Paradigm Capital Management Inc. NY Has $1.69 Million Position in Brooks Automation, Inc. (BRKS)

Paradigm Capital Management Inc. NY lowered its position in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 23.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,900 shares of the semiconductor company’s stock after selling 23,225 shares during the quarter. Paradigm Capital Management Inc. NY owned approximately 0.11% of Brooks Automation worth $1,689,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Riverhead Capital Management LLC boosted its position in Brooks Automation by 49.9% during the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,897 shares during the last quarter. Capital Fund Management S.A. boosted its position in Brooks Automation by 120.9% during the second quarter. Capital Fund Management S.A. now owns 43,300 shares of the semiconductor company’s stock worth $939,000 after acquiring an additional 23,700 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Brooks Automation during the second quarter worth approximately $1,376,000. State of Tennessee Treasury Department boosted its position in Brooks Automation by 3.5% during the second quarter. State of Tennessee Treasury Department now owns 65,147 shares of the semiconductor company’s stock worth $1,413,000 after acquiring an additional 2,185 shares during the last quarter. Finally, Swiss National Bank boosted its position in Brooks Automation by 2.6% during the second quarter. Swiss National Bank now owns 116,800 shares of the semiconductor company’s stock worth $2,533,000 after acquiring an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 90.44% of the company’s stock.

Brooks Automation, Inc. (BRKS) opened at 26.88 on Wednesday. Brooks Automation, Inc. has a 1-year low of $12.22 and a 1-year high of $30.23. The stock has a market cap of $1.81 billion, a P/E ratio of 33.64 and a beta of 1.07. The firm’s 50-day moving average is $25.15 and its 200-day moving average is $24.40.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.36 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $177.40 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue was up 23.2% on a year-over-year basis. On average, analysts forecast that Brooks Automation, Inc. will post $1.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, September 7th. Brooks Automation’s payout ratio is presently 50.00%.

A number of analysts recently issued reports on the stock. B. Riley restated a “buy” rating and set a $32.00 target price on shares of Brooks Automation in a research report on Monday, June 12th. ValuEngine lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub lowered shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Credit Suisse Group restated a “hold” rating and set a $26.00 target price on shares of Brooks Automation in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $27.43.

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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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