EntryPoint Capital LLC Has $477,000 Stock Holdings in Veeco Instruments Inc. (NASDAQ:VECO)

EntryPoint Capital LLC lifted its holdings in shares of Veeco Instruments Inc. (NASDAQ:VECO) by 165.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,812 shares of the semiconductor company’s stock after buying an additional 11,110 shares during the period. EntryPoint Capital LLC’s holdings in Veeco Instruments were worth $477,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its position in Veeco Instruments by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,337,321 shares of the semiconductor company’s stock valued at $44,314,000 after acquiring an additional 22,850 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Veeco Instruments by 257.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,276 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 919 shares in the last quarter. Victory Capital Management Inc. increased its position in Veeco Instruments by 15.1% during the 4th quarter. Victory Capital Management Inc. now owns 493,039 shares of the semiconductor company’s stock worth $13,213,000 after purchasing an additional 64,824 shares in the last quarter. PDT Partners LLC bought a new position in Veeco Instruments in the 3rd quarter valued at approximately $2,109,000. Finally, Synovus Financial Corp acquired a new stake in Veeco Instruments in the third quarter valued at approximately $633,000. 98.46% of the stock is currently owned by institutional investors.

Veeco Instruments Trading Down 0.3 %

NASDAQ VECO opened at $21.71 on Wednesday. The company has a current ratio of 3.98, a quick ratio of 2.69 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $1.26 billion, a P/E ratio of 17.51 and a beta of 1.24. The business has a fifty day simple moving average of $23.75 and a 200 day simple moving average of $27.30. Veeco Instruments Inc. has a 12 month low of $20.05 and a 12 month high of $49.25.

Veeco Instruments (NASDAQ:VECO) last released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). Veeco Instruments had a net margin of 10.28% and a return on equity of 9.38%. On average, analysts predict that Veeco Instruments Inc. will post 0.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on VECO. Needham & Company LLC dropped their price target on Veeco Instruments from $35.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. StockNews.com raised Veeco Instruments from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Benchmark lowered their price objective on Veeco Instruments from $38.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Oppenheimer reiterated an “outperform” rating and set a $35.00 target price (down from $40.00) on shares of Veeco Instruments in a research report on Friday, February 7th. Finally, Citigroup decreased their price target on shares of Veeco Instruments from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.43.

Insider Transactions at Veeco Instruments

In other Veeco Instruments news, CFO John P. Kiernan sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $24.51, for a total value of $61,275.00. Following the transaction, the chief financial officer now owns 72,642 shares of the company’s stock, valued at approximately $1,780,455.42. The trade was a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.40% of the company’s stock.

Veeco Instruments Profile

Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems.