64,154 Shares in Veeco Instruments Inc. $VECO Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Veeco Instruments Inc. (NASDAQ:VECO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,154 shares of the semiconductor company’s stock, valued at approximately $4,863,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Veeco Instruments by 29.6% during the first quarter. Royal Bank of Canada now owns 134,088 shares of the semiconductor company’s stock worth $2,692,000 after purchasing an additional 30,646 shares during the period. AQR Capital Management LLC grew its position in Veeco Instruments by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 29,785 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 10,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Veeco Instruments by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,043 shares of the semiconductor company’s stock valued at $664,000 after purchasing an additional 1,434 shares in the last quarter. Millennium Management LLC increased its stake in Veeco Instruments by 148.0% during the 1st quarter. Millennium Management LLC now owns 474,415 shares of the semiconductor company’s stock valued at $9,526,000 after purchasing an additional 283,099 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in Veeco Instruments during the first quarter worth $618,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

Veeco Instruments Trading Up 1.4%

Shares of Veeco Instruments stock opened at $47.86 on Friday. The company has a market capitalization of $2.93 billion, a P/E ratio of 132.94 and a beta of 1.38. The stock has a fifty day simple moving average of $58.38 and a 200 day simple moving average of $48.57. Veeco Instruments Inc. has a 12-month low of $23.31 and a 12-month high of $86.63. The company has a current ratio of 3.93, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The business had revenue of $193.48 million for the quarter, compared to analysts’ expectations of $180.08 million. Veeco Instruments had a return on equity of 3.52% and a net margin of 3.40%.The business’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. 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. On average, sell-side analysts anticipate that Veeco Instruments Inc. will post 0.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on VECO. Weiss Ratings raised shares of Veeco Instruments from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Citigroup boosted their target price on shares of Veeco Instruments from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Zacks Research lowered shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Barclays raised their price target on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen upgraded Veeco Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Veeco Instruments presently has a consensus rating of “Hold” and an average target price of $49.33.

Insider Buying and Selling

In related news, CFO John P. Kiernan sold 35,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $51.05, for a total transaction of $1,786,750.00. Following the transaction, the chief financial officer directly owned 68,802 shares in the company, valued at approximately $3,512,342.10. The trade was a 33.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan Wilkerson sold 15,506 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 27,468 shares of the company’s stock, valued at $1,910,674.08. The trade was a 36.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 393,076 shares of company stock valued at $22,510,281 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Veeco Instruments Company 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.