Veeco Instruments Inc. $VECO Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its position in Veeco Instruments Inc. (NASDAQ:VECO) by 152.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,764 shares of the semiconductor company’s stock after purchasing an additional 346,340 shares during the period. Segall Bryant & Hamill LLC owned about 0.95% of Veeco Instruments worth $17,460,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in 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 purchasing an additional 1,019 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Veeco Instruments by 49,728.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,488 shares of the semiconductor company’s stock worth $71,000 after buying an additional 3,481 shares during the last quarter. CWM LLC boosted its position in shares of Veeco Instruments by 7.6% in the 3rd quarter. CWM LLC now owns 4,985 shares of the semiconductor company’s stock worth $152,000 after buying an additional 353 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Veeco Instruments by 7.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 350 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Veeco Instruments by 152.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,160 shares of the semiconductor company’s stock valued at $125,000 after acquiring an additional 3,719 shares during the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on VECO. Zacks Research upgraded shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday. Citigroup raised their price objective on shares of Veeco Instruments from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Veeco Instruments in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.17.

Insiders Place Their Bets

In other Veeco Instruments news, CEO William John Miller sold 25,000 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $32.00, for a total transaction of $800,000.00. Following the transaction, the chief executive officer owned 464,543 shares of the company’s stock, valued at $14,865,376. This represents a 5.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.30% of the company’s stock.

Veeco Instruments Stock Performance

NASDAQ:VECO opened at $32.47 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.75 and a quick ratio of 3.20. The firm has a market cap of $1.96 billion, a PE ratio of 55.03 and a beta of 1.17. The firm has a 50 day simple moving average of $31.33 and a 200-day simple moving average of $29.47. Veeco Instruments Inc. has a 1-year low of $16.92 and a 1-year high of $35.77.

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.