EPS for Veeco Instruments Inc. (VECO) Expected At $-0.03; Clough Capital Partners LP Has Boosted By $9.12 Million Its Wayfair (W) Holding

April 21, 2018 - By Ruchi Gupta

Veeco Instruments Inc. (NASDAQ:VECO) Logo

Analysts expect Veeco Instruments Inc. (NASDAQ:VECO) to report $-0.03 EPS on May, 7 after the close.They anticipate $0.02 EPS change or 200.00% from last quarter’s $-0.01 EPS. After having $0.10 EPS previously, Veeco Instruments Inc.’s analysts see -130.00% EPS growth. The stock increased 1.48% or $0.25 during the last trading session, reaching $17.15. About 374,583 shares traded. Veeco Instruments Inc. (NASDAQ:VECO) has declined 42.98% since April 21, 2017 and is downtrending. It has underperformed by 54.53% the S&P500.

Clough Capital Partners LP increased Wayfair Inc (W) stake by 3352.94% reported in 2017Q4 SEC filing. Clough Capital Partners LP acquired 114,000 shares as Wayfair Inc (W)’s stock declined 16.33%. The Clough Capital Partners LP holds 117,400 shares with $9.42M value, up from 3,400 last quarter. Wayfair Inc now has $6.21 billion valuation. The stock increased 1.14% or $0.79 during the last trading session, reaching $69.91. About 2.22 million shares traded or 12.52% up from the average. Wayfair Inc. (NYSE:W) has risen 69.10% since April 21, 2017 and is uptrending. It has outperformed by 57.55% the S&P500.

Investors sentiment is 1.04 in Q4 2017. Its the same as in 2017Q3. It is the same, as 28 investors sold Veeco Instruments Inc. shares while 43 reduced holdings. only 27 funds opened positions while 47 raised stakes. 43.70 million shares or 5.49% less from 46.24 million shares in 2017Q3 were reported. Swiss Bancorp holds 0% of its portfolio in Veeco Instruments Inc. (NASDAQ:VECO) for 80,821 shares. Raymond James And reported 0% stake. Moreover, Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv has 0% invested in Veeco Instruments Inc. (NASDAQ:VECO). Mason Street Advisors Lc accumulated 0% or 12,563 shares. Voya Management Ltd Liability Corporation reported 0% stake. Scout reported 131,925 shares stake. Quentec Asset Mgmt Ltd Liability Co holds 175,210 shares. 1,050 were accumulated by Prelude Lc. Moreover, Guggenheim Cap Limited Liability Co has 0% invested in Veeco Instruments Inc. (NASDAQ:VECO) for 84,636 shares. Thrivent Fincl For Lutherans accumulated 30,243 shares. American Int Gp, a New York-based fund reported 37,657 shares. Invesco Limited reported 0% in Veeco Instruments Inc. (NASDAQ:VECO). Eagle Asset Management Inc holds 2.32M shares or 0.19% of its portfolio. Ontario – Canada-based Royal Commercial Bank Of Canada has invested 0% in Veeco Instruments Inc. (NASDAQ:VECO). Cap stated it has 0% in Veeco Instruments Inc. (NASDAQ:VECO).

Among 14 analysts covering Veeco Instruments (NASDAQ:VECO), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Veeco Instruments had 32 analyst reports since August 5, 2015 according to SRatingsIntel. UBS maintained the stock with “Buy” rating in Thursday, October 6 report. The company was initiated on Friday, May 13 by Pacific Crest. The firm has “Overweight” rating by JP Morgan given on Tuesday, June 13. The stock of Veeco Instruments Inc. (NASDAQ:VECO) earned “Buy” rating by Deutsche Bank on Tuesday, August 2. The stock of Veeco Instruments Inc. (NASDAQ:VECO) has “Hold” rating given on Thursday, August 3 by Oppenheimer. On Friday, December 8 the stock rating was maintained by Benchmark with “Buy”. The rating was initiated by Northland Capital with “Buy” on Thursday, April 19. As per Friday, August 18, the company rating was maintained by KeyBanc Capital Markets. On Thursday, October 29 the stock rating was maintained by Benchmark with “Buy”. The firm earned “Hold” rating on Friday, December 11 by Summit Research.

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 $825.36 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.

Clough Capital Partners LP decreased Align Technology Inc (NASDAQ:ALGN) stake by 59,420 shares to 40,745 valued at $9.05 million in 2017Q4. It also reduced Baozun Inc stake by 20,100 shares and now owns 170,800 shares. Ares Cap Corp (NASDAQ:ARCC) was reduced too.

Among 32 analysts covering Wayfair LLC (NYSE:W), 15 have Buy rating, 2 Sell and 15 Hold. Therefore 47% are positive. Wayfair LLC had 90 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, May 10 by Maxim Group. The rating was maintained by Oppenheimer on Wednesday, October 18 with “Buy”. On Thursday, February 25 the stock rating was maintained by Piper Jaffray with “Overweight”. The firm has “Neutral” rating given on Thursday, January 7 by Robert W. Baird. The firm has “Accumulate” rating by Gordon Haskett given on Tuesday, June 27. The stock of Wayfair Inc. (NYSE:W) earned “Buy” rating by Oppenheimer on Friday, August 4. The rating was downgraded by Bank of America on Wednesday, August 10 to “Neutral”. Maxim Group maintained it with “Buy” rating and $45 target in Wednesday, November 9 report. The stock of Wayfair Inc. (NYSE:W) has “Mkt Perform” rating given on Friday, February 24 by Raymond James. Zacks upgraded Wayfair Inc. (NYSE:W) rating on Wednesday, August 19. Zacks has “Hold” rating and $51 target.

Since October 23, 2017, it had 1 insider buy, and 75 sales for $12.64 million activity. Another trade for 515 shares valued at $38,980 was made by FLEISHER MICHAEL D on Friday, December 15. Macri Edmond also sold $385,790 worth of Wayfair Inc. (NYSE:W) shares. Mulliken John Champlin had sold 1,372 shares worth $91,855. 300 shares valued at $20,616 were sold by Oblak Steve on Monday, March 26. Conine Steven had sold 2,000 shares worth $187,540 on Monday, January 29. Savarese James sold $351,668 worth of Wayfair Inc. (NYSE:W) on Friday, December 15. Shah Niraj had sold 1,213 shares worth $92,613 on Friday, December 15.

Investors sentiment decreased to 1.23 in 2017 Q4. Its down 0.40, from 1.63 in 2017Q3. It worsened, as 41 investors sold W shares while 50 reduced holdings. 48 funds opened positions while 64 raised stakes. 61.87 million shares or 6.68% more from 58.00 million shares in 2017Q3 were reported. State Of New Jersey Common Pension Fund D holds 0.02% or 64,500 shares. Zevenbergen Capital Invs Limited Co, a Washington-based fund reported 624,605 shares. Northeast Invest Management holds 0.12% or 18,076 shares in its portfolio. Harbourvest Prtn Ltd invested in 959,571 shares. The Pennsylvania-based Brandywine Mgmt Ltd Liability Com has invested 0.12% in Wayfair Inc. (NYSE:W). Goodnow Inv Group Ltd Liability Co reported 282,769 shares or 4.16% of all its holdings. Raymond James Services owns 7,849 shares or 0% of their US portfolio. Baillie Gifford And holds 2.04 million shares or 0.2% of its portfolio. Guggenheim Llc stated it has 9,629 shares. Utah Retirement Systems invested in 7,117 shares. Timessquare Mgmt Ltd Llc reported 320,000 shares. Paloma Ptnrs has invested 0.01% in Wayfair Inc. (NYSE:W). Rosenblum Silverman Sutton S F Ca has invested 0.46% in Wayfair Inc. (NYSE:W). Global X Ltd Llc invested in 1,124 shares or 0% of the stock. Loring Wolcott Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma reported 0% stake.

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

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