Veeco Instruments Inc. (NASDAQ:VECO) Shares Purchased by Signaturefd LLC

Signaturefd LLC grew its holdings in shares of Veeco Instruments Inc. (NASDAQ:VECO) by 130.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,328 shares of the semiconductor company’s stock after buying an additional 752 shares during the period. Signaturefd LLC’s holdings in Veeco Instruments were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of VECO. GAMMA Investing LLC lifted its holdings in Veeco Instruments by 237.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,677 shares of the semiconductor company’s stock valued at $78,000 after purchasing an additional 1,180 shares in the last quarter. nVerses Capital LLC grew its stake in shares of Veeco Instruments by 733.3% during the 2nd quarter. nVerses Capital LLC now owns 2,500 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 2,200 shares during the period. Montag A & Associates Inc. acquired a new stake in shares of Veeco Instruments during the 1st quarter worth $99,000. Ausbil Investment Management Ltd purchased a new position in shares of Veeco Instruments in the 2nd quarter worth $200,000. Finally, NorthCrest Asset Manangement LLC acquired a new position in Veeco Instruments in the second quarter valued at $210,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO John P. Kiernan sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $32.63, for a total value of $81,575.00. Following the completion of the sale, the chief financial officer now directly owns 82,642 shares in the company, valued at approximately $2,696,608.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.40% of the company’s stock.

Veeco Instruments Stock Performance

Veeco Instruments stock opened at $29.97 on Thursday. Veeco Instruments Inc. has a 52 week low of $23.63 and a 52 week high of $49.25. The company has a current ratio of 3.52, a quick ratio of 2.32 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1.70 billion, a P/E ratio of -66.60 and a beta of 1.16. The stock has a 50 day moving average of $32.07 and a 200-day moving average of $37.70.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The company had revenue of $175.88 million for the quarter, compared to the consensus estimate of $176.03 million. Veeco Instruments had a net margin of 11.83% and a return on equity of 12.03%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. On average, analysts expect that Veeco Instruments Inc. will post 1.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. StockNews.com upgraded Veeco Instruments from a “sell” rating to a “hold” rating in a research note on Thursday. Northland Securities dropped their target price on shares of Veeco Instruments from $53.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. The Goldman Sachs Group reduced their price target on shares of Veeco Instruments from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Benchmark reissued a “buy” rating and issued a $42.00 price objective on shares of Veeco Instruments in a research report on Wednesday, August 7th. Finally, Citigroup lowered shares of Veeco Instruments from a “buy” rating to a “neutral” rating and lifted their target price for the company from $45.00 to $50.00 in a report on Monday, July 15th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Veeco Instruments has a consensus rating of “Moderate Buy” and an average target price of $45.57.

Veeco Instruments Company 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.