Credit Suisse AG increased its stake in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 53.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,734 shares of the semiconductor company’s stock after buying an additional 58,983 shares during the period. Credit Suisse AG owned about 0.25% of Brooks Automation worth $3,802,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Brooks Automation during the fourth quarter valued at about $1,029,000. State Street Corp raised its stake in shares of Brooks Automation by 12.3% in the fourth quarter. State Street Corp now owns 1,508,213 shares of the semiconductor company’s stock valued at $25,750,000 after buying an additional 165,631 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Brooks Automation during the fourth quarter valued at about $2,345,000. Metropolitan Life Insurance Co. NY raised its stake in shares of Brooks Automation by 3.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 47,483 shares of the semiconductor company’s stock valued at $811,000 after buying an additional 1,588 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Brooks Automation during the fourth quarter valued at about $10,381,000. Institutional investors and hedge funds own 91.70% of the company’s stock.
Shares of Brooks Automation, Inc. (NASDAQ:BRKS) traded up 10.40% on Monday, hitting $24.95. 895,740 shares of the company traded hands. The firm’s 50 day moving average price is $24.60 and its 200-day moving average price is $23.28. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 31.23 and a beta of 1.03. Brooks Automation, Inc. has a 1-year low of $12.05 and a 1-year high of $30.23.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $181.72 million during the quarter, compared to the consensus estimate of $177.40 million. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. Brooks Automation’s revenue was up 23.2% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. On average, equities research analysts expect that Brooks Automation, Inc. will post $1.16 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a $0.10 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.77%. Brooks Automation’s dividend payout ratio is presently 50.00%.
Several equities research analysts have issued reports on BRKS shares. B. Riley reiterated a “buy” rating and set a $30.00 target price on shares of Brooks Automation in a research report on Friday, April 28th. Needham & Company LLC lifted their price target on shares of Brooks Automation from $22.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research note on Monday, May 1st. BidaskClub downgraded shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, ValuEngine downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $27.43.
About Brooks Automation
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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