Brooks Automation, Inc. (NASDAQ:BRKS)‘s stock had its “hold” rating reissued by analysts at Needham & Company LLC in a research report issued to clients and investors on Friday.

Other analysts have also issued research reports about the company. B. Riley reissued a “buy” rating and issued a $34.00 target price on shares of Brooks Automation in a report on Tuesday, August 8th. Stifel Nicolaus raised Brooks Automation from a “hold” rating to a “buy” rating and upped their target price for the company from $22.00 to $32.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. BidaskClub lowered Brooks Automation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Janney Montgomery Scott upped their target price on Brooks Automation from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $29.57.

Brooks Automation (BRKS) traded up 0.07% during midday trading on Friday, reaching $30.05. 682,320 shares of the company were exchanged. Brooks Automation has a 52-week low of $12.71 and a 52-week high of $31.75. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 37.61 and a beta of 1.10. The company has a 50 day moving average of $27.41 and a 200-day moving average of $25.39.

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

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Several institutional investors and hedge funds have recently bought and sold shares of the stock. USA Financial Portformulas Corp boosted its stake in shares of Brooks Automation by 43.0% during the second quarter. USA Financial Portformulas Corp now owns 38,960 shares of the semiconductor company’s stock valued at $845,000 after acquiring an additional 11,709 shares during the last quarter. Phocas Financial Corp. acquired a new stake in shares of Brooks Automation during the second quarter valued at $5,117,000. Dynamic Technology Lab Private Ltd boosted its stake in shares of Brooks Automation by 126.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 46,942 shares of the semiconductor company’s stock valued at $1,018,000 after acquiring an additional 26,174 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Brooks Automation during the second quarter valued at $391,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Brooks Automation during the second quarter valued at $327,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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