KBC Group NV Has $69,000 Stock Position in Veeco Instruments Inc. (NASDAQ:VECO)

KBC Group NV raised its position in Veeco Instruments Inc. (NASDAQ:VECO) by 46.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,088 shares of the semiconductor company’s stock after buying an additional 666 shares during the period. KBC Group NV’s holdings in Veeco Instruments were worth $69,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VECO. EFG Asset Management North America Corp. grew its holdings in shares of Veeco Instruments by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 67,588 shares of the semiconductor company’s stock worth $3,156,000 after purchasing an additional 319 shares during the last quarter. US Bancorp DE increased its position in Veeco Instruments by 14.8% in the 3rd quarter. US Bancorp DE now owns 3,864 shares of the semiconductor company’s stock valued at $128,000 after acquiring an additional 498 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Veeco Instruments by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 28,500 shares of the semiconductor company’s stock worth $1,331,000 after acquiring an additional 600 shares during the last quarter. Signaturefd LLC lifted its position in shares of Veeco Instruments by 130.6% during the third quarter. Signaturefd LLC now owns 1,328 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 752 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Veeco Instruments by 5.8% during the second quarter. Natixis Advisors LLC now owns 16,720 shares of the semiconductor company’s stock valued at $781,000 after purchasing an additional 915 shares during the last quarter. 98.46% of the stock is owned by institutional investors.

Veeco Instruments Trading Up 3.2 %

NASDAQ:VECO opened at $27.40 on Friday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 20.30 and a beta of 1.17. Veeco Instruments Inc. has a 1-year low of $25.52 and a 1-year high of $49.25. The business’s 50-day moving average price is $30.25 and its two-hundred day moving average price is $36.84. The company has a current ratio of 3.54, a quick ratio of 2.41 and a debt-to-equity ratio of 0.33.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. Veeco Instruments had a net margin of 11.34% and a return on equity of 10.92%. The business had revenue of $184.80 million for the quarter, compared to analyst estimates of $180.57 million. During the same quarter last year, the firm earned $0.41 EPS. Veeco Instruments’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Veeco Instruments Inc. will post 1.12 earnings per share for the current year.

Insider Transactions at Veeco Instruments

In related news, CFO John P. Kiernan sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $29.04, for a total value of $72,600.00. Following the completion of the transaction, the chief financial officer now directly owns 85,142 shares in the company, valued at approximately $2,472,523.68. The trade was a 2.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 7,500 shares of company stock valued at $225,850 over the last three months. 2.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Benchmark dropped their price objective on shares of Veeco Instruments from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of Veeco Instruments in a research note on Wednesday, August 7th. Oppenheimer decreased their price target on Veeco Instruments from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. StockNews.com raised Veeco Instruments from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group reduced their target price on shares of Veeco Instruments from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Veeco Instruments currently has an average rating of “Moderate Buy” and a consensus price target of $42.14.

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.