2,065,399 Shares in Veeco Instruments Inc. $VECO Purchased by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY acquired a new position in Veeco Instruments Inc. (NASDAQ:VECO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,065,399 shares of the semiconductor company’s stock, valued at approximately $156,557,000. Veeco Instruments accounts for approximately 4.3% of Paradigm Capital Management Inc. NY’s investment portfolio, making the stock its 6th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tema ETFs LLC bought a new position in shares of Veeco Instruments in the 2nd quarter valued at about $33,000. Allworth Financial LP bought a new stake in shares of Veeco Instruments during the second quarter worth approximately $39,000. Smartleaf Asset Management LLC raised its stake in shares of Veeco Instruments by 75.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock worth $49,000 after buying an additional 1,019 shares during the last quarter. Quantbot Technologies LP acquired a new position in Veeco Instruments in the second quarter valued at approximately $69,000. 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. 98.46% of the stock is owned by institutional investors.

Veeco Instruments Stock Down 2.3%

Shares of NASDAQ:VECO opened at $46.76 on Tuesday. The company has a 50 day moving average price of $57.66 and a two-hundred day moving average price of $48.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.69 and a current ratio of 3.93. The company has a market capitalization of $2.86 billion, a PE ratio of 129.89 and a beta of 1.38. Veeco Instruments Inc. has a 52 week low of $23.31 and a 52 week high of $86.63.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The company had revenue of $193.48 million for the quarter, compared to analysts’ expectations of $180.08 million. During the same period last year, the firm posted $0.20 earnings per share. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. 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. Analysts forecast that Veeco Instruments Inc. will post 0.95 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity

In other Veeco Instruments news, Director Gordon Hunter sold 16,974 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $68.80, for a total value of $1,167,811.20. Following the completion of the transaction, the director directly owned 11,236 shares of the company’s stock, valued at approximately $773,036.80. The trade was a 60.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Susan Wilkerson sold 15,506 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $69.56, for a total value of $1,078,597.36. Following the completion of the sale, the senior vice president owned 27,468 shares of the company’s stock, valued at $1,910,674.08. This trade represents a 36.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 334,232 shares of company stock valued at $18,880,801. Company insiders own 2.70% of the company’s stock.

Veeco Instruments 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.