Veeco Instruments Inc. $VECO Shares Bought by Riverwater Partners LLC

Riverwater Partners LLC grew its holdings in Veeco Instruments Inc. (NASDAQ:VECO) by 22.9% during the third quarter, HoldingsChannel.com reports. The fund owned 136,300 shares of the semiconductor company’s stock after purchasing an additional 25,412 shares during the quarter. Veeco Instruments makes up about 1.7% of Riverwater Partners LLC’s portfolio, making the stock its 5th biggest holding. Riverwater Partners LLC’s holdings in Veeco Instruments were worth $4,148,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its position in Veeco Instruments by 4.9% in the second quarter. Wasatch Advisors LP now owns 3,396,804 shares of the semiconductor company’s stock valued at $69,023,000 after purchasing an additional 157,978 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Veeco Instruments by 9.7% in the second quarter. The Manufacturers Life Insurance Company now owns 3,215,031 shares of the semiconductor company’s stock valued at $65,329,000 after buying an additional 284,716 shares in the last quarter. Paradigm Capital Management Inc. NY raised its holdings in shares of Veeco Instruments by 1.3% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,410,000 shares of the semiconductor company’s stock valued at $48,971,000 after buying an additional 30,000 shares during the period. Geode Capital Management LLC raised its holdings in shares of Veeco Instruments by 4.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,433,171 shares of the semiconductor company’s stock valued at $29,125,000 after buying an additional 64,729 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Veeco Instruments by 262.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,068,950 shares of the semiconductor company’s stock worth $21,721,000 after acquiring an additional 773,763 shares during the period. 98.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Veeco Instruments

In related news, CEO William John Miller sold 25,000 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $32.00, for a total value of $800,000.00. Following the sale, the chief executive officer owned 464,543 shares of the company’s stock, valued at $14,865,376. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VECO shares. Weiss Ratings reissued a “hold (c)” rating on shares of Veeco Instruments in a research report on Wednesday, January 21st. Citigroup lifted their price objective on Veeco Instruments from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Needham & Company LLC cut Veeco Instruments from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Northland Securities downgraded shares of Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 price objective on the stock. in a research note on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $28.57.

Veeco Instruments Stock Down 2.4%

VECO stock opened at $31.58 on Tuesday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 38.05 and a beta of 1.17. Veeco Instruments Inc. has a 1-year low of $16.92 and a 1-year high of $35.77. The firm has a fifty day moving average price of $30.65 and a two-hundred day moving average price of $27.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.36 and a quick ratio of 3.62.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $165.88 million during the quarter, compared to the consensus estimate of $160.49 million. Veeco Instruments had a net margin of 7.23% and a return on equity of 6.35%. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. Veeco Instruments has set its Q4 2025 guidance at 0.160-0.320 EPS. Research analysts predict that Veeco Instruments Inc. will post 0.76 EPS for the current year.

Veeco Instruments Company 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.