Swiss National Bank Has $2.21 Million Stock Position in Veeco Instruments Inc. $VECO

Swiss National Bank cut its holdings in Veeco Instruments Inc. (NASDAQ:VECO) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,021 shares of the semiconductor company’s stock after selling 1,000 shares during the quarter. Swiss National Bank owned 0.19% of Veeco Instruments worth $2,209,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in Veeco Instruments by 14.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 62,602 shares of the semiconductor company’s stock valued at $1,678,000 after purchasing an additional 7,915 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Veeco Instruments by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,242,750 shares of the semiconductor company’s stock worth $60,107,000 after buying an additional 78,884 shares during the last quarter. MetLife Investment Management LLC grew its position in Veeco Instruments by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 33,962 shares of the semiconductor company’s stock valued at $910,000 after buying an additional 1,887 shares during the period. Tower Research Capital LLC TRC grew its position in Veeco Instruments by 54.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,009 shares of the semiconductor company’s stock valued at $268,000 after buying an additional 3,548 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in Veeco Instruments by 146.2% during the fourth quarter. Hsbc Holdings PLC now owns 69,062 shares of the semiconductor company’s stock worth $1,870,000 after buying an additional 41,011 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Benchmark reduced their target price on shares of Veeco Instruments from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. The Goldman Sachs Group dropped their price objective on Veeco Instruments from $27.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, May 9th. Needham & Company LLC raised their target price on Veeco Instruments from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, Barclays lowered their target price on Veeco Instruments from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.33.

Veeco Instruments Price Performance

Shares of NASDAQ VECO opened at $25.25 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.43 and a current ratio of 5.10. Veeco Instruments Inc. has a fifty-two week low of $16.92 and a fifty-two week high of $38.56. The stock has a market cap of $1.52 billion, a PE ratio of 24.76 and a beta of 1.12. The stock has a fifty day moving average of $21.60 and a 200-day moving average of $21.07.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.14. Veeco Instruments had a return on equity of 7.38% and a net margin of 8.65%.The company had revenue of $166.10 million for the quarter, compared to the consensus estimate of $151.31 million. During the same quarter last year, the business posted $0.42 earnings per share. The firm’s revenue was down 5.6% compared to the same quarter last year. Equities research analysts anticipate that Veeco Instruments Inc. will post 0.76 earnings per share for the current year.

Insider Activity at Veeco Instruments

In other news, SVP Adrian Devasahayam sold 11,010 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $20.50, for a total transaction of $225,705.00. Following the completion of the transaction, the senior vice president owned 89,254 shares of the company’s stock, valued at approximately $1,829,707. The trade was a 10.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.

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.