Schneider Capital Management Corp lowered its position in shares of Veeco Instruments Inc. (NASDAQ:VECO) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,425 shares of the semiconductor company’s stock after selling 2,200 shares during the quarter. Schneider Capital Management Corp owned about 0.36% of Veeco Instruments worth $4,858,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Partners bought a new stake in Veeco Instruments during the second quarter valued at $3,485,000. Symphony Asset Management LLC boosted its position in Veeco Instruments by 66.8% during the second quarter. Symphony Asset Management LLC now owns 46,404 shares of the semiconductor company’s stock valued at $1,292,000 after acquiring an additional 18,582 shares during the last quarter. Rhumbline Advisers boosted its position in Veeco Instruments by 17.6% during the second quarter. Rhumbline Advisers now owns 99,614 shares of the semiconductor company’s stock valued at $2,774,000 after acquiring an additional 14,923 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Veeco Instruments by 0.8% during the second quarter. Eagle Asset Management Inc. now owns 2,480,198 shares of the semiconductor company’s stock valued at $69,073,000 after acquiring an additional 18,713 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Veeco Instruments by 19.6% during the second quarter. Great West Life Assurance Co. Can now owns 69,327 shares of the semiconductor company’s stock valued at $1,927,000 after acquiring an additional 11,376 shares during the last quarter. 96.00% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Veeco Instruments Inc. (VECO) Shares Sold by Schneider Capital Management Corp” was posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.dailypolitical.com/2017/10/12/veeco-instruments-inc-veco-shares-sold-by-schneider-capital-management-corp.html.

VECO has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Veeco Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, July 22nd. BidaskClub cut shares of Veeco Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, June 17th. Needham & Company LLC cut their price target on shares of Veeco Instruments from $36.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, August 30th. Deutsche Bank AG set a $21.00 price target on shares of Veeco Instruments and gave the company a “hold” rating in a research report on Wednesday, August 30th. Finally, ValuEngine cut shares of Veeco Instruments from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Veeco Instruments currently has an average rating of “Hold” and an average price target of $30.89.

Shares of Veeco Instruments Inc. (NASDAQ:VECO) traded down 0.48% during trading on Thursday, hitting $20.95. 117,938 shares of the stock traded hands. The firm’s market cap is $1.01 billion. Veeco Instruments Inc. has a 12 month low of $18.30 and a 12 month high of $34.38. The company has a 50 day moving average price of $20.30 and a 200 day moving average price of $27.05.

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

Veeco Instruments 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)

Receive News & Ratings for Veeco Instruments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeco Instruments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.