Caxton Associates LP Purchases Shares of 12,198 Veeco Instruments Inc. (VECO)

Caxton Associates LP purchased a new stake in shares of Veeco Instruments Inc. (NASDAQ:VECO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,198 shares of the semiconductor company’s stock, valued at approximately $90,000.

A number of other large investors have also recently bought and sold shares of VECO. Neuburgh Advisers LLC raised its holdings in Veeco Instruments by 47.2% in the 4th quarter. Neuburgh Advisers LLC now owns 7,040 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 2,256 shares in the last quarter. Bank of Montreal Can raised its holdings in Veeco Instruments by 32.1% in the 4th quarter. Bank of Montreal Can now owns 7,665 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 1,864 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Veeco Instruments in the 4th quarter worth $91,000. Oregon Public Employees Retirement Fund bought a new position in Veeco Instruments in the 4th quarter worth $135,000. Finally, Russell Investments Group Ltd. raised its holdings in Veeco Instruments by 443.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 21,200 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 17,300 shares in the last quarter. Institutional investors own 92.54% of the company’s stock.

Several brokerages have commented on VECO. Stifel Nicolaus lowered shares of Veeco Instruments from a “buy” rating to a “hold” rating and set a $12.00 price objective for the company. in a report on Wednesday, March 6th. Zacks Investment Research upgraded shares of Veeco Instruments from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a report on Saturday, January 5th. BidaskClub lowered shares of Veeco Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 9th. ValuEngine lowered shares of Veeco Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Benchmark restated a “hold” rating on shares of Veeco Instruments in a report on Tuesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.67.

Shares of NASDAQ VECO opened at $11.66 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.25 and a quick ratio of 2.27. Veeco Instruments Inc. has a 12 month low of $6.27 and a 12 month high of $19.50. The firm has a market capitalization of $556.78 million, a price-to-earnings ratio of -291.50 and a beta of 1.27.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data on Monday, February 11th. The semiconductor company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.01). The company had revenue of $98.97 million during the quarter, compared to the consensus estimate of $95.95 million. Veeco Instruments had a negative return on equity of 0.31% and a negative net margin of 75.10%. Equities research analysts expect that Veeco Instruments Inc. will post -0.62 EPS for the current year.

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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.

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Institutional Ownership by Quarter for Veeco Instruments (NASDAQ:VECO)

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