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 $799.40 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.
Palisade Capital Management Llc increased Cedar Fair LP (FUN) stake by 21.66% reported in 2017Q2 SEC filing. Palisade Capital Management Llc acquired 11,365 shares as Cedar Fair LP (FUN)’s stock rose 6.08%. The Palisade Capital Management Llc holds 63,845 shares with $4.60 million value, up from 52,480 last quarter. Cedar Fair LP now has $3.79 billion valuation. The stock increased 0.34% or $0.23 during the last trading session, reaching $67.44. About 60,185 shares traded. Cedar Fair, L.P. (NYSE:FUN) has risen 22.21% since November 30, 2016 and is uptrending. It has outperformed by 5.51% the S&P500.
Investors sentiment increased to 1.09 in Q2 2017. Its up 0.15, from 0.94 in 2017Q1. It improved, as 22 investors sold FUN shares while 47 reduced holdings. 19 funds opened positions while 56 raised stakes. 28.12 million shares or 0.17% less from 28.16 million shares in 2017Q1 were reported. Amg Funds Ltd Liability Corp holds 27,984 shares. Badgley Phelps And Bell reported 3,213 shares. Fiduciary Tru Communication holds 9,000 shares or 0.02% of its portfolio. North Star Inv Management Corp reported 0% stake. Bb&T Lc has invested 0.01% in Cedar Fair, L.P. (NYSE:FUN). National Bank Of America De, North Carolina-based fund reported 229,954 shares. 2.92 million were reported by Cap Research Investors. 175,777 were reported by Stifel Financial. Boston Advsrs Ltd accumulated 17,508 shares. Jpmorgan Chase Company has 0% invested in Cedar Fair, L.P. (NYSE:FUN) for 111,370 shares. First Republic Mngmt reported 0% in Cedar Fair, L.P. (NYSE:FUN). American Century invested 0.01% in Cedar Fair, L.P. (NYSE:FUN). Pioneer Invest Management Inc reported 728,820 shares. Hightower Advsr Lc stated it has 0% of its portfolio in Cedar Fair, L.P. (NYSE:FUN). Cap Advsrs Limited Liability has 3,084 shares for 0.08% of their portfolio.
Since June 15, 2017, it had 0 insider purchases, and 1 sale for $146,220 activity. Hoffman David R. sold 2,062 shares worth $146,220.
Palisade Capital Management Llc decreased Spdr S&P 500 Etf Tr (SPY) stake by 4,500 shares to 1,000 valued at $242,000 in 2017Q2. It also reduced Nvidia Corp (Prn) stake by 450,000 shares and now owns 425,000 shares. Apple Inc (NASDAQ:AAPL) was reduced too.
Among 10 analysts covering Cedar Fair (NYSE:FUN), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Cedar Fair has $81 highest and $60 lowest target. $72.38’s average target is 7.33% above currents $67.44 stock price. Cedar Fair had 21 analyst reports since August 24, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, November 2. The company was upgraded on Monday, June 19 by Goldman Sachs. The company was maintained on Thursday, September 7 by Stifel Nicolaus. Goldman Sachs initiated the stock with “Buy” rating in Thursday, April 6 report. The stock of Cedar Fair, L.P. (NYSE:FUN) has “Outperform” rating given on Friday, July 8 by Macquarie Research. The rating was initiated by Stifel Nicolaus with “Buy” on Friday, April 21. The stock has “Equal-Weight” rating by Stephens on Tuesday, April 19. On Monday, October 23 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The rating was maintained by FBR Capital on Thursday, February 18 with “Outperform”. As per Wednesday, December 9, the company rating was initiated by Macquarie Research.
The stock decreased 1.19% or $0.2 during the last trading session, reaching $16.55. About 549,274 shares traded. Veeco Instruments Inc. (VECO) has risen 94.55% since November 30, 2016 and is uptrending. It has outperformed by 77.85% the S&P500.
Analysts await Veeco Instruments Inc. (NASDAQ:VECO) to report earnings on February, 15. After $-0.04 actual earnings per share reported by Veeco Instruments Inc. for the previous quarter, Wall Street now forecasts -50.00% EPS growth.
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