The Manufacturers Life Insurance Company Takes Position in Veeco Instruments Inc. $VECO

The Manufacturers Life Insurance Company bought a new stake in Veeco Instruments Inc. (NASDAQ:VECO) in the second quarter, HoldingsChannel.com reports. The fund bought 1,773,530 shares of the semiconductor company’s stock, valued at approximately $134,434,000.

A number of other hedge funds also recently bought and sold shares of the business. Tema ETFs LLC purchased a new position in shares of Veeco Instruments in the 2nd quarter worth $33,000. Allworth Financial LP purchased a new stake in shares of Veeco Instruments during the 2nd quarter valued at about $39,000. Smartleaf Asset Management LLC lifted its holdings in shares of Veeco Instruments by 75.6% in the 2nd 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 last quarter. Quantbot Technologies LP bought a new position in shares of Veeco Instruments in the 2nd quarter valued at about $69,000. Finally, Rockefeller Capital Management L.P. grew its position in Veeco Instruments by 125.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,461 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 1,370 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Analyst Ratings Changes

VECO has been the topic of several analyst reports. Barclays boosted their price objective on Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Zacks Research cut Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen raised Veeco Instruments from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Citigroup increased their price target on Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Weiss Ratings downgraded Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.33.

Veeco Instruments Stock Down 2.3%

Shares of NASDAQ VECO opened at $46.76 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.93 and a quick ratio of 2.69. The company has a market cap of $2.86 billion, a P/E ratio of 129.89 and a beta of 1.38. Veeco Instruments Inc. has a 1 year low of $23.31 and a 1 year high of $86.63. The firm has a 50-day simple moving average of $57.66 and a two-hundred day simple moving average of $48.80.

Veeco Instruments (NASDAQ:VECO) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The firm had revenue of $193.48 million for the quarter, compared to analysts’ expectations of $180.08 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. Veeco Instruments has set its FY 2026 guidance at 1.360-1.610 EPS and its Q3 2026 guidance at 0.350-0.490 EPS. Research analysts anticipate that Veeco Instruments Inc. will post 0.95 earnings per share for the current year.

Insider Buying and Selling

In other Veeco Instruments news, SVP Susan Wilkerson sold 15,506 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $69.56, for a total value of $1,078,597.36. Following the transaction, the senior vice president owned 27,468 shares of the company’s stock, valued at $1,910,674.08. This represents a 36.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gordon Hunter sold 16,974 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $68.80, for a total value of $1,167,811.20. Following the completion of the sale, the director owned 11,236 shares in the company, valued at approximately $773,036.80. The trade was a 60.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 334,232 shares of company stock worth $18,880,801 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.

About Veeco Instruments

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.