16,006 Shares in Veeco Instruments Inc. (VECO) Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake in Veeco Instruments Inc. (NASDAQ:VECO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,006 shares of the semiconductor company’s stock, valued at approximately $446,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PDT Partners LLC lifted its stake in shares of Veeco Instruments by 672.6% in the 2nd quarter. PDT Partners LLC now owns 153,500 shares of the semiconductor company’s stock valued at $4,275,000 after purchasing an additional 133,631 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Veeco Instruments in the 2nd quarter valued at about $202,000. Hillsdale Investment Management Inc. acquired a new position in shares of Veeco Instruments in the 2nd quarter valued at about $855,000. Dimensional Fund Advisors LP lifted its stake in shares of Veeco Instruments by 15.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,860,280 shares of the semiconductor company’s stock valued at $79,659,000 after purchasing an additional 381,884 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of Veeco Instruments by 15.5% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 12,702 shares of the semiconductor company’s stock valued at $354,000 after purchasing an additional 1,702 shares in the last quarter. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of Veeco Instruments Inc. (NASDAQ VECO) opened at 21.05 on Thursday. The firm’s 50-day moving average price is $20.30 and its 200 day moving average price is $27.05. The stock’s market capitalization is $1.02 billion. Veeco Instruments Inc. has a 12-month low of $18.30 and a 12-month high of $34.38.

Veeco Instruments (NASDAQ:VECO) last announced its earnings results on Thursday, August 3rd. The semiconductor company reported ($0.07) earnings per share for the quarter, beating the 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 prior year, the company earned ($0.19) EPS. The firm’s revenue for the quarter was up 52.7% compared to the same quarter last year. Analysts predict that Veeco Instruments Inc. will post $0.46 EPS for the current fiscal year.

WARNING: “16,006 Shares in Veeco Instruments Inc. (VECO) Acquired by Tudor Investment Corp ET AL” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/12/16006-shares-in-veeco-instruments-inc-veco-acquired-by-tudor-investment-corp-et-al.html.

Several equities analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $38.00 price objective (up from $36.00) on shares of Veeco Instruments in a research note on Friday, July 21st. Needham & Company LLC reduced their price objective on Veeco Instruments from $36.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, August 30th. BidaskClub lowered Veeco Instruments from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered Veeco Instruments from a “hold” rating to a “sell” rating in a research note on Saturday, July 22nd. Finally, KeyCorp reduced their price objective on Veeco Instruments from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Friday, August 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.89.

Veeco Instruments Company Profile

Veeco Instrume

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PDT Partners LLC lifted its stake in shares of Veeco Instruments by 672.6% in the 2nd quarter. PDT Partners LLC now owns 153,500 shares of the semiconductor company’s stock valued at $4,275,000 after purchasing an additional 133,631 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Veeco Instruments in the 2nd quarter valued at about $202,000. Hillsdale Investment Management Inc. acquired a new position in shares of Veeco Instruments in the 2nd quarter valued at about $855,000. Dimensional Fund Advisors LP lifted its stake in shares of Veeco Instruments by 15.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,860,280 shares of the semiconductor company’s stock valued at $79,659,000 after purchasing an additional 381,884 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of Veeco Instruments by 15.5% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 12,702 shares of the semiconductor company’s stock valued at $354,000 after purchasing an additional 1,702 shares in the last quarter. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of Veeco Instruments Inc. (NASDAQ VECO) opened at 21.05 on Thursday. The firm’s 50-day moving average price is $20.30 and its 200 day moving average price is $27.05. The stock’s market capitalization is $1.02 billion. Veeco Instruments Inc. has a 12-month low of $18.30 and a 12-month high of $34.38.

Veeco Instruments (NASDAQ:VECO) last announced its earnings results on Thursday, August 3rd. The semiconductor company reported ($0.07) earnings per share for the quarter, beating the 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 prior year, the company earned ($0.19) EPS. The firm’s revenue for the quarter was up 52.7% compared to the same quarter last year. Analysts predict that Veeco Instruments Inc. will post $0.46 EPS for the current fiscal year.

WARNING: “16,006 Shares in Veeco Instruments Inc. (VECO) Acquired by Tudor Investment Corp ET AL” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/12/16006-shares-in-veeco-instruments-inc-veco-acquired-by-tudor-investment-corp-et-al.html.

Several equities analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $38.00 price objective (up from $36.00) on shares of Veeco Instruments in a research note on Friday, July 21st. Needham & Company LLC reduced their price objective on Veeco Instruments from $36.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, August 30th. BidaskClub lowered Veeco Instruments from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered Veeco Instruments from a “hold” rating to a “sell” rating in a research note on Saturday, July 22nd. Finally, KeyCorp reduced their price objective on Veeco Instruments from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Friday, August 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.89.

Veeco Instruments Company 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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