Schwab Charles Investment Management Inc. increased its holdings in shares of Veeco Instruments Inc. (NASDAQ:VECO) by 12.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 315,747 shares of the semiconductor company’s stock after purchasing an additional 34,790 shares during the period. Schwab Charles Investment Management Inc. owned 0.78% of Veeco Instruments worth $8,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Veeco Instruments by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 3,613,016 shares of the semiconductor company’s stock worth $107,848,000 after purchasing an additional 179,949 shares during the period. Dimensional Fund Advisors LP boosted its position in Veeco Instruments by 11.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,478,396 shares of the semiconductor company’s stock worth $73,980,000 after purchasing an additional 259,648 shares during the period. State Street Corp boosted its position in Veeco Instruments by 7.1% during the 1st quarter. State Street Corp now owns 933,098 shares of the semiconductor company’s stock worth $27,860,000 after purchasing an additional 61,555 shares during the period. Canada Pension Plan Investment Board boosted its position in Veeco Instruments by 41.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 596,900 shares of the semiconductor company’s stock worth $16,624,000 after purchasing an additional 174,600 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Veeco Instruments during the 1st quarter worth $13,116,000. 96.00% of the stock is owned by hedge funds and other institutional investors.

VECO has been the subject of a number of research reports. ValuEngine cut shares of Veeco Instruments from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Deutsche Bank AG set a $21.00 price target on shares of Veeco Instruments and gave the stock a “hold” rating in a research report on Wednesday, August 30th. BidaskClub raised shares of Veeco Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Zacks Investment Research cut shares of Veeco Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, July 22nd. Finally, KeyCorp cut their price objective on shares of Veeco Instruments from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $31.56.

Veeco Instruments Inc. (NASDAQ:VECO) opened at 21.10 on Thursday. The firm has a 50-day moving average of $20.01 and a 200-day moving average of $27.34. Veeco Instruments Inc. has a one year low of $18.30 and a one year high of $34.38. The firm’s market cap is $1.02 billion.

Veeco Instruments (NASDAQ:VECO) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. Veeco Instruments had a negative net margin of 23.65% and a negative return on equity of 1.33%. The business had revenue of $115.07 million for the quarter, compared to analyst estimates of $110.87 million. During the same period last year, the business posted ($0.19) EPS. Veeco Instruments’s revenue was up 52.7% compared to the same quarter last year. Analysts anticipate that Veeco Instruments Inc. will post $0.46 EPS for the current year.

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Veeco Instruments Company Profile

Veeco Instruments Inc is engaged in the design, development, manufacture and support of thin film process equipment, primarily sold to make electronic devices. The Company’s geographical segments include the United States; China; Europe, Middle East and Africa (EMEA), and Rest of World (ROW). The Company’s portfolio of technology solutions focus on market areas, including Lighting, Display & Power Electronics; Advanced Packaging, micro-electromechanical systems (MEMS) & radio frequency (RF); Scientific & Industrial, and Data Storage.

Institutional Ownership by Quarter for Veeco Instruments (NASDAQ:VECO)

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