Renaissance Technologies LLC lowered its holdings in shares of Veeco Instruments Inc. (NASDAQ:VECO) by 81.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,303 shares of the semiconductor company’s stock after selling 103,000 shares during the quarter. Renaissance Technologies LLC’s holdings in Veeco Instruments were worth $332,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in Veeco Instruments during the 2nd quarter valued at $257,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Veeco Instruments during the 2nd quarter valued at $147,000. Trexquant Investment LP purchased a new position in Veeco Instruments during the 2nd quarter valued at $201,000. Legal & General Group Plc boosted its holdings in Veeco Instruments by 9.8% during the 1st quarter. Legal & General Group Plc now owns 103,423 shares of the semiconductor company’s stock valued at $1,752,000 after acquiring an additional 9,228 shares during the period. Finally, LPL Financial LLC boosted its holdings in Veeco Instruments by 18.9% during the 1st quarter. LPL Financial LLC now owns 25,065 shares of the semiconductor company’s stock valued at $426,000 after acquiring an additional 3,988 shares during the period. Institutional investors own 94.03% of the company’s stock.
In other news, CFO Shubham Maheshwari bought 5,000 shares of the stock in a transaction on Thursday, August 23rd. The stock was acquired at an average cost of $10.05 per share, for a total transaction of $50,250.00. Following the acquisition, the chief financial officer now owns 93,323 shares of the company’s stock, valued at $937,896.15. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by corporate insiders.
Shares of VECO stock opened at $8.97 on Friday. Veeco Instruments Inc. has a twelve month low of $6.61 and a twelve month high of $20.55. The firm has a market capitalization of $433.48 million, a price-to-earnings ratio of -450.00 and a beta of 0.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.15 and a quick ratio of 2.28.
Veeco Instruments (NASDAQ:VECO) last issued its earnings results on Thursday, November 1st. The semiconductor company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. Veeco Instruments had a positive return on equity of 1.93% and a negative net margin of 45.70%. The business had revenue of $126.76 million during the quarter, compared to analysts’ expectations of $135.50 million. During the same period in the prior year, the business earned $0.09 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, equities analysts forecast that Veeco Instruments Inc. will post -0.01 EPS for the current year.
WARNING: “Veeco Instruments Inc. (VECO) Position Cut by Renaissance Technologies LLC” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://sportsperspectives.com/2018/11/09/veeco-instruments-inc-veco-position-cut-by-renaissance-technologies-llc.html.
About Veeco Instruments
Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor process equipment worldwide. It offers metal organic chemical vapor deposition systems; packaging lithography equipment; precision surface processing systems; laser annealing systems; ion beam etch and deposition systems; molecular beam epitaxy systems; 3D wafer inspection systems; and atomic layer deposition and other deposition systems.
Featured Story: Do Tariffs Work?
Want to see what other hedge funds are holding VECO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veeco Instruments Inc. (NASDAQ:VECO).
Receive News & Ratings for Veeco Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeco Instruments and related companies with MarketBeat.com's FREE daily email newsletter.