Arizona State Retirement System Acquires 586 Shares of Veeco Instruments Inc. (NASDAQ:VECO)

Arizona State Retirement System boosted its holdings in shares of Veeco Instruments Inc. (NASDAQ:VECO – Get Rating) by 4.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,511 shares of the semiconductor company’s stock after purchasing an additional 586 shares during the quarter. Arizona State Retirement System’s holdings in Veeco Instruments were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Legal & General Group Plc raised its position in shares of Veeco Instruments by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 122,585 shares of the semiconductor company’s stock worth $2,378,000 after acquiring an additional 841 shares in the last quarter. White Pine Capital LLC grew its stake in shares of Veeco Instruments by 4.3% in the 3rd quarter. White Pine Capital LLC now owns 20,805 shares of the semiconductor company’s stock valued at $381,000 after buying an additional 865 shares during the period. Captrust Financial Advisors grew its stake in shares of Veeco Instruments by 125.0% in the 1st quarter. Captrust Financial Advisors now owns 2,115 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 1,175 shares during the period. Credit Suisse AG grew its stake in shares of Veeco Instruments by 3.2% in the 3rd quarter. Credit Suisse AG now owns 41,992 shares of the semiconductor company’s stock valued at $768,000 after buying an additional 1,287 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Veeco Instruments by 2.2% in the 3rd quarter. Alliancebernstein L.P. now owns 59,900 shares of the semiconductor company’s stock valued at $1,097,000 after buying an additional 1,313 shares during the period.

Analyst Ratings Changes

Several analysts have recently commented on the company. Benchmark raised their target price on Veeco Instruments from $26.00 to $28.00 in a research note on Tuesday, May 9th. Northland Securities lifted their target price on shares of Veeco Instruments from $30.00 to $32.00 in a research report on Tuesday, May 9th. Finally, StockNews.com assumed coverage on shares of Veeco Instruments in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.60.

Veeco Instruments Stock Down 1.2 %

VECO opened at $22.74 on Wednesday. Veeco Instruments Inc. has a one year low of $16.11 and a one year high of $23.92. The company has a fifty day moving average price of $20.18 and a 200-day moving average price of $19.99. The firm has a market capitalization of $1.18 billion, a P/E ratio of 8.68 and a beta of 1.27. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.41 and a quick ratio of 1.56.

Veeco Instruments Company Profile

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Veeco Instruments, Inc engages in the development, manufacture, sale and support of semiconductor process equipment. Its technologies consists of metal organic chemical vapor deposition, advanced packaging lithography, wet etch and clean, laser annealing, ion beam, molecular beam epitaxy, wafer inspection, and atomic layer deposition systems.