Fisher Asset Management LLC Increases Stake in Veeco Instruments Inc. $VECO

Fisher Asset Management LLC grew its position in Veeco Instruments Inc. (NASDAQ:VECO) by 37.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,820,357 shares of the semiconductor company’s stock after acquiring an additional 495,767 shares during the quarter. Fisher Asset Management LLC’s holdings in Veeco Instruments were worth $52,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in shares of Veeco Instruments by 75.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 1,019 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of Veeco Instruments in the third quarter valued at $91,000. Global Retirement Partners LLC raised its stake in shares of Veeco Instruments by 16,961.9% in the fourth quarter. Global Retirement Partners LLC now owns 3,583 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 3,562 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Veeco Instruments by 152.4% in the second quarter. Tower Research Capital LLC TRC now owns 6,160 shares of the semiconductor company’s stock valued at $125,000 after acquiring an additional 3,719 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Veeco Instruments by 9.9% in the second quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 580 shares during the period. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Needham & Company LLC reissued a “hold” rating on shares of Veeco Instruments in a research note on Thursday, February 26th. Barclays raised their price target on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Weiss Ratings downgraded shares of Veeco Instruments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Citigroup raised their price target on shares of Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.60.

Veeco Instruments Trading Up 4.9%

VECO stock opened at $62.47 on Wednesday. The company has a market capitalization of $3.81 billion, a PE ratio of 164.40 and a beta of 1.36. Veeco Instruments Inc. has a 12 month low of $19.04 and a 12 month high of $65.43. The firm’s 50-day moving average is $45.49 and its 200 day moving average is $35.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The firm had revenue of $158.34 million for the quarter, compared to analysts’ expectations of $160.07 million. During the same quarter in the prior year, the business posted $0.37 EPS. The business’s quarterly revenue was down 5.4% on a year-over-year basis. Veeco Instruments has set its Q2 2026 guidance at 0.200-0.320 EPS and its FY 2026 guidance at 1.500-1.850 EPS. On average, research analysts anticipate that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Insiders Place Their Bets

In other Veeco Instruments news, CEO William John Miller sold 100,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $59.55, for a total transaction of $5,955,000.00. Following the transaction, the chief executive officer directly owned 419,570 shares in the company, valued at $24,985,393.50. This represents a 19.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard A. Damore sold 43,701 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $60.71, for a total transaction of $2,653,087.71. Following the transaction, the director owned 112,594 shares in the company, valued at approximately $6,835,581.74. The trade was a 27.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 230,979 shares of company stock worth $12,398,739 in the last three months. Corporate insiders own 2.70% of the company’s stock.

Veeco Instruments 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.