C M Bidwell & Associates Ltd. trimmed its holdings in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 37.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,035 shares of the semiconductor company’s stock after selling 7,170 shares during the period. C M Bidwell & Associates Ltd.’s holdings in Brooks Automation were worth $261,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its holdings in shares of Brooks Automation by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 28,400 shares of the semiconductor company’s stock valued at $616,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Brooks Automation by 0.3% during the second quarter. Arizona State Retirement System now owns 36,293 shares of the semiconductor company’s stock valued at $787,000 after purchasing an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Brooks Automation by 1.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 15,770 shares of the semiconductor company’s stock valued at $353,000 after purchasing an additional 230 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Brooks Automation by 3.4% during the second 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, Texas Permanent School Fund lifted its holdings in shares of Brooks Automation by 1.0% during the second quarter. Texas Permanent School Fund now owns 50,847 shares of the semiconductor company’s stock valued at $1,103,000 after purchasing an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

BRKS has been the subject of several recent research reports. ValuEngine lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub lowered shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. B. Riley reiterated a “buy” rating and set a $32.00 target price on shares of Brooks Automation in a report on Monday, June 12th. Credit Suisse Group reiterated 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. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $29.57.

Shares of Brooks Automation, Inc. (NASDAQ:BRKS) traded up 0.77% during midday trading on Monday, hitting $30.27. 139,403 shares of the company traded hands. Brooks Automation, Inc. has a 52 week low of $12.71 and a 52 week high of $31.75. The company has a 50-day moving average price of $27.57 and a 200-day moving average price of $25.45. The stock has a market capitalization of $2.04 billion, a P/E ratio of 37.88 and a beta of 1.10.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. The firm had revenue of $181.72 million during the quarter, compared to analysts’ expectations of $177.40 million. During the same quarter in the prior year, the company earned $0.16 EPS. The company’s revenue was up 23.2% compared to the same quarter last year. Analysts anticipate that Brooks Automation, Inc. will post $1.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, September 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.33%. Brooks Automation’s payout ratio is 50.00%.

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

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