115,074 Shares in Veeco Instruments Inc. (NASDAQ:VECO) Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new position in shares of Veeco Instruments Inc. (NASDAQ:VECO - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 115,074 shares of the semiconductor company's stock, valued at approximately $3,702,000. Mirabella Financial Services LLP owned about 0.20% of Veeco Instruments at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. EFG Asset Management North America Corp. grew its stake in Veeco Instruments by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 67,588 shares of the semiconductor company's stock worth $3,156,000 after buying an additional 319 shares during the last quarter. US Bancorp DE grew its position in shares of Veeco Instruments by 14.8% during the third quarter. US Bancorp DE now owns 3,864 shares of the semiconductor company's stock worth $128,000 after acquiring an additional 498 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Veeco Instruments by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 28,500 shares of the semiconductor company's stock worth $1,331,000 after acquiring an additional 600 shares during the last quarter. KBC Group NV increased its holdings in shares of Veeco Instruments by 46.8% in the 3rd quarter. KBC Group NV now owns 2,088 shares of the semiconductor company's stock valued at $69,000 after acquiring an additional 666 shares during the period. Finally, Signaturefd LLC raised its position in Veeco Instruments by 130.6% in the 3rd quarter. Signaturefd LLC now owns 1,328 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 752 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company's stock.

Veeco Instruments Price Performance

VECO stock traded up $0.57 on Monday, reaching $27.97. 634,965 shares of the company's stock were exchanged, compared to its average volume of 660,138. The stock has a fifty day moving average of $30.20 and a 200-day moving average of $36.75. The firm has a market cap of $1.59 billion, a PE ratio of 20.72 and a beta of 1.17. The company has a quick ratio of 2.41, a current ratio of 3.54 and a debt-to-equity ratio of 0.33. Veeco Instruments Inc. has a twelve month low of $25.52 and a twelve month high of $49.25.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. Veeco Instruments had a net margin of 11.34% and a return on equity of 10.92%. The business had revenue of $184.80 million for the quarter, compared to analysts' expectations of $180.57 million. During the same period in the prior year, the company posted $0.41 EPS. The business's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts predict that Veeco Instruments Inc. will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling at Veeco Instruments

In other news, CFO John P. Kiernan sold 2,500 shares of Veeco Instruments stock in a transaction on Monday, November 11th. The stock was sold at an average price of $28.67, for a total transaction of $71,675.00. Following the completion of the transaction, the chief financial officer now owns 80,142 shares of the company's stock, valued at $2,297,671.14. The trade was a 3.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 7,500 shares of company stock valued at $225,850. Corporate insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com raised shares of Veeco Instruments from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Needham & Company LLC restated a "buy" rating and issued a $55.00 price target on shares of Veeco Instruments in a research report on Wednesday, August 7th. The Goldman Sachs Group reduced their price objective on Veeco Instruments from $35.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. Benchmark lowered their target price on Veeco Instruments from $42.00 to $38.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Finally, Oppenheimer cut their price target on Veeco Instruments from $45.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $42.14.

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.