Federated Hermes Inc. Reduces Stock Position in Veeco Instruments Inc. $VECO

Federated Hermes Inc. trimmed its position in Veeco Instruments Inc. (NASDAQ:VECO) by 19.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 856,317 shares of the semiconductor company’s stock after selling 212,633 shares during the period. Federated Hermes Inc.’s holdings in Veeco Instruments were worth $26,058,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Veeco Instruments by 75.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 1,019 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Veeco Instruments by 49,728.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,488 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 3,481 shares in the last quarter. Signaturefd LLC boosted its position in Veeco Instruments by 42.2% during the 2nd quarter. Signaturefd LLC now owns 4,465 shares of the semiconductor company’s stock worth $91,000 after purchasing an additional 1,326 shares during the period. CWM LLC increased its holdings in Veeco Instruments by 329.7% in the 2nd quarter. CWM LLC now owns 4,632 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 3,554 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Veeco Instruments by 152.4% in the second quarter. Tower Research Capital LLC TRC now owns 6,160 shares of the semiconductor company’s stock valued at $125,000 after purchasing an additional 3,719 shares during the period. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VECO shares. Northland Securities lowered 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. Needham & Company LLC downgraded shares of Veeco Instruments from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Veeco Instruments in a research note on Wednesday, January 21st. Finally, Citigroup upped their target price on shares of Veeco Instruments from $29.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Veeco Instruments currently has an average rating of “Hold” and a consensus price target of $28.57.

Insider Buying and Selling

In other Veeco Instruments news, CEO William John Miller sold 25,000 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $32.00, for a total transaction of $800,000.00. Following the completion of the sale, the chief executive officer owned 464,543 shares in the company, valued at $14,865,376. The trade was a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is currently owned by corporate insiders.

Veeco Instruments Stock Performance

Shares of Veeco Instruments stock opened at $31.23 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.62 and a current ratio of 5.36. Veeco Instruments Inc. has a 1 year low of $16.92 and a 1 year high of $35.77. The firm’s 50-day simple moving average is $31.05 and its 200-day simple moving average is $27.98. The firm has a market cap of $1.88 billion, a PE ratio of 37.63 and a beta of 1.17.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings data 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 firm 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%.Veeco Instruments’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Veeco Instruments has set its Q4 2025 guidance at 0.160-0.320 EPS. Equities analysts forecast that Veeco Instruments Inc. will post 0.76 earnings per share for the current fiscal year.

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.