Veeco Instruments Inc. (NASDAQ:VECO) Shares Bought by Amundi

Amundi grew its holdings in Veeco Instruments Inc. (NASDAQ:VECO - Free Report) by 191.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,137 shares of the semiconductor company's stock after purchasing an additional 19,140 shares during the period. Amundi owned about 0.05% of Veeco Instruments worth $820,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in Veeco Instruments by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,337,321 shares of the semiconductor company's stock worth $44,314,000 after purchasing an additional 22,850 shares during the period. Segall Bryant & Hamill LLC increased its stake in Veeco Instruments by 165.0% in the third quarter. Segall Bryant & Hamill LLC now owns 370,917 shares of the semiconductor company's stock worth $12,288,000 after purchasing an additional 230,971 shares during the period. Smartleaf Asset Management LLC increased its stake in Veeco Instruments by 257.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,276 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 919 shares during the period. Victory Capital Management Inc. increased its stake in Veeco Instruments by 15.1% in the fourth quarter. Victory Capital Management Inc. now owns 493,039 shares of the semiconductor company's stock worth $13,213,000 after purchasing an additional 64,824 shares during the period. Finally, PDT Partners LLC purchased a new stake in Veeco Instruments in the third quarter worth $2,109,000. Hedge funds and other institutional investors own 98.46% of the company's stock.

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Veeco Instruments Stock Down 2.2 %

NASDAQ VECO traded down $0.47 during trading on Friday, hitting $21.16. The company's stock had a trading volume of 1,360,992 shares, compared to its average volume of 682,556. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.98 and a quick ratio of 2.69. The company has a market cap of $1.23 billion, a PE ratio of 17.06 and a beta of 1.24. The business's 50 day simple moving average is $23.93 and its 200-day simple moving average is $27.45. Veeco Instruments Inc. has a fifty-two week low of $20.05 and a fifty-two week high of $49.25.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last released its earnings results on Wednesday, February 12th. The semiconductor company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.14). Veeco Instruments had a return on equity of 9.38% and a net margin of 10.28%. On average, equities analysts anticipate that Veeco Instruments Inc. will post 0.76 EPS for the current fiscal year.

Insider Activity

In related news, CFO John P. Kiernan sold 2,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $24.51, for a total transaction of $61,275.00. Following the completion of the sale, the chief financial officer now directly owns 72,642 shares in the company, valued at approximately $1,780,455.42. The trade was a 3.33 % 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. Company insiders own 2.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on VECO shares. StockNews.com upgraded Veeco Instruments from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Citigroup cut their price target on Veeco Instruments from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Benchmark cut their price target on Veeco Instruments from $38.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Barclays cut their price target on Veeco Instruments from $30.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Finally, Oppenheimer restated an "outperform" rating and set a $35.00 price target (down previously from $40.00) on shares of Veeco Instruments in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $32.43.

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.