Sigma Planning Corp bought a new position in shares of Brooks Automation, Inc. (NASDAQ:BRKS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the semiconductor company’s stock, valued at approximately $304,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Rhumbline Advisers increased its holdings in Brooks Automation by 2.5% during the 3rd quarter. Rhumbline Advisers now owns 140,619 shares of the semiconductor company’s stock worth $4,269,000 after acquiring an additional 3,475 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Brooks Automation during the 3rd quarter worth approximately $373,000. Municipal Employees Retirement System of Michigan increased its holdings in Brooks Automation by 59.2% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 26,130 shares of the semiconductor company’s stock worth $793,000 after acquiring an additional 9,720 shares during the period. New York State Common Retirement Fund increased its holdings in Brooks Automation by 47.4% during the 3rd quarter. New York State Common Retirement Fund now owns 130,611 shares of the semiconductor company’s stock worth $3,965,000 after acquiring an additional 42,018 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in Brooks Automation by 50.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 36,517 shares of the semiconductor company’s stock worth $1,109,000 after acquiring an additional 12,205 shares during the period. 90.56% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently weighed in on BRKS shares. BidaskClub lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Citigroup Inc. upped their target price on shares of Brooks Automation from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, November 10th. ValuEngine lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Credit Suisse Group reaffirmed a “hold” rating and set a $26.00 target price on shares of Brooks Automation in a report on Thursday, August 3rd. Finally, Needham & Company LLC lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Monday, September 18th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.57.
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Shares of Brooks Automation, Inc. (NASDAQ:BRKS) traded up $1.50 during trading hours on Friday, hitting $27.33. 1,718,900 shares of the stock were exchanged, compared to its average volume of 677,598. The company has a market cap of $1,930.00, a price-to-earnings ratio of 23.48 and a beta of 1.06. Brooks Automation, Inc. has a 1 year low of $15.34 and a 1 year high of $34.77.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.06. The firm had revenue of $181.88 million for the quarter, compared to analyst estimates of $174.66 million. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. analysts anticipate that Brooks Automation, Inc. will post 1.33 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Thursday, November 30th. Brooks Automation’s payout ratio is 44.94%.
In other news, CEO Stephen S. Schwartz sold 27,915 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $28.55, for a total value of $796,973.25. Following the completion of the sale, the chief executive officer now owns 661,852 shares of the company’s stock, valued at approximately $18,895,874.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Jarzynka sold 2,476 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $33.80, for a total transaction of $83,688.80. The disclosure for this sale can be found here. Insiders sold a total of 66,258 shares of company stock worth $1,995,532 in the last three months. Insiders own 2.24% of the company’s stock.
Brooks Automation 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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