Veeco Instruments Inc. (VECO) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lessened its position in Veeco Instruments Inc. (NASDAQ:VECO) by 40.6% in the 4th quarter, HoldingsChannel reports. The fund owned 108,082 shares of the semiconductor company’s stock after selling 73,752 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Veeco Instruments were worth $1,605,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Ameritas Investment Partners Inc. lifted its position in shares of Veeco Instruments by 32.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,143 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 1,026 shares in the last quarter. Nationwide Fund Advisors lifted its position in shares of Veeco Instruments by 16.1% in the 2nd quarter. Nationwide Fund Advisors now owns 30,766 shares of the semiconductor company’s stock valued at $857,000 after acquiring an additional 4,269 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Veeco Instruments by 6.8% in the 2nd quarter. California State Teachers Retirement System now owns 83,597 shares of the semiconductor company’s stock valued at $2,328,000 after acquiring an additional 5,308 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Veeco Instruments by 18.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,192 shares of the semiconductor company’s stock valued at $1,008,000 after acquiring an additional 5,670 shares in the last quarter. Finally, Aperio Group LLC lifted its position in Veeco Instruments by 64.2% in the 4th quarter. Aperio Group LLC now owns 16,712 shares of the semiconductor company’s stock worth $248,000 after buying an additional 6,533 shares in the last quarter. Institutional investors and hedge funds own 98.36% of the company’s stock.

In other Veeco Instruments news, CFO Shubham Maheshwari purchased 7,500 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were bought at an average price of $13.74 per share, for a total transaction of $103,050.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John R. Peeler purchased 36,200 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average price of $13.81 per share, for a total transaction of $499,922.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 63,700 shares of company stock worth $877,472. 2.90% of the stock is currently owned by company insiders.

A number of research firms have issued reports on VECO. Zacks Investment Research upgraded shares of Veeco Instruments from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub downgraded shares of Veeco Instruments from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 7th. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of Veeco Instruments in a research report on Friday, November 3rd. Finally, Benchmark reiterated a “buy” rating and issued a $23.00 target price on shares of Veeco Instruments in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.67.

Shares of Veeco Instruments Inc. (NASDAQ:VECO) opened at $18.55 on Friday. Veeco Instruments Inc. has a 12-month low of $10.85 and a 12-month high of $34.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.67 and a quick ratio of 2.13. The stock has a market cap of $896.00, a P/E ratio of -18.74 and a beta of 0.78.

Veeco Instruments (NASDAQ:VECO) last released its earnings results on Monday, February 12th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. Veeco Instruments had a negative net margin of 9.24% and a negative return on equity of 0.12%. The company had revenue of $143.40 million during the quarter, compared to the consensus estimate of $143.85 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The company’s revenue was up 53.2% compared to the same quarter last year. equities analysts expect that Veeco Instruments Inc. will post 0.3 earnings per share for the current year.

Veeco Instruments declared that its Board of Directors has approved a stock buyback program on Monday, December 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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About Veeco Instruments

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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