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.
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.
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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