Maxi Investments CY Ltd Buys Shares of 20,000 Veeco Instruments Inc. $VECO

Maxi Investments CY Ltd purchased a new position in shares of Veeco Instruments Inc. (NASDAQ:VECO) in the 2nd quarter, HoldingsChannel reports. The firm purchased 20,000 shares of the semiconductor company’s stock, valued at approximately $1,516,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VECO. Tema ETFs LLC bought a new stake in shares of Veeco Instruments in the 2nd quarter valued at $33,000. Allworth Financial LP bought a new position in Veeco Instruments during the second quarter worth $39,000. Quantbot Technologies LP bought a new position in Veeco Instruments during the second quarter worth $69,000. Smartleaf Asset Management LLC lifted its holdings in Veeco Instruments by 75.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 1,019 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in Veeco Instruments by 125.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,370 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

Insider Buying and Selling at Veeco Instruments

In other news, SVP Susan Wilkerson sold 35,723 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $61.69, for a total value of $2,203,751.87. Following the completion of the sale, the senior vice president directly owned 42,974 shares of the company’s stock, valued at $2,651,066.06. This represents a 45.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gordon Hunter sold 17,714 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $61.61, for a total value of $1,091,359.54. Following the completion of the transaction, the director owned 34,962 shares in the company, valued at $2,154,008.82. This represents a 33.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 393,076 shares of company stock worth $22,510,281. 2.70% of the stock is currently owned by corporate insiders.

Veeco Instruments Price Performance

Shares of NASDAQ VECO opened at $47.86 on Monday. The company has a quick ratio of 2.69, a current ratio of 3.93 and a debt-to-equity ratio of 0.25. The firm has a market cap of $2.93 billion, a PE ratio of 132.94 and a beta of 1.38. The company’s fifty day simple moving average is $58.38 and its 200 day simple moving average is $48.69. Veeco Instruments Inc. has a 12-month low of $23.31 and a 12-month high of $86.63.

Veeco Instruments (NASDAQ:VECO) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $193.48 million during the quarter, compared to analyst estimates of $180.08 million. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The firm’s revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. Veeco Instruments has set its FY 2026 guidance at 1.360-1.610 EPS and its Q3 2026 guidance at 0.350-0.490 EPS. As a group, sell-side analysts forecast that Veeco Instruments Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VECO has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Veeco Instruments from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings lowered Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Barclays boosted their price objective on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Citigroup upped their target price on Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Zacks Research cut Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $49.33.

Veeco Instruments Company Profile

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.