Veeco Instruments Inc (NASDAQ:VECO) Institutional Investor Positioning

May 17, 2018 - By Hazel Jackson

Veeco Instruments Inc. (NASDAQ:VECO) Logo

Sentiment for Veeco Instruments Inc (NASDAQ:VECO)

Veeco Instruments Inc (NASDAQ:VECO) institutional sentiment is 1.04 in Q4 2017. Its the same as in 2017Q3. The ratio has no change, as only 74 funds started new or increased equity positions, while 71 sold and reduced stock positions in Veeco Instruments Inc. The funds in our partner’s database now hold: 43.70 million shares, down from 46.24 million shares in 2017Q3. Also, the number of funds holding Veeco Instruments Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 28 Reduced: 43 Increased: 47 New Position: 27.

Veeco Instruments Inc., together with its subsidiaries, designs, develops, makes, markets, and supports thin film process equipment to make light emitting diodes , micro-electromechanical systems (MEMS), power electronics, wireless devices, hard disk drives (HDDs), and semiconductor devices worldwide. The company has market cap of $864.28 million. It offers metal organic chemical vapor deposition systems; precision surface processing systems; ion beam etch and deposition systems; molecular beam epitaxy systems; and other deposition and industrial products, as well as support services. It currently has negative earnings. The firm sells its products to LED, MEMS, outsourced semiconductor assembly and test, HDD, and semiconductor manufacturers, as well as research centers and universities.

The stock increased 3.50% or $0.6 during the last trading session, reaching $17.75. About 479,045 shares traded. Veeco Instruments Inc. (NASDAQ:VECO) has declined 42.98% since May 17, 2017 and is downtrending. It has underperformed by 54.53% the S&P500.

Analysts await Veeco Instruments Inc. (NASDAQ:VECO) to report earnings on August, 2. They expect $0.01 EPS, up 114.29 % or $0.08 from last year’s $-0.07 per share. VECO’s profit will be $486,920 for 443.75 P/E if the $0.01 EPS becomes a reality. After $0.10 actual EPS reported by Veeco Instruments Inc. for the previous quarter, Wall Street now forecasts -90.00 % negative EPS growth.

Schneider Capital Management Corp holds 1.86% of its portfolio in Veeco Instruments Inc. for 572,286 shares. River & Mercantile Asset Management Llp owns 543,800 shares or 0.9% of their US portfolio. Moreover, Broadview Advisors Llc has 0.65% invested in the company for 305,850 shares. The New York-based Quentec Asset Management Llc has invested 0.41% in the stock. Frontier Capital Management Co Llc, a Massachusetts-based fund reported 2.61 million shares.

Veeco Instruments Inc. (NASDAQ:VECO) Ratings Coverage

Ratings analysis reveals 100% of Veeco’s analysts are positive. Out of 2 Wall Street analysts rating Veeco, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $2100 while the high is $23.0. The stock’s average target of $22 is 23.94% above today’s ($17.75) share price. VECO was included in 2 notes of analysts from December 8, 2017. The rating was maintained by Benchmark on Friday, December 8 with “Buy”. The rating was initiated by Northland Capital on Thursday, April 19 with “Buy”.

More notable recent Veeco Instruments Inc. (NASDAQ:VECO) news were published by: which released: “Veeco Instruments’ (VECO) CEO John Peeler on Q1 2018 Results – Earnings Call Transcript” on May 08, 2018, also with their article: “Veeco Reports First Quarter 2018 Financial Results” published on May 07, 2018, published: “A Preview Of Veeco’s Q1 Earnings” on April 24, 2018. More interesting news about Veeco Instruments Inc. (NASDAQ:VECO) were released by: and their article: “Analysis: Positioning to Benefit within Zebra Technologies, Deluxe, Veeco Instruments, Wingstop, Superior Industries …” published on April 25, 2018 as well as‘s news article titled: “After-Hours Stock Movers 05/07: (FRED) (VECO) (FN) Higher; (NVRO) (INWK) (HTZ) Lower (more…)” with publication date: May 07, 2018.

Veeco Instruments Inc. (NASDAQ:VECO) Institutional Positions Chart

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