2 weeks Ago By Defense World Staff
Corebridge Financial Inc. lessened its holdings in shares of Veeco Instruments Inc. (NASDAQ:VECO – Free Report) by 7.
2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,637 shares of the semiconductor company’s stock after selling 2,315 shares during the period. Corebridge Financial Inc.
owned about 0.05% of Veeco Instruments worth $794,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also bought and sold shares of the company.
Smartleaf Asset Management LLC grew its position in shares of Veeco Instruments by 257.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,276 shares of the semiconductor company’s stock worth $35,000 after buying an additional 919 shares during the last quarter.
Inspire Investing LLC boosted its holdings in Veeco Instruments by 7.5% in the fourth quarter. Inspire Investing LLC now owns 14,886 shares of the semiconductor company’s stock valued at $399,000 after acquiring an additional 1,040 shares in the last quarter.
272 Capital LP purchased a new position in Veeco Instruments during the 3rd quarter valued at $50,000. Avior Wealth Management LLC raised its holdings in Veeco Instruments by 21.0% in the 4th quarter.
Avior Wealth Management LLC now owns 10,589 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 1,835 shares in the last quarter. Finally, Zacks Investment Management boosted its stake in shares of Veeco Instruments by 2.9% during the 3rd quarter.
Zacks Investment Management now owns 87,249 shares of the semiconductor company’s stock valued at $2,891,000 after purchasing an additional 2,431 shares in the last quarter. Institutional investors own 98.46% of the company’s stock.
Veeco Instruments Trading Down 3.6 %NASDAQ VECO opened at $17.93 on Friday.
The stock’s fifty day moving average price is $22.66 and its 200-day moving average price is $26.75.
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 stock has a market cap of $1.04 billion, a P/E ratio of 14.
46 and a beta of 1.12. Veeco Instruments Inc.
has a 12 month low of $17.11 and a 12 month high of $49.25.
Veeco Instruments (NASDAQ:VECO – Get Free Report) last released its quarterly earnings data 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%. As a group, equities analysts forecast that Veeco Instruments Inc.
will post 0.76 EPS for the current fiscal year. Wall Street Analyst Weigh InSeveral analysts have weighed in on VECO shares.
Oppenheimer reaffirmed an “outperform” rating and set a $35.00 price objective (down from $40.00) on shares of Veeco Instruments in a research report on Friday, February 7th.
Benchmark reduced their price target on Veeco Instruments from $38.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th.
Citigroup lowered their price objective on Veeco Instruments from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, February 13th.
StockNews.com raised shares of Veeco Instruments from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Needham & Company LLC lowered their price target on shares of Veeco Instruments from $35.
00 to $29.00 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 stock.
According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.43.
View Our Latest Stock Report on VECOInsider Buying and SellingIn related news, CFO John P. Kiernan sold 2,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $24.
51, for a total transaction of $61,275.00. Following the sale, the chief financial officer now directly owns 72,642 shares of the company’s stock, valued at $1,780,455.
42. This trade represents a 3.33 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.40% of the stock is owned by company insiders.
Veeco Instruments Profile (Free Report)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.Further ReadingFive stocks we like better than Veeco InstrumentsWhat is a support level?Conagra Stock Could Thrive as Tariffs Hit Other SectorsWhere Do I Find 52-Week Highs and Lows?Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsTrading Stocks: RSI and Why it’s UsefulSpotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?Want to see what other hedge funds are holding VECO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Veeco Instruments Inc. (NASDAQ:VECO – Free Report)..
