Assenagon Asset Management S.A. Lowers Stock Holdings in Veeco Instruments Inc. $VECO

Assenagon Asset Management S.A. reduced its position in Veeco Instruments Inc. (NASDAQ:VECO) by 23.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,926 shares of the semiconductor company’s stock after selling 56,810 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.31% of Veeco Instruments worth $5,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of VECO. Moody National Bank Trust Division purchased a new position in shares of Veeco Instruments in the third quarter valued at approximately $460,000. Praxis Investment Management Inc. acquired a new stake in Veeco Instruments during the 3rd quarter worth approximately $242,000. Squarepoint Ops LLC boosted its position in Veeco Instruments by 133.3% in the 2nd quarter. Squarepoint Ops LLC now owns 76,895 shares of the semiconductor company’s stock valued at $1,563,000 after buying an additional 43,941 shares during the period. Thrivent Financial for Lutherans boosted its position in Veeco Instruments by 3.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 44,071 shares of the semiconductor company’s stock valued at $896,000 after buying an additional 1,516 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in shares of Veeco Instruments by 11.2% in the second quarter. Public Sector Pension Investment Board now owns 204,371 shares of the semiconductor company’s stock worth $4,153,000 after acquiring an additional 20,661 shares in the last quarter. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on VECO shares. Northland Securities cut Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price objective on the stock. in a research note on Tuesday, October 7th. Citigroup increased their price target on Veeco Instruments from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Northland Capmk downgraded Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Needham & Company LLC lowered shares of Veeco Instruments from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Veeco Instruments in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.57.

Insider Activity at Veeco Instruments

In other 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 value of $800,000.00. Following the completion of the sale, the chief executive officer owned 464,543 shares in the company, valued at approximately $14,865,376. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Adrian Devasahayam sold 3,851 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $34.00, for a total transaction of $130,934.00. Following the completion of the sale, the senior vice president owned 78,269 shares of the company’s stock, valued at approximately $2,661,146. The trade was a 4.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 82,865 shares of company stock valued at $2,578,854. 2.30% of the stock is owned by company insiders.

Veeco Instruments Stock Up 0.8%

VECO opened at $29.29 on Monday. The stock has a market capitalization of $1.76 billion, a P/E ratio of 35.29 and a beta of 1.17. Veeco Instruments Inc. has a one year low of $16.92 and a one year high of $34.45. The business’s 50-day simple moving average is $29.55 and its 200-day simple moving average is $25.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.62 and a current ratio of 5.36.

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

About Veeco Instruments

Veeco Instruments Inc (NASDAQ: VECO) is a leading supplier of process equipment for the semiconductor, data storage, wireless communications, power electronics and advanced packaging industries. The company designs, manufactures and services precision tools used to grow, deposit and etch thin films on substrates, enabling the fabrication of chips, light-emitting diodes (LEDs), micro-electromechanical systems (MEMS) and high-density storage devices. Veeco’s platforms are deployed across fabrication facilities worldwide, where they support key processes in materials science and device manufacturing.

Veeco’s product portfolio spans molecular beam epitaxy (MBE), metal organic chemical vapor deposition (MOCVD), atomic layer deposition (ALD), ion beam etch and deposition, and high-precision wet and dry etch systems.