Louisiana State Employees Retirement System Invests $904,000 in Veeco Instruments Inc. $VECO

Louisiana State Employees Retirement System bought a new stake in Veeco Instruments Inc. (NASDAQ:VECO) in the 1st quarter, Holdings Channel.com reports. The firm bought 26,700 shares of the semiconductor company’s stock, valued at approximately $904,000.

Other large investors have also recently made changes to their positions in the company. Magnetar Financial LLC acquired a new position in Veeco Instruments during the fourth quarter worth approximately $48,342,000. American Century Companies Inc. grew its position in shares of Veeco Instruments by 920.1% during the third quarter. American Century Companies Inc. now owns 676,502 shares of the semiconductor company’s stock worth $20,586,000 after acquiring an additional 610,187 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Veeco Instruments by 37.4% during the fourth quarter. Fisher Asset Management LLC now owns 1,820,357 shares of the semiconductor company’s stock worth $52,026,000 after acquiring an additional 495,767 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Veeco Instruments by 1,164.3% in the 4th quarter. Millennium Management LLC now owns 477,386 shares of the semiconductor company’s stock valued at $13,644,000 after acquiring an additional 439,628 shares during the period. Finally, AQR Arbitrage LLC purchased a new stake in Veeco Instruments in the 4th quarter valued at $11,648,000. 98.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Veeco Instruments

In other Veeco Instruments news, Director Richard A. Damore sold 43,701 shares of Veeco Instruments stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $60.71, for a total value of $2,653,087.71. Following the sale, the director owned 112,594 shares of the company’s stock, valued at approximately $6,835,581.74. The trade was a 27.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William John Miller sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $59.55, for a total value of $5,955,000.00. Following the transaction, the chief executive officer owned 419,570 shares in the company, valued at $24,985,393.50. The trade was a 19.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 339,055 shares of company stock valued at $20,705,270. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on VECO shares. Wall Street Zen upgraded shares of Veeco Instruments to a “hold” rating in a research note on Saturday, June 6th. Barclays lifted their price objective on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Weiss Ratings raised shares of Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. Zacks Research upgraded shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Citigroup raised their price target on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Veeco Instruments has an average rating of “Hold” and an average target price of $40.60.

Veeco Instruments Price Performance

Shares of NASDAQ VECO opened at $57.49 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86. The stock has a fifty day moving average price of $62.96 and a 200 day moving average price of $43.55. Veeco Instruments Inc. has a 1-year low of $19.29 and a 1-year high of $86.63. The company has a market cap of $3.51 billion, a PE ratio of 151.29 and a beta of 1.34.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $158.34 million during the quarter, compared to analyst estimates of $160.07 million. Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share. 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. Sell-side analysts forecast that Veeco Instruments Inc. will post 1.1 EPS for the current year.

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.