California Public Employees Retirement System boosted its stake in Brooks Automation, Inc. (NASDAQ:BRKS) by 19.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,200 shares of the semiconductor company’s stock after buying an additional 24,400 shares during the period. California Public Employees Retirement System owned approximately 0.21% of Brooks Automation worth $3,320,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Neuburgh Advisers LLC raised its position in shares of Brooks Automation by 29.3% in the first quarter. Neuburgh Advisers LLC now owns 5,100 shares of the semiconductor company’s stock worth $114,000 after buying an additional 1,156 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Brooks Automation during the first quarter worth about $127,000. First Mercantile Trust Co. raised its position in shares of Brooks Automation by 26.2% in the first quarter. First Mercantile Trust Co. now owns 7,065 shares of the semiconductor company’s stock worth $158,000 after buying an additional 1,465 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Brooks Automation during the first quarter worth about $165,000. Finally, State of Alaska Department of Revenue raised its position in shares of Brooks Automation by 3.2% in the first quarter. State of Alaska Department of Revenue now owns 7,670 shares of the semiconductor company’s stock worth $171,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Shares of Brooks Automation, Inc. (BRKS) opened at 25.82 on Friday. The firm has a market capitalization of $1.73 billion, a P/E ratio of 37.91 and a beta of 1.01. The firm has a 50-day moving average of $25.23 and a 200-day moving average of $22.76. Brooks Automation, Inc. has a one year low of $12.05 and a one year high of $30.23.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The firm had revenue of $169.30 million during the quarter, compared to analyst estimates of $167.16 million. Brooks Automation had a return on equity of 8.47% and a net margin of 7.41%. The company’s revenue was up 25.1% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. On average, equities analysts predict that Brooks Automation, Inc. will post $1.10 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 2nd were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 1.55%. Brooks Automation’s payout ratio is 59.70%.

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A number of brokerages recently issued reports on BRKS. ValuEngine lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. B. Riley reiterated a “buy” rating and issued a $32.00 target price on shares of Brooks Automation in a research report on Saturday, June 17th. Finally, Needham & Company LLC increased their target price on shares of Brooks Automation from $22.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price 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.

Institutional Ownership by Quarter for Brooks Automation (NASDAQ:BRKS)

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