Edmond DE Rothschild Holding S.A. Has $373,000 Holdings in Veeco Instruments Inc. (VECO)

Edmond DE Rothschild Holding S.A. held its stake in shares of Veeco Instruments Inc. (NASDAQ:VECO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,400 shares of the semiconductor company’s stock at the close of the 2nd quarter. Edmond DE Rothschild Holding S.A.’s holdings in Veeco Instruments were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Veeco Instruments by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 3,613,016 shares of the semiconductor company’s stock valued at $107,848,000 after purchasing an additional 179,949 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in Veeco Instruments by 24.2% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,601,473 shares of the semiconductor company’s stock worth $72,451,000 after acquiring an additional 506,595 shares during the last quarter. Eagle Asset Management Inc. raised its stake in Veeco Instruments by 0.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 2,480,198 shares of the semiconductor company’s stock worth $69,073,000 after acquiring an additional 18,713 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Veeco Instruments by 11.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,478,396 shares of the semiconductor company’s stock worth $73,980,000 after acquiring an additional 259,648 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Veeco Instruments by 0.8% in the 1st quarter. Neuberger Berman Group LLC now owns 1,212,761 shares of the semiconductor company’s stock worth $36,201,000 after acquiring an additional 9,959 shares during the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

Shares of Veeco Instruments Inc. (NASDAQ VECO) opened at 21.15 on Wednesday. Veeco Instruments Inc. has a 12 month low of $18.30 and a 12 month high of $34.38. The firm’s 50-day moving average price is $20.83 and its 200 day moving average price is $27.97. The firm’s market capitalization is $1.02 billion.

Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. Veeco Instruments had a negative net margin of 23.65% and a negative return on equity of 1.33%. The firm had revenue of $115.07 million during the quarter, compared to analysts’ expectations of $110.87 million. During the same period in the previous year, the company earned ($0.19) earnings per share. Veeco Instruments’s quarterly revenue was up 52.7% compared to the same quarter last year. Analysts anticipate that Veeco Instruments Inc. will post $0.47 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the company. ValuEngine lowered Veeco Instruments from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Needham & Company LLC reduced their target price on Veeco Instruments from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, August 30th. Deutsche Bank AG set a $21.00 target price on Veeco Instruments and gave the stock a “hold” rating in a research note on Wednesday, August 30th. KeyCorp reduced their target price on Veeco Instruments from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Friday, August 18th. Finally, BidaskClub lowered Veeco Instruments from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.70.

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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.

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

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