Wellington Management Group LLP Invests $57.73 Million in Veeco Instruments Inc. $VECO

Wellington Management Group LLP purchased a new position in shares of Veeco Instruments Inc. (NASDAQ:VECO) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 761,575 shares of the semiconductor company’s stock, valued at approximately $57,727,000. Wellington Management Group LLP owned about 1.25% of Veeco Instruments at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VECO. Louisiana State Employees Retirement System acquired a new stake in shares of Veeco Instruments in the first quarter valued at approximately $904,000. Fisher Asset Management LLC boosted its stake in 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 during the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new stake in Veeco Instruments in the 4th quarter valued at $1,572,000. New York Life Investment Management LLC purchased a new position in shares of Veeco Instruments during the 4th quarter worth $1,808,000. Finally, UBS Group AG raised its holdings in shares of Veeco Instruments by 11.0% during the 4th quarter. UBS Group AG now owns 292,360 shares of the semiconductor company’s stock worth $8,356,000 after acquiring an additional 28,967 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VECO. Barclays upped their price objective on shares of Veeco Instruments from $30.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Wall Street Zen upgraded shares of Veeco Instruments from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Citigroup upped their price objective on Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 10th. Weiss Ratings lowered Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Finally, Zacks Research cut Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. 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 MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.33.

Insiders Place Their Bets

In other Veeco Instruments news, CFO John P. Kiernan sold 35,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 68,802 shares in the company, valued at $3,512,342.10. This represents a 33.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gordon Hunter sold 16,974 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $68.80, for a total transaction of $1,167,811.20. Following the completion of the transaction, the director directly owned 11,236 shares of the company’s stock, valued at $773,036.80. This represents a 60.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 277,480 shares of company stock valued at $15,519,159. 2.70% of the stock is owned by company insiders.

Veeco Instruments Trading Down 1.1%

VECO opened at $42.55 on Friday. Veeco Instruments Inc. has a 52 week low of $23.31 and a 52 week high of $86.63. The company has a quick ratio of 2.69, a current ratio of 3.93 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $52.61 and a 200-day simple moving average of $49.56. The firm has a market cap of $2.60 billion, a P/E ratio of 118.19 and a beta of 1.37.

Veeco Instruments (NASDAQ:VECO) last announced 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. The company had revenue of $193.48 million during 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%.Veeco Instruments’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period last year, the business posted $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, equities analysts expect that Veeco Instruments Inc. will post 0.95 earnings per share for the current year.

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.