Wellington Management Group LLP Takes $57.73 Million Position in Veeco Instruments Inc. $VECO

Wellington Management Group LLP bought a new position in shares of Veeco Instruments Inc. (NASDAQ:VECO) during the second quarter, Holdings Channel.com reports. The fund bought 761,575 shares of the semiconductor company’s stock, valued at approximately $57,727,000.

Several other hedge funds have also recently added to or reduced their stakes in VECO. BlackRock Inc. purchased a new position in Veeco Instruments in the second quarter worth approximately $728,127,000. Wasatch Advisors LP lifted its position in shares of Veeco Instruments by 4.9% during the 2nd quarter. Wasatch Advisors LP now owns 3,396,804 shares of the semiconductor company’s stock worth $69,023,000 after purchasing an additional 157,978 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Veeco Instruments by 9.7% during the second quarter. The Manufacturers Life Insurance Company now owns 3,215,031 shares of the semiconductor company’s stock worth $65,329,000 after purchasing an additional 284,716 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Veeco Instruments by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,481,803 shares of the semiconductor company’s stock valued at $75,521,000 after buying an additional 26,248 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY lifted its holdings in 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 worth $48,971,000 after buying an additional 30,000 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Analyst Upgrades and Downgrades

VECO has been the topic of several research analyst reports. Citigroup raised their target price on Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Weiss Ratings downgraded shares of Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Barclays upped their target price on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Wall Street Zen upgraded shares of Veeco Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. 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, Veeco Instruments has a consensus rating of “Hold” and a consensus target price of $49.33.

Veeco Instruments Price Performance

Shares of NASDAQ VECO opened at $42.55 on Friday. The stock has a market cap of $2.60 billion, a P/E ratio of 118.19 and a beta of 1.37. Veeco Instruments Inc. has a twelve month low of $23.31 and a twelve month high of $86.63. The stock has a 50 day moving average of $52.61 and a two-hundred day moving average of $49.56. The company has a current ratio of 3.93, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25.

Veeco Instruments (NASDAQ:VECO) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, beating 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 business had revenue of $193.48 million for the quarter, compared to analysts’ expectations of $180.08 million. During the same period in the previous year, the company posted $0.20 EPS. The company’s quarterly revenue was up 16.5% on a year-over-year basis. 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. On average, research analysts forecast that Veeco Instruments Inc. will post 0.95 earnings per share for the current year.

Insider Activity at Veeco Instruments

In other news, SVP Susan Wilkerson sold 15,506 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $69.56, for a total transaction of $1,078,597.36. Following the completion of the sale, the senior vice president owned 27,468 shares in the company, valued at approximately $1,910,674.08. This represents a 36.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Miller sold 200,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $54.18, for a total value of $10,836,000.00. Following the transaction, the chief executive officer directly owned 169,570 shares in the company, valued at approximately $9,187,302.60. This represents a 54.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 277,480 shares of company stock worth $15,519,159 in the last three months. Company insiders own 2.70% of the company’s stock.

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.