State of Alaska Department of Revenue Has $2.06 Million Stock Holdings in Brooks Automation, Inc (NASDAQ:BRKS)

State of Alaska Department of Revenue raised its stake in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 126.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 55,697 shares of the semiconductor company’s stock after purchasing an additional 31,142 shares during the quarter. State of Alaska Department of Revenue’s holdings in Brooks Automation were worth $2,062,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Advisory Services Network LLC boosted its position in shares of Brooks Automation by 75.0% in the second quarter. Advisory Services Network LLC now owns 1,444 shares of the semiconductor company’s stock valued at $55,000 after acquiring an additional 619 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Brooks Automation by 6,038.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,903 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 1,872 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Brooks Automation by 213.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,076 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 1,414 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Brooks Automation in the second quarter valued at approximately $81,000. Finally, Marshall Wace North America L.P. boosted its position in shares of Brooks Automation by 43.7% in the first quarter. Marshall Wace North America L.P. now owns 2,794 shares of the semiconductor company’s stock valued at $82,000 after acquiring an additional 850 shares during the period. Institutional investors own 98.54% of the company’s stock.

BRKS stock traded up $0.60 during midday trading on Wednesday, hitting $36.09. The stock had a trading volume of 29,704 shares, compared to its average volume of 534,080. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 56.39 and a beta of 1.38. Brooks Automation, Inc has a 52 week low of $23.02 and a 52 week high of $42.25. The stock has a 50-day simple moving average of $35.54 and a 200 day simple moving average of $35.68. The company has a current ratio of 3.01, a quick ratio of 2.41 and a debt-to-equity ratio of 0.72.



Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $203.88 million during the quarter, compared to analysts’ expectations of $205.14 million. Brooks Automation had a return on equity of 6.89% and a net margin of 4.78%. Brooks Automation’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. On average, equities analysts forecast that Brooks Automation, Inc will post 0.76 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a $0.10 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.40 annualized dividend and a yield of 1.11%. Brooks Automation’s dividend payout ratio (DPR) is currently 62.50%.

In other Brooks Automation news, insider David Pietrantoni sold 3,333 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $41.00, for a total transaction of $136,653.00. Following the completion of the transaction, the insider now directly owns 35,768 shares in the company, valued at $1,466,488. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.45% of the stock is owned by company insiders.

BRKS has been the subject of several research reports. TheStreet cut Brooks Automation from a “b-” rating to a “c+” rating in a research report on Tuesday, August 13th. ValuEngine cut Brooks Automation from a “buy” rating to a “hold” rating in a research report on Tuesday. B. Riley set a $47.00 price objective on Brooks Automation and gave the company a “buy” rating in a research report on Wednesday, September 18th. Zacks Investment Research cut Brooks Automation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Finally, Stephens reissued an “equal weight” rating and issued a $35.00 price objective on shares of Brooks Automation in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Brooks Automation has a consensus rating of “Hold” and an average target price of $40.00.

Brooks Automation Company Profile

Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.

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

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