Federated Hermes Inc. Boosts Holdings in Veeco Instruments Inc. $VECO

Federated Hermes Inc. grew its stake in shares of Veeco Instruments Inc. (NASDAQ:VECO) by 262.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,068,950 shares of the semiconductor company’s stock after acquiring an additional 773,763 shares during the quarter. Federated Hermes Inc. owned about 1.78% of Veeco Instruments worth $21,721,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. US Bancorp DE increased its position in Veeco Instruments by 33.6% during the first quarter. US Bancorp DE now owns 3,366 shares of the semiconductor company’s stock worth $68,000 after purchasing an additional 847 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Veeco Instruments by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 530,956 shares of the semiconductor company’s stock worth $10,662,000 after buying an additional 22,186 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Veeco Instruments in the 1st quarter worth $483,000. Nuveen LLC acquired a new position in Veeco Instruments in the first quarter valued at $4,827,000. Finally, Public Sector Pension Investment Board grew its position in Veeco Instruments by 29.9% during the first quarter. Public Sector Pension Investment Board now owns 183,710 shares of the semiconductor company’s stock valued at $3,689,000 after acquiring an additional 42,258 shares during the period. 98.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Veeco Instruments news, CEO William John Miller sold 25,000 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $32.00, for a total transaction of $800,000.00. Following the completion of the transaction, the chief executive officer directly owned 464,543 shares of the company’s stock, valued at $14,865,376. This trade represents a 5.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Adrian Devasahayam sold 4,046 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $26.00, for a total transaction of $105,196.00. Following the completion of the sale, the senior vice president owned 86,134 shares in the company, valued at approximately $2,239,484. This trade represents a 4.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 86,911 shares of company stock worth $2,684,050 over the last quarter. 2.30% of the stock is currently owned by insiders.

Veeco Instruments Stock Performance

NASDAQ:VECO opened at $32.26 on Wednesday. The firm has a 50-day moving average of $29.57 and a two-hundred day moving average of $25.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.36 and a quick ratio of 3.62. The stock has a market cap of $1.94 billion, a P/E ratio of 38.87 and a beta of 1.17. Veeco Instruments Inc. has a 1-year low of $16.92 and a 1-year high of $34.45.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VECO shares. Citigroup raised their price objective on Veeco Instruments from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Northland Capmk lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Veeco Instruments in a research report on Wednesday, October 8th. Needham & Company LLC lowered shares of Veeco Instruments from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Northland Securities lowered shares of Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 target price on the stock. in a report on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.