Hsbc Holdings PLC Invests $1.14 Million in Veeco Instruments Inc. $VECO

Hsbc Holdings PLC acquired a new position in Veeco Instruments Inc. (NASDAQ:VECO) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 34,187 shares of the semiconductor company’s stock, valued at approximately $1,141,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System purchased a new position in Veeco Instruments during the 1st quarter valued at about $904,000. Fisher Asset Management LLC raised its position in shares of Veeco Instruments by 37.4% in the 4th quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock worth $52,026,000 after purchasing an additional 495,767 shares during the last quarter. New York Life Investment Management LLC purchased a new stake in Veeco Instruments during the 4th quarter valued at about $1,808,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Veeco Instruments in the fourth quarter worth approximately $1,572,000. Finally, UBS Group AG raised its holdings in Veeco Instruments by 11.0% in the 4th quarter. UBS Group AG now owns 292,360 shares of the semiconductor company’s stock worth $8,356,000 after acquiring an additional 28,967 shares during the last quarter. 98.46% of the stock is owned by hedge funds and other institutional investors.

Veeco Instruments Stock Performance

VECO stock opened at $45.68 on Wednesday. Veeco Instruments Inc. has a twelve month low of $19.29 and a twelve month high of $86.63. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 120.21 and a beta of 1.34. The business’s fifty day simple moving average is $62.52 and its two-hundred day simple moving average is $46.42. The company has a quick ratio of 2.86, a current ratio of 4.23 and a debt-to-equity ratio of 0.26.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). The company had revenue of $158.34 million during the quarter, compared to analysts’ expectations of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. Veeco Instruments has set its Q2 2026 guidance at 0.200-0.320 EPS and its FY 2026 guidance at 1.500-1.850 EPS. Analysts predict that Veeco Instruments Inc. will post 1.1 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on VECO shares. Wall Street Zen raised Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings upgraded Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 30th. Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Citigroup raised their target price on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Barclays increased their target price on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.60.

Insider Transactions at Veeco Instruments

In other Veeco Instruments news, Director Gordon Hunter sold 16,974 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $68.80, for a total transaction of $1,167,811.20. Following the transaction, the director owned 11,236 shares of the company’s stock, valued at approximately $773,036.80. This trade represents a 60.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard A. Damore sold 43,701 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $60.71, for a total transaction of $2,653,087.71. Following the completion of the sale, the director owned 112,594 shares of the company’s stock, valued at approximately $6,835,581.74. This represents a 27.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 339,055 shares of company stock valued at $20,705,270 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

About Veeco Instruments

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.