B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Veeco Instruments Inc. (NASDAQ:VECO - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 41,281 shares of the semiconductor company's stock, valued at approximately $1,368,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.07% of Veeco Instruments at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC increased its stake in shares of Veeco Instruments by 130.6% during the third quarter. Signaturefd LLC now owns 1,328 shares of the semiconductor company's stock valued at $44,000 after buying an additional 752 shares during the period. KBC Group NV increased its stake in shares of Veeco Instruments by 46.8% during the third quarter. KBC Group NV now owns 2,088 shares of the semiconductor company's stock valued at $69,000 after buying an additional 666 shares during the period. GAMMA Investing LLC increased its stake in shares of Veeco Instruments by 237.4% during the second quarter. GAMMA Investing LLC now owns 1,677 shares of the semiconductor company's stock valued at $78,000 after buying an additional 1,180 shares during the period. nVerses Capital LLC increased its stake in shares of Veeco Instruments by 733.3% during the second quarter. nVerses Capital LLC now owns 2,500 shares of the semiconductor company's stock valued at $117,000 after buying an additional 2,200 shares during the period. Finally, US Bancorp DE increased its stake 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 valued at $128,000 after buying an additional 498 shares during the period. 98.46% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Veeco Instruments
In other Veeco Instruments news, CFO John P. Kiernan sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $29.04, for a total value of $72,600.00. Following the completion of the transaction, the chief financial officer now directly owns 85,142 shares of the company's stock, valued at approximately $2,472,523.68. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 7,500 shares of company stock valued at $225,850. 2.40% of the stock is owned by company insiders.
Analysts Set New Price Targets
VECO has been the topic of several research reports. Needham & Company LLC restated a "buy" rating and set a $55.00 price target on shares of Veeco Instruments in a research note on Wednesday, August 7th. The Goldman Sachs Group cut their target price on Veeco Instruments from $35.00 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Benchmark dropped their price target 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. Northland Securities dropped their price target on Veeco Instruments from $53.00 to $47.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Finally, Oppenheimer dropped their price target on Veeco Instruments from $45.00 to $40.00 and set an "outperform" rating on the stock 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.14.
View Our Latest Report on VECO
Veeco Instruments Stock Performance
Shares of Veeco Instruments stock traded up $0.86 on Friday, reaching $27.40. 721,976 shares of the stock were exchanged, compared to its average volume of 682,656. 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. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 20.30 and a beta of 1.17. The business has a 50 day moving average price of $30.25 and a two-hundred day moving average price of $36.84.
Veeco Instruments (NASDAQ:VECO - Get Free Report) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. Veeco Instruments had a return on equity of 10.92% and a net margin of 11.34%. The firm had revenue of $184.80 million during the quarter, compared to the consensus estimate of $180.57 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company's revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Veeco Instruments Inc. will post 1.12 earnings per share for the current fiscal year.
About Veeco Instruments
(
Free Report)
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.
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![Institutional Ownership by Quarter for Veeco Instruments (NASDAQ:VECO)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=VECO)
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