000.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Veeco Instruments by 75.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock worth $49,000 after buying an additional 1,019 shares during the period. Rockefeller Capital Management L.P. grew its stake in Veeco Instruments by 125.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,370 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Veeco Instruments in the 4th quarter valued at about $77,000. Johnson Financial Group Inc. bought a new position in Veeco Instruments in the 3rd quarter valued at about $91,000. Finally, Global Retirement Partners LLC lifted its position in Veeco Instruments by 16,961.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,583 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 3,562 shares during the last quarter. 98.46% of the stock is owned by institutional investors.

Veeco Instruments Price Performance

Shares of Veeco Instruments stock opened at $51.66 on Friday. Veeco Instruments Inc. has a twelve month low of $19.29 and a twelve month high of $86.63. The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $62.84 and a two-hundred day simple moving average of $46.11. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 135.95 and a beta of 1.34.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The business had revenue of $158.34 million during the quarter, compared to the consensus estimate of $160.07 million. During the same period in the prior year, the firm earned $0.37 EPS. The business’s revenue for the quarter 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. Analysts forecast that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Insider Buying and Selling

In other Veeco Instruments news, Director Gordon Hunter sold 16,974 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $68.80, for a total transaction of $1,167,811.20. Following the transaction, the director owned 11,236 shares in the company, valued at $773,036.80. This trade represents a 60.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard A. Damore sold 43,701 shares of Veeco Instruments stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $60.71, for a total value of $2,653,087.71. Following the completion of the transaction, the director directly owned 112,594 shares of the company’s stock, valued at $6,835,581.74. This represents a 27.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 339,055 shares of company stock valued at $20,705,270 in the last quarter. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VECO shares. Zacks Research cut Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Citigroup increased 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. Barclays lifted their price target on Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Weiss Ratings upgraded Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen raised Veeco Instruments to a “hold” rating in a report on Saturday, June 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.60.

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.