Brooks Automation, Inc (NASDAQ:BRKS) fell 5.7% during mid-day trading on Friday . The stock traded as low as $23.85 and last traded at $26.93. 4,967,291 shares were traded during trading, an increase of 371% from the average session volume of 1,054,487 shares. The stock had previously closed at $28.57.

Several brokerages have issued reports on BRKS. Stifel Nicolaus lifted their price target on Brooks Automation from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Brooks Automation in a research note on Friday, October 6th. Janney Montgomery Scott set a $35.00 price target on Brooks Automation and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. B. Riley lifted their price target on Brooks Automation from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Citigroup lifted their price target on Brooks Automation from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.63.

The stock has a market cap of $2,010.00, a P/E ratio of 30.26 and a beta of 0.93.

Brooks Automation (NASDAQ:BRKS) last released its earnings results on Thursday, February 1st. The semiconductor company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. The company had revenue of $189.33 million during the quarter, compared to analyst estimates of $184.48 million. During the same quarter in the previous year, the company posted $0.25 EPS. Brooks Automation’s revenue for the quarter was up 18.4% on a year-over-year basis. sell-side analysts forecast that Brooks Automation, Inc will post 1.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, March 1st. Brooks Automation’s dividend payout ratio (DPR) is presently 44.94%.

In other news, CEO Stephen S. Schwartz sold 27,915 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Lindon G. Robertson sold 13,212 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $29.00, for a total value of $383,148.00. Following the completion of the sale, the chief financial officer now directly owns 158,320 shares of the company’s stock, valued at approximately $4,591,280. The disclosure for this sale can be found here. In the last three months, insiders sold 107,494 shares of company stock valued at $3,114,552. 2.36% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRKS. Riverhead Capital Management LLC raised its position in Brooks Automation by 49.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,897 shares during the last quarter. Teachers Advisors LLC raised its position in Brooks Automation by 21.0% during the 2nd quarter. Teachers Advisors LLC now owns 257,705 shares of the semiconductor company’s stock valued at $5,590,000 after purchasing an additional 44,679 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Brooks Automation by 34.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 396,694 shares of the semiconductor company’s stock valued at $8,604,000 after purchasing an additional 101,078 shares during the last quarter. Amalgamated Bank raised its position in Brooks Automation by 3.4% during the 2nd quarter. Amalgamated Bank now owns 9,526 shares of the semiconductor company’s stock valued at $207,000 after purchasing an additional 313 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Brooks Automation by 29.5% during the 2nd quarter. New York State Common Retirement Fund now owns 88,593 shares of the semiconductor company’s stock valued at $1,922,000 after purchasing an additional 20,192 shares during the last quarter. 89.64% of the stock is owned by institutional investors.

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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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