North Star Investment Management Corp. continued to hold its stake in shares of Brooks Automation, Inc. (NASDAQ:BRKS) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 50,000 shares of the semiconductor company’s stock at the end of the second quarter. North Star Investment Management Corp. owned 0.07% of Brooks Automation worth $1,084,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Brooks Automation by 49,535.5% in the first quarter. BlackRock Inc. now owns 8,670,335 shares of the semiconductor company’s stock worth $194,215,000 after buying an additional 8,652,867 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Brooks Automation by 146.4% in the first quarter. Ameriprise Financial Inc. now owns 1,794,660 shares of the semiconductor company’s stock worth $40,200,000 after buying an additional 1,066,297 shares in the last quarter. Norges Bank purchased a new stake in shares of Brooks Automation during the fourth quarter worth about $10,381,000. Bogle Investment Management L P DE purchased a new stake in shares of Brooks Automation during the first quarter worth about $7,222,000. Finally, Vanguard Group Inc. increased its stake in shares of Brooks Automation by 4.4% in the first quarter. Vanguard Group Inc. now owns 6,282,912 shares of the semiconductor company’s stock worth $140,738,000 after buying an additional 262,325 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.
Brooks Automation, Inc. (NASDAQ BRKS) traded up 1.5018% during mid-day trading on Wednesday, reaching $25.4262. 69,112 shares of the company traded hands. Brooks Automation, Inc. has a 52-week low of $12.05 and a 52-week high of $30.23. The stock has a market capitalization of $1.70 billion, a PE ratio of 37.3366 and a beta of 1.01. The stock has a 50-day moving average of $25.33 and a 200 day moving average of $22.71.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The company had revenue of $169.30 million for the quarter, compared to the consensus estimate of $167.16 million. Brooks Automation had a net margin of 7.41% and a return on equity of 8.47%. Brooks Automation’s revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. Equities research analysts expect that Brooks Automation, Inc. will post $1.10 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 2nd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Wednesday, May 31st. Brooks Automation’s dividend payout ratio is currently 59.70%.
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BRKS has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, April 4th. BidaskClub downgraded shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Needham & Company LLC raised their price target on shares of Brooks Automation from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, April 28th. B. Riley restated a “buy” rating and set a $32.00 price target on shares of Brooks Automation in a report on Saturday, June 17th. Finally, ValuEngine downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.14.
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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