Veeco Instruments Inc. (NASDAQ:VECO) Stock Holdings Trimmed by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in Veeco Instruments Inc. (NASDAQ:VECO) by 57.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,832 shares of the semiconductor company’s stock after selling 218,272 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.33% of Veeco Instruments worth $1,879,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VECO. Glen Harbor Capital Management LLC increased its holdings in Veeco Instruments by 11.2% in the second quarter. Glen Harbor Capital Management LLC now owns 11,374 shares of the semiconductor company’s stock valued at $139,000 after buying an additional 1,144 shares during the last quarter. Bank of Montreal Can increased its holdings in Veeco Instruments by 43.9% in the second quarter. Bank of Montreal Can now owns 12,945 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 3,947 shares during the last quarter. Elkfork Partners LLC increased its holdings in Veeco Instruments by 11.2% in the second quarter. Elkfork Partners LLC now owns 14,476 shares of the semiconductor company’s stock valued at $177,000 after buying an additional 1,456 shares during the last quarter. Meadow Creek Investment Management LLC increased its holdings in Veeco Instruments by 11.2% in the second quarter. Meadow Creek Investment Management LLC now owns 17,578 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 1,768 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in Veeco Instruments by 7.5% in the second quarter. Aperio Group LLC now owns 18,886 shares of the semiconductor company’s stock valued at $231,000 after buying an additional 1,310 shares during the last quarter. 88.23% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the company. ValuEngine lowered Veeco Instruments from a “sell” rating to a “strong sell” rating in a report on Thursday, October 10th. Zacks Investment Research raised Veeco Instruments from a “sell” rating to a “hold” rating in a report on Saturday, October 12th. BidaskClub lowered Veeco Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Finally, Northland Securities set a $19.00 price objective on Veeco Instruments and gave the company a “buy” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.50.

NASDAQ:VECO opened at $11.97 on Friday. The stock has a 50 day moving average of $11.04 and a 200-day moving average of $11.65. Veeco Instruments Inc. has a 52 week low of $6.27 and a 52 week high of $15.00. The company has a quick ratio of 2.36, a current ratio of 3.29 and a debt-to-equity ratio of 0.71.

Veeco Instruments (NASDAQ:VECO) last posted its earnings results on Monday, August 5th. The semiconductor company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.02). The company had revenue of $97.80 million for the quarter, compared to the consensus estimate of $101.43 million. Veeco Instruments had a negative net margin of 44.39% and a negative return on equity of 5.61%. The firm’s revenue for the quarter was down 38.0% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share. As a group, sell-side analysts anticipate that Veeco Instruments Inc. will post -0.44 earnings per share for the current fiscal year.

Veeco Instruments Profile

Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. It offers metal organic chemical vapor deposition systems; packaging lithography equipment; precision surface processing systems; laser annealing systems; ion beam deposition and etch 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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