The Manufacturers Life Insurance Company Sells 78,792 Shares of Veeco Instruments Inc. $VECO

The Manufacturers Life Insurance Company lowered its position in shares of Veeco Instruments Inc. (NASDAQ:VECO) by 3.1% in the first quarter, HoldingsChannel reports. The firm owned 2,471,801 shares of the semiconductor company’s stock after selling 78,792 shares during the period. The Manufacturers Life Insurance Company’s holdings in Veeco Instruments were worth $83,695,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Magnetar Financial LLC acquired a new position in Veeco Instruments in the fourth quarter valued at about $48,342,000. Fisher Asset Management LLC increased its holdings 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 buying an additional 495,767 shares in the last quarter. Millennium Management LLC raised its stake in shares of Veeco Instruments by 1,164.3% in the fourth 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 last quarter. AQR Arbitrage LLC bought a new position in shares of Veeco Instruments in the fourth quarter valued at approximately $11,648,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Veeco Instruments by 182.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 582,627 shares of the semiconductor company’s stock worth $16,651,000 after acquiring an additional 376,553 shares in the last quarter. 98.46% of the stock is owned by institutional investors.

Veeco Instruments Stock Down 5.9%

NASDAQ VECO opened at $42.99 on Thursday. The stock has a fifty day moving average of $62.25 and a 200-day moving average of $46.50. The stock has a market capitalization of $2.62 billion, a P/E ratio of 113.13 and a beta of 1.34. Veeco Instruments Inc. has a 52 week low of $19.29 and a 52 week high of $86.63. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.86 and a current ratio of 4.23.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings results 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 for 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 company’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS. 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, equities research analysts forecast that Veeco Instruments Inc. will post 1.1 EPS for the current year.

Insider Activity at Veeco Instruments

In other Veeco Instruments news, SVP Adrian Devasahayam sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $65.00, for a total value of $650,000.00. Following the transaction, the senior vice president directly owned 85,115 shares of the company’s stock, valued at approximately $5,532,475. This trade represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Susan Wilkerson sold 15,506 shares of Veeco Instruments stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $69.56, for a total transaction of $1,078,597.36. Following the sale, the senior vice president directly owned 27,468 shares of the company’s stock, valued at $1,910,674.08. This represents a 36.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 339,055 shares of company stock worth $20,705,270 over the last 90 days. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

VECO has been the topic of a number of research analyst reports. Zacks Research lowered Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen upgraded Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. 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. Citigroup lifted their price target on Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.60.

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.