Veeco Instruments Inc. $VECO Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its holdings in Veeco Instruments Inc. (NASDAQ:VECO) by 7.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 999,233 shares of the semiconductor company’s stock after selling 77,376 shares during the period. Fisher Asset Management LLC owned about 1.66% of Veeco Instruments worth $20,304,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Veeco Instruments during the second quarter valued at $679,000. Nordea Investment Management AB boosted its stake in Veeco Instruments by 1.4% during the 2nd quarter. Nordea Investment Management AB now owns 286,501 shares of the semiconductor company’s stock valued at $5,830,000 after purchasing an additional 4,063 shares during the period. Rhumbline Advisers grew its position in Veeco Instruments by 8.3% in the 1st quarter. Rhumbline Advisers now owns 176,679 shares of the semiconductor company’s stock worth $3,548,000 after purchasing an additional 13,613 shares during the last quarter. Voya Investment Management LLC grew its position in Veeco Instruments by 53.6% in the 1st quarter. Voya Investment Management LLC now owns 47,710 shares of the semiconductor company’s stock worth $958,000 after purchasing an additional 16,643 shares during the last quarter. Finally, TradeLink Capital LLC acquired a new stake in shares of Veeco Instruments in the second quarter valued at approximately $296,000. 98.46% of the stock is owned by institutional investors.

Veeco Instruments Trading Up 8.0%

Shares of VECO stock opened at $31.45 on Thursday. The stock has a 50-day simple moving average of $29.42 and a 200 day simple moving average of $24.82. The stock has a market capitalization of $1.89 billion, a P/E ratio of 37.89 and a beta of 1.17. Veeco Instruments Inc. has a fifty-two week low of $16.92 and a fifty-two week high of $34.45. The company has a quick ratio of 3.62, a current ratio of 5.36 and a debt-to-equity ratio of 0.26.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The company had revenue of $165.88 million during the quarter, compared to the consensus estimate of $160.49 million. Veeco Instruments had a net margin of 7.23% and a return on equity of 6.35%. Veeco Instruments’s revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 EPS. Veeco Instruments has set its Q4 2025 guidance at 0.160-0.320 EPS. On average, sell-side analysts expect that Veeco Instruments Inc. will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Veeco Instruments news, CEO William John Miller sold 25,000 shares of Veeco Instruments stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $29.10, for a total value of $727,500.00. Following the transaction, the chief executive officer owned 489,543 shares in the company, valued at approximately $14,245,701.30. The trade was a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Adrian Devasahayam sold 3,851 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $34.00, for a total value of $130,934.00. Following the sale, the senior vice president owned 78,269 shares of the company’s stock, valued at $2,661,146. This trade represents a 4.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 86,911 shares of company stock valued at $2,509,050 over the last 90 days. 2.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Northland Securities lowered Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price objective for the company. in a report on Tuesday, October 7th. Benchmark decreased their price target on Veeco Instruments from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Needham & Company LLC cut shares of Veeco Instruments from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Veeco Instruments in a report on Wednesday, October 8th. Finally, Northland Capmk cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.57.

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.