C M Bidwell & Associates Ltd. decreased its position in Brooks Automation, Inc. (NASDAQ:BRKS) by 37.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,035 shares of the semiconductor company’s stock after selling 7,170 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in Brooks Automation were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new position in Brooks Automation in the 2nd quarter worth approximately $1,376,000. Fox Run Management L.L.C. purchased a new position in Brooks Automation in the 2nd quarter worth approximately $1,421,000. Ameritas Investment Partners Inc. purchased a new position in Brooks Automation in the 1st quarter worth approximately $127,000. California Public Employees Retirement System increased its stake in shares of Brooks Automation by 19.7% during the first quarter. California Public Employees Retirement System now owns 148,200 shares of the semiconductor company’s stock valued at $3,320,000 after buying an additional 24,400 shares during the period. Finally, Caxton Associates LP purchased a new position in shares of Brooks Automation during the first quarter valued at approximately $332,000. Institutional investors own 90.39% of the company’s stock.
Several equities research analysts recently weighed in on the company. Janney Montgomery Scott upped their price target on Brooks Automation from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, September 14th. BidaskClub cut Brooks Automation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Credit Suisse Group reaffirmed a “hold” rating and issued a $26.00 price target on shares of Brooks Automation in a research note on Thursday, August 3rd. Stifel Nicolaus raised Brooks Automation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $22.00 to $32.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Finally, Needham & Company LLC reissued a “hold” rating on shares of Brooks Automation in a report on Friday, October 6th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $29.57.
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Brooks Automation, Inc. (NASDAQ BRKS) traded down 1.11% on Wednesday, reaching $32.03. The company’s stock had a trading volume of 190,064 shares. The firm’s 50 day moving average price is $28.49 and its 200-day moving average price is $25.86. Brooks Automation, Inc. has a 1-year low of $12.71 and a 1-year high of $32.69. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 40.09 and a beta of 1.10.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. The company had revenue of $181.72 million for the quarter, compared to analyst estimates of $177.40 million. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 earnings per share. Equities analysts forecast that Brooks Automation, Inc. will post $1.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, September 7th. This represents a $0.40 annualized dividend and a dividend yield of 1.23%. Brooks Automation’s dividend payout ratio (DPR) is 50.00%.
Brooks Automation Company Profile
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through two segments: Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum and contamination controls solutions and services.
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