Brooks Automation, Inc. (NASDAQ:BRKS)‘s stock had its “buy” rating reaffirmed by equities researchers at B. Riley in a research report issued on Tuesday. They presently have a $34.00 price objective on the semiconductor company’s stock. B. Riley’s price target points to a potential upside of 36.33% from the company’s previous close.

A number of other brokerages have also recently weighed in on BRKS. Zacks Investment Research cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Stifel Nicolaus upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $22.00 to $32.00 in a research note on Sunday. They noted that the move was a valuation call. Finally, Credit Suisse Group restated a “hold” rating and set a $26.00 price objective on shares of Brooks Automation in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Brooks Automation presently has a consensus rating of “Buy” and a consensus price target of $27.43.

Brooks Automation (NASDAQ:BRKS) traded down 1.56% during mid-day trading on Tuesday, reaching $24.55. 224,426 shares of the company traded hands. The firm’s 50-day moving average is $24.60 and its 200 day moving average is $23.28. The stock has a market capitalization of $1.71 billion, a PE ratio of 30.73 and a beta of 1.03. Brooks Automation has a 52-week low of $12.05 and a 52-week high of $30.23.

Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $181.72 million for the quarter, compared to analysts’ expectations of $177.40 million. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the business posted $0.16 earnings per share. On average, equities research analysts expect that Brooks Automation will post $1.18 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in Brooks Automation by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 125,088 shares of the semiconductor company’s stock worth $1,336,000 after buying an additional 2,243 shares during the last quarter. Russell Frank Co raised its position in Brooks Automation by 23.2% in the fourth quarter. Russell Frank Co now owns 1,019,477 shares of the semiconductor company’s stock worth $11,164,000 after buying an additional 192,300 shares during the last quarter. Polaris Capital Management LLC raised its position in Brooks Automation by 54.6% in the fourth quarter. Polaris Capital Management LLC now owns 843,419 shares of the semiconductor company’s stock worth $9,008,000 after buying an additional 297,960 shares during the last quarter. Victory Capital Management Inc. raised its position in Brooks Automation by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,710,037 shares of the semiconductor company’s stock worth $18,263,000 after buying an additional 185,782 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Brooks Automation by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 445,237 shares of the semiconductor company’s stock worth $4,755,000 after buying an additional 20,570 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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