Signaturefd LLC boosted its stake in shares of Veeco Instruments Inc. (NASDAQ:VECO – Free Report) by 130.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,328 shares of the semiconductor company’s stock after buying an additional 752 shares during the quarter. Signaturefd LLC’s holdings in Veeco Instruments were worth $44,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Veeco Instruments by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 7,131,073 shares of the semiconductor company’s stock worth $250,800,000 after acquiring an additional 391,346 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in Veeco Instruments by 119.3% during the second quarter. Driehaus Capital Management LLC now owns 1,458,288 shares of the semiconductor company’s stock worth $68,117,000 after purchasing an additional 793,429 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Veeco Instruments by 5.6% during the second quarter. Assenagon Asset Management S.A. now owns 598,014 shares of the semiconductor company’s stock worth $27,933,000 after buying an additional 31,482 shares during the period. Silvercrest Asset Management Group LLC boosted its position in shares of Veeco Instruments by 4.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 384,310 shares of the semiconductor company’s stock worth $13,516,000 after buying an additional 16,557 shares during the period. Finally, First Eagle Investment Management LLC grew its stake in shares of Veeco Instruments by 11.2% in the second quarter. First Eagle Investment Management LLC now owns 325,698 shares of the semiconductor company’s stock valued at $15,213,000 after buying an additional 32,850 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.
Insider Buying and Selling at Veeco Instruments
In related news, CFO John P. Kiernan sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $29.04, for a total value of $72,600.00. Following the completion of the sale, the chief financial officer now directly owns 85,142 shares of the company’s stock, valued at $2,472,523.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
View Our Latest Analysis on VECO
Veeco Instruments Trading Down 0.0 %
Shares of NASDAQ:VECO 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’s 50 day moving average is $32.07 and its two-hundred day moving average is $37.70. The company has a market cap of $1.70 billion, a PE ratio of -66.60 and a beta of 1.16. The company has a current ratio of 3.52, a quick ratio of 2.32 and a debt-to-equity ratio of 0.35.
Veeco Instruments (NASDAQ:VECO – Get Free Report) last posted its earnings results on Tuesday, August 6th. The semiconductor company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.01). The business had revenue of $175.88 million during the quarter, compared to analysts’ expectations of $176.03 million. Veeco Instruments had a net margin of 11.83% and a return on equity of 12.03%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. Equities analysts predict that Veeco Instruments Inc. will post 1.2 earnings per share for the current fiscal year.
About Veeco Instruments
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.
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