Candriam Luxembourg S.C.A. Has $3.20 Million Stake in Veeco Instruments Inc. (VECO)
Candriam Luxembourg S.C.A. increased its stake in Veeco Instruments Inc. (NASDAQ:VECO) by 6.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 114,863 shares of the semiconductor company’s stock after buying an additional 6,580 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Veeco Instruments were worth $3,199,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Creative Planning boosted its stake in shares of Veeco Instruments by 3.4% in the first quarter. Creative Planning now owns 3,624 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 120 shares during the last quarter. FNY Partners Fund LP bought a new stake in shares of Veeco Instruments during the first quarter valued at $126,000. State of Alaska Department of Revenue boosted its stake in shares of Veeco Instruments by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 4,480 shares of the semiconductor company’s stock valued at $133,000 after buying an additional 80 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Veeco Instruments by 2,768.5% in the second quarter. Nisa Investment Advisors LLC now owns 5,737 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 5,537 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Veeco Instruments by 4.8% in the second quarter. Bank of Montreal Can now owns 5,771 shares of the semiconductor company’s stock valued at $161,000 after buying an additional 265 shares during the last quarter. 87.07% of the stock is currently owned by institutional investors.
Veeco Instruments Inc. (NASDAQ VECO) opened at 21.50 on Wednesday. Veeco Instruments Inc. has a 1-year low of $18.60 and a 1-year high of $34.38. The company’s market cap is $872.43 million. The stock’s 50 day moving average price is $29.78 and its 200-day moving average price is $29.50.
Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.03. The business had revenue of $115.07 million during the quarter, compared to the consensus estimate of $110.87 million. Veeco Instruments had a negative net margin of 23.65% and a negative return on equity of 1.33%. The business’s revenue was up 52.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.19) EPS. On average, analysts forecast that Veeco Instruments Inc. will post $0.77 earnings per share for the current year.
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Several equities research analysts have weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $36.00 price objective on shares of Veeco Instruments in a research note on Sunday, April 23rd. Zacks Investment Research cut Veeco Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. BidaskClub raised Veeco Instruments from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Needham & Company LLC reissued a “buy” rating and set a $36.00 price objective (up from $30.00) on shares of Veeco Instruments in a research note on Monday, April 24th. Finally, Deutsche Bank AG cut Veeco Instruments from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $35.00 to $30.00 in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $34.00.
In other news, President William John Miller sold 8,481 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $31.51, for a total transaction of $267,236.31. Following the completion of the sale, the president now owns 69,792 shares in the company, valued at approximately $2,199,145.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter J. Simone sold 4,257 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $31.91, for a total transaction of $135,840.87. Following the sale, the director now owns 24,332 shares of the company’s stock, valued at approximately $776,434.12. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
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.
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