Neuberger Berman Amends Veeco Stake, Holds 27,313 Shares
Ticker: VECO · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 103145
| Field | Detail |
|---|---|
| Company | Veeco Instruments Inc (VECO) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 7 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Neuberger Berman still holds 27,313 shares of VECO, showing continued passive interest.**
AI Summary
Neuberger Berman Group LLC, a Delaware-based investment firm, filed an amended Schedule 13G/A on February 12, 2024, disclosing its ownership in Veeco Instruments Inc. As of December 31, 2023, Neuberger Berman reported shared voting power over 27,313 shares of Veeco's common stock. This filing indicates a passive investment, meaning Neuberger Berman does not intend to influence or control Veeco's management or operations. For investors, this shows a significant institutional holder maintaining a position, which can be a sign of confidence in the company's long-term prospects.
Why It Matters
This filing shows a major institutional investor's updated position in Veeco Instruments, providing transparency into significant ownership stakes and potentially signaling confidence in the company.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate risk or significant change in company control.
Analyst Insight
Investors should note that a major institutional investor like Neuberger Berman Group LLC maintains a passive stake in Veeco Instruments Inc. This suggests a long-term, non-activist interest, which can be a positive signal for stability, but doesn't imply any immediate catalysts or changes in company direction.
Key Numbers
- 27,313 — Shared Voting Power Shares (Number of Veeco Instruments Inc. common shares Neuberger Berman Group LLC has shared voting power over as of December 31, 2023.)
- 922417100 — CUSIP Number (Unique identification number for Veeco Instruments Inc. common stock.)
Key Players & Entities
- Neuberger Berman Group LLC (company) — the reporting person and institutional investor
- Veeco Instruments Inc. (company) — the subject company whose securities are being reported
- Delaware (company) — state of incorporation for Neuberger Berman Group LLC
- December 31, 2023 (date) — the date of the event requiring the filing
- 27,313 (dollar_amount) — number of shares with shared voting power
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive investors who own more than 5% of a company's stock but do not intend to influence or control the company. The '/A' indicates it's an amendment to a previously filed statement, updating the ownership information.
Who is the reporting person in this filing?
The reporting person is Neuberger Berman Group LLC, a Delaware-incorporated entity with IRS Number 61-1591182, located at 1290 Avenue of the Americas, New York, NY.
What is the subject company of this filing?
The subject company is VEECO INSTRUMENTS INC, with CIK 0000103145, located at Terminal Drive, Plainview, NY 11803.
How many shares of Veeco Instruments Inc. common stock does Neuberger Berman Group LLC have shared voting power over?
As of December 31, 2023, Neuberger Berman Group LLC has shared voting power over 27,313 shares of Veeco Instruments Inc. common stock, as indicated in item (6) of the cover page.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G/A filed under?
This Schedule 13G/A is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'x' in the appropriate box on the cover page.
Filing Stats: 1,640 words · 7 min read · ~5 pages · Grade level 9.9 · Accepted 2024-02-12 14:08:29
Filing Documents
- formsc13ga-02122024_070225.htm (SC 13G/A) — 52KB
- 0001415889-24-003296.txt ( ) — 54KB
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Neuberger Berman Group LLC and its affiliates may be deemed to be beneficial owners of securities for purposes of Exchange Act Rule 13d-3 because they or certain affiliated persons have shared power to retain, dispose of or vote the securities of unrelated clients. Neuberger Berman Group LLC or its affiliated persons do not, however, have any economic interest in the securities of those clients. The clients have the sole right to receive and the power to direct the receipt of dividends from or proceeds from the sale of such securities. Other than named in this filing, no one client has an interest of more than 5% of the issuer. With regard to the shares set forth under item 4(c)(ii), Neuberger Berman Group LLC may be deemed to be the beneficial owner for purposes of Rule 13d-3 because certain affiliated persons have shared power to retain, dispose of and vote the securities. In addition to the holdings of individual advisory clients, Neuberger Berman Investment Advisers LLC serves as investment manager of Neuberger Berman Group LLC's various registered mutual funds which hold such shares. The holdings belonging to clients of Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC and Neuberger Berman Investment Advisers LLC are also aggregated to comprise the holdings referenced herein. In addition to the shares set forth under Item 4(c)(ii) for which Neuberger entities also have shared power to dispose of the shares, item 4(c)(iv) also includes shares from individual client accounts over which Neuberger Berman Investment Advisers LLC has shared power to dispose but does not have voting power over these shares. The holdings of Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC and Neuberger Berman Investment Advisers LLC, are also aggre
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. N/A
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. N/A
Certification
Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 12, 2024 Neuberger Berman Group LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director Date: February 12, 2024 Neuberger Berman Investment Advisers LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director