Veeco Instruments Inc. $VECO Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its holdings in Veeco Instruments Inc. (NASDAQ:VECO) by 262.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,068,950 shares of the semiconductor company’s stock after buying an additional 773,763 shares during the quarter. Federated Hermes Inc.’s holdings in Veeco Instruments were worth $21,721,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Mirabella Financial Services LLP raised its stake in Veeco Instruments by 7.3% during the second quarter. Mirabella Financial Services LLP now owns 69,415 shares of the semiconductor company’s stock worth $1,411,000 after acquiring an additional 4,746 shares during the period. First Trust Advisors LP acquired a new stake in shares of Veeco Instruments during the 2nd quarter worth approximately $1,922,000. Invesco Ltd. lifted its holdings in shares of Veeco Instruments by 5.0% in the 2nd quarter. Invesco Ltd. now owns 252,541 shares of the semiconductor company’s stock worth $5,132,000 after purchasing an additional 12,089 shares during the last quarter. TradeLink Capital LLC acquired a new position in Veeco Instruments during the 2nd quarter valued at approximately $296,000. Finally, Russell Investments Group Ltd. grew its stake in Veeco Instruments by 9.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company’s stock worth $130,000 after buying an additional 580 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

Analysts Set New Price Targets

VECO has been the topic of a number of recent research reports. Northland Capmk cut Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Needham & Company LLC downgraded shares of Veeco Instruments from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Northland Securities lowered shares of Veeco Instruments from an “outperform” rating to a “market perform” rating and set a $30.00 target price for the company. in a research note on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Veeco Instruments in a research note on Wednesday, October 8th. Finally, Citigroup lifted their price target on Veeco Instruments from $29.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.57.

Insider Activity

In related news, CEO William John Miller sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $32.00, for a total value of $800,000.00. Following the sale, the chief executive officer directly owned 464,543 shares in the company, valued at $14,865,376. The trade was a 5.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Adrian Devasahayam sold 3,851 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $34.00, for a total transaction of $130,934.00. Following the sale, the senior vice president directly owned 78,269 shares of the company’s stock, valued at approximately $2,661,146. This represents a 4.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 86,911 shares of company stock worth $2,684,050. 2.30% of the stock is owned by company insiders.

Veeco Instruments Stock Performance

VECO opened at $32.26 on Wednesday. The business has a 50 day moving average price of $29.57 and a two-hundred day moving average price of $25.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.36 and a quick ratio of 3.62. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 38.87 and a beta of 1.17. Veeco Instruments Inc. has a 1-year low of $16.92 and a 1-year high of $34.45.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. The company had revenue of $165.88 million for the quarter, compared to analysts’ expectations of $160.49 million. Veeco Instruments had a return on equity of 6.35% and a net margin of 7.23%.The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. Veeco Instruments has set its Q4 2025 guidance at 0.160-0.320 EPS. Research analysts predict that Veeco Instruments Inc. will post 0.76 EPS for the current fiscal year.

Veeco Instruments Company Profile

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.