Veeco Instruments Inc. (NASDAQ:VECO) CEO John R. Peeler purchased 10,000 shares of Veeco Instruments stock in a transaction on Friday, August 10th. The shares were acquired at an average cost of $11.45 per share, for a total transaction of $114,500.00. Following the completion of the transaction, the chief executive officer now owns 393,162 shares of the company’s stock, valued at $4,501,704.90. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NASDAQ VECO opened at $11.40 on Friday. Veeco Instruments Inc. has a 52 week low of $10.85 and a 52 week high of $22.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.20 and a current ratio of 2.94. The firm has a market cap of $563.54 million, a PE ratio of -570.00 and a beta of 0.56.

Veeco Instruments (NASDAQ:VECO) last posted its earnings results on Thursday, August 2nd. The semiconductor company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Veeco Instruments had a negative net margin of 47.49% and a positive return on equity of 1.26%. The business had revenue of $157.78 million for the quarter, compared to analysts’ expectations of $160.35 million. During the same period in the previous year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. equities research analysts anticipate that Veeco Instruments Inc. will post 0.19 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Veeco Instruments by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,317,366 shares of the semiconductor company’s stock worth $47,273,000 after purchasing an additional 169,886 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Veeco Instruments by 5.9% during the second quarter. Legal & General Group Plc now owns 109,547 shares of the semiconductor company’s stock worth $1,564,000 after purchasing an additional 6,124 shares in the last quarter. Pinebridge Investments L.P. lifted its position in shares of Veeco Instruments by 22.8% during the second quarter. Pinebridge Investments L.P. now owns 94,639 shares of the semiconductor company’s stock worth $1,349,000 after purchasing an additional 17,558 shares in the last quarter. Royce & Associates LP lifted its position in shares of Veeco Instruments by 21.5% during the second quarter. Royce & Associates LP now owns 613,482 shares of the semiconductor company’s stock worth $8,742,000 after purchasing an additional 108,563 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Veeco Instruments during the second quarter worth $257,000. 99.73% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have weighed in on VECO. Northland Securities began coverage on shares of Veeco Instruments in a research report on Thursday, April 19th. They set an “outperform” rating on the stock. BidaskClub cut shares of Veeco Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. ValuEngine cut shares of Veeco Instruments from a “sell” rating to a “strong sell” rating in a research report on Friday, May 18th. Benchmark reaffirmed a “hold” rating and set a $38.00 price target on shares of Veeco Instruments in a research report on Friday, August 3rd. Finally, Zacks Investment Research raised shares of Veeco Instruments from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research report on Saturday, May 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Veeco Instruments currently has a consensus rating of “Hold” and a consensus price target of $26.20.

Veeco Instruments Company Profile

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 Article: Earnings Per Share

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.