Thrivent Financial For Lutherans Has $810,000 Holdings in Veeco Instruments Inc. (VECO)

Thrivent Financial For Lutherans raised its stake in Veeco Instruments Inc. (NASDAQ:VECO) by 27.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,077 shares of the semiconductor company’s stock after buying an additional 6,177 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.07% of Veeco Instruments worth $810,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VECO. FNY Partners Fund LP purchased a new stake in Veeco Instruments in the 1st quarter valued at $126,000. Nisa Investment Advisors LLC grew its holdings in Veeco Instruments by 2,768.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,737 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 5,537 shares in the last quarter. Bank of Montreal Can grew its holdings in Veeco Instruments by 4.8% in the 2nd quarter. Bank of Montreal Can now owns 5,771 shares of the semiconductor company’s stock valued at $161,000 after buying an additional 265 shares in the last quarter. Capstone Asset Management Co. grew its holdings in Veeco Instruments by 7.1% in the 2nd quarter. Capstone Asset Management Co. now owns 8,367 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 557 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new stake in Veeco Instruments in the 2nd quarter valued at $237,000. Institutional investors own 96.00% of the company’s stock.

Veeco Instruments Inc. (NASDAQ VECO) opened at 20.95 on Tuesday. Veeco Instruments Inc. has a 1-year low of $18.30 and a 1-year high of $34.38. The company’s 50-day moving average price is $20.19 and its 200 day moving average price is $27.15. The firm’s market cap is $1.01 billion.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.03. Veeco Instruments had a negative return on equity of 1.33% and a negative net margin of 23.65%. The firm had revenue of $115.07 million during the quarter, compared to the consensus estimate of $110.87 million. During the same quarter in the previous year, the business earned ($0.19) earnings per share. The firm’s quarterly revenue was up 52.7% compared to the same quarter last year. On average, equities analysts expect that Veeco Instruments Inc. will post $0.46 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. J P Morgan Chase & Co upgraded Veeco Instruments from a “neutral” rating to an “overweight” rating and upped their target price for the company from $35.00 to $39.00 in a report on Tuesday, June 13th. Stifel Nicolaus restated a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Veeco Instruments in a report on Friday, July 21st. BidaskClub cut Veeco Instruments from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Needham & Company LLC lowered their price target on Veeco Instruments from $36.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, August 30th. Finally, KeyCorp lowered their price target on Veeco Instruments from $34.00 to $31.00 and set an “overweight” rating for the company in a report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Veeco Instruments has an average rating of “Hold” and an average target price of $30.89.

COPYRIGHT VIOLATION NOTICE: “Thrivent Financial For Lutherans Has $810,000 Holdings in Veeco Instruments Inc. (VECO)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/thrivent-financial-for-lutherans-has-810000-holdings-in-veeco-instruments-inc-veco.html.

Veeco Instruments Profile

Veeco Instruments Inc is engaged in the design, development, manufacture and support of thin film process equipment, primarily sold to make electronic devices. The Company’s geographical segments include the Uni

A number of other large investors also recently modified their holdings of VECO. FNY Partners Fund LP purchased a new stake in Veeco Instruments in the 1st quarter valued at $126,000. Nisa Investment Advisors LLC grew its holdings in Veeco Instruments by 2,768.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,737 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 5,537 shares in the last quarter. Bank of Montreal Can grew its holdings in Veeco Instruments by 4.8% in the 2nd quarter. Bank of Montreal Can now owns 5,771 shares of the semiconductor company’s stock valued at $161,000 after buying an additional 265 shares in the last quarter. Capstone Asset Management Co. grew its holdings in Veeco Instruments by 7.1% in the 2nd quarter. Capstone Asset Management Co. now owns 8,367 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 557 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new stake in Veeco Instruments in the 2nd quarter valued at $237,000. Institutional investors own 96.00% of the company’s stock.

Veeco Instruments Inc. (NASDAQ VECO) opened at 20.95 on Tuesday. Veeco Instruments Inc. has a 1-year low of $18.30 and a 1-year high of $34.38. The company’s 50-day moving average price is $20.19 and its 200 day moving average price is $27.15. The firm’s market cap is $1.01 billion.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.03. Veeco Instruments had a negative return on equity of 1.33% and a negative net margin of 23.65%. The firm had revenue of $115.07 million during the quarter, compared to the consensus estimate of $110.87 million. During the same quarter in the previous year, the business earned ($0.19) earnings per share. The firm’s quarterly revenue was up 52.7% compared to the same quarter last year. On average, equities analysts expect that Veeco Instruments Inc. will post $0.46 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. J P Morgan Chase & Co upgraded Veeco Instruments from a “neutral” rating to an “overweight” rating and upped their target price for the company from $35.00 to $39.00 in a report on Tuesday, June 13th. Stifel Nicolaus restated a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Veeco Instruments in a report on Friday, July 21st. BidaskClub cut Veeco Instruments from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Needham & Company LLC lowered their price target on Veeco Instruments from $36.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, August 30th. Finally, KeyCorp lowered their price target on Veeco Instruments from $34.00 to $31.00 and set an “overweight” rating for the company in a report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Veeco Instruments has an average rating of “Hold” and an average target price of $30.89.

COPYRIGHT VIOLATION NOTICE: “Thrivent Financial For Lutherans Has $810,000 Holdings in Veeco Instruments Inc. (VECO)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/thrivent-financial-for-lutherans-has-810000-holdings-in-veeco-instruments-inc-veco.html.

Veeco Instruments Profile

Veeco Instruments Inc is engaged in the design, development, manufacture and support of thin film process equipment, primarily sold to make electronic devices. The Company’s geographical segments include the United States; China; Europe, Middle East and Africa (EMEA), and Rest of World (ROW). The Company’s portfolio of technology solutions focus on market areas, including Lighting, Display & Power Electronics; Advanced Packaging, micro-electromechanical systems (MEMS) & radio frequency (RF); Scientific & Industrial, and Data Storage.

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

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