Crestline Management LP Has $3.39 Million Stock Holdings in Veeco Instruments Inc. (NASDAQ:VECO)

Crestline Management LP raised its position in shares of Veeco Instruments Inc. (NASDAQ:VECO - Free Report) by 155.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,286 shares of the semiconductor company's stock after purchasing an additional 66,544 shares during the period. Crestline Management LP owned approximately 0.19% of Veeco Instruments worth $3,391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chesapeake Capital Corp IL bought a new position in shares of Veeco Instruments in the 4th quarter valued at $1,028,000. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Veeco Instruments by 291.6% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 20,950 shares of the semiconductor company's stock worth $650,000 after purchasing an additional 15,600 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Veeco Instruments in the 4th quarter valued at approximately $565,000. EFG Asset Management North America Corp. grew its holdings in Veeco Instruments by 11.7% during the 4th quarter. EFG Asset Management North America Corp. now owns 63,474 shares of the semiconductor company's stock worth $1,969,000 after acquiring an additional 6,657 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Veeco Instruments by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,326,385 shares of the semiconductor company's stock valued at $72,189,000 after acquiring an additional 87,605 shares during the period. 98.46% of the stock is currently owned by institutional investors.

Insider Activity at Veeco Instruments

In other Veeco Instruments news, CEO William John Miller sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $38.19, for a total value of $1,145,700.00. Following the completion of the sale, the chief executive officer now owns 515,091 shares in the company, valued at $19,671,325.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Veeco Instruments news, CEO William John Miller sold 30,000 shares of the business's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $38.19, for a total transaction of $1,145,700.00. Following the transaction, the chief executive officer now directly owns 515,091 shares of the company's stock, valued at approximately $19,671,325.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Adrian Devasahayam sold 5,000 shares of Veeco Instruments stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $34.10, for a total value of $170,500.00. Following the sale, the senior vice president now directly owns 67,278 shares in the company, valued at $2,294,179.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,201 shares of company stock valued at $2,321,375. Insiders own 2.40% of the company's stock.

Analysts Set New Price Targets

VECO has been the topic of a number of analyst reports. The Goldman Sachs Group upped their price target on Veeco Instruments from $35.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, May 9th. Needham & Company LLC lifted their target price on Veeco Instruments from $43.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, May 8th. Oppenheimer reissued an "outperform" rating and set a $45.00 price objective (up previously from $40.00) on shares of Veeco Instruments in a research report on Wednesday, May 15th. Barclays upped their price objective on shares of Veeco Instruments from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 8th. Finally, Benchmark raised their target price on Veeco Instruments from $34.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.71.

Veeco Instruments Stock Performance

Shares of Veeco Instruments stock traded down $0.31 on Friday, reaching $40.65. 584,571 shares of the company traded hands, compared to its average volume of 509,427. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.05 and a quick ratio of 2.02. The firm has a market capitalization of $2.30 billion, a PE ratio of -90.33 and a beta of 1.18. The company has a 50 day moving average of $37.00 and a 200 day moving average of $33.65. Veeco Instruments Inc. has a 52 week low of $23.63 and a 52 week high of $42.00.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. Veeco Instruments had a positive return on equity of 11.97% and a negative net margin of 2.51%. The business had revenue of $174.48 million for the quarter, compared to analysts' expectations of $170.00 million. Equities analysts forecast that Veeco Instruments Inc. will post 1.29 earnings per share for the current year.

Veeco Instruments Company 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.

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