Nano Cap New Millennium Growth Fund L P Buys Shares of 55,000 Veeco Instruments Inc. $VECO

Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Veeco Instruments Inc. (NASDAQ:VECO) in the fourth quarter, HoldingsChannel.com reports. The firm bought 55,000 shares of the semiconductor company’s stock, valued at approximately $1,572,000. Veeco Instruments makes up about 1.3% of Nano Cap New Millennium Growth Fund L P’s holdings, making the stock its 18th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in shares of Veeco Instruments by 29.6% in the 1st quarter. Royal Bank of Canada now owns 134,088 shares of the semiconductor company’s stock worth $2,692,000 after purchasing an additional 30,646 shares during the period. AQR Capital Management LLC lifted its stake in shares of Veeco Instruments by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company’s stock worth $598,000 after purchasing an additional 10,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Veeco Instruments by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company’s stock worth $664,000 after purchasing an additional 1,434 shares during the period. Millennium Management LLC lifted its stake in shares of Veeco Instruments by 148.0% in the 1st quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company’s stock worth $9,526,000 after purchasing an additional 283,099 shares during the period. Finally, Woodline Partners LP bought a new position in shares of Veeco Instruments in the 1st quarter worth approximately $618,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Veeco Instruments Stock Performance

VECO opened at $57.74 on Friday. The firm has a market cap of $3.52 billion, a P/E ratio of 151.95 and a beta of 1.36. Veeco Instruments Inc. has a 1-year low of $18.85 and a 1-year high of $65.43. The company has a 50 day simple moving average of $43.74 and a two-hundred day simple moving average of $35.29. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The firm had revenue of $158.34 million during the quarter, compared to the consensus estimate of $160.07 million. Veeco Instruments had a return on equity of 3.49% and a net margin of 3.53%.The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 earnings per share. 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. Equities analysts forecast that Veeco Instruments Inc. will post 1.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gordon Hunter sold 29,532 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $59.41, for a total transaction of $1,754,496.12. Following the completion of the sale, the director owned 52,676 shares in the company, valued at approximately $3,129,481.16. This trade represents a 35.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William John Miller sold 100,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $59.55, for a total value of $5,955,000.00. Following the sale, the chief executive officer owned 419,570 shares of the company’s stock, valued at $24,985,393.50. This represents a 19.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 230,979 shares of company stock worth $12,398,739 over the last three months. 2.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

VECO has been the topic of several recent research reports. Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Needham & Company LLC reiterated a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Citigroup lifted their target price on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings downgraded Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Finally, Barclays lifted their target price on Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday. Two 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 data from MarketBeat, Veeco Instruments has an average rating of “Hold” and an average target price of $40.60.

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.