Fri Nov 29 22:59:06 UTC 2024: ## Increased Institutional Investor Interest in Veeco Instruments (VECO)

**Sioux Falls, SD – November 14, 2024** – Veeco Instruments Inc. (NASDAQ: VECO), a semiconductor equipment manufacturer, saw increased investment from several institutional investors in recent quarters, according to recent SEC filings. This activity comes as the company exceeded analysts’ expectations in its most recent earnings report.

Mirabella Financial Services LLP notably acquired a new position in VECO, purchasing 115,074 shares valued at approximately $3.7 million during the third quarter. This represents roughly 0.20% of the company. Other firms also adjusted their holdings, including increases from EFG Asset Management North America Corp., US Bancorp DE, Louisiana State Employees Retirement System, KBC Group NV, and Signaturefd LLC. Institutional investors now own 98.46% of VECO’s stock.

VECO’s stock price rose $0.57 to $27.97 on Monday, exceeding analysts’ consensus EPS estimate of $0.45 by $0.01, reporting $0.46 EPS for the quarter. Revenue also beat expectations at $184.80 million compared to the projected $180.57 million. However, the stock’s performance has been mixed, currently trading below its 50-day and 200-day moving averages.

Analyst sentiment is divided, with some expressing bullish views. Needham & Company LLC maintains a “buy” rating with a $55 price target, while others, including Goldman Sachs and Oppenheimer, have lowered their price targets. StockNews.com upgraded its rating from “sell” to “hold.” MarketBeat.com reports a “Moderate Buy” consensus rating with a $42.14 average price target.

In separate news, CFO John P. Kiernan sold 2,500 shares of VECO stock on November 11th, representing a 3.03% decrease in his holdings. This followed insider sales of 7,500 shares over the past three months.

Despite the mixed signals, the increased institutional investment suggests confidence in Veeco Instruments’ future prospects within the semiconductor industry.

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