Brooks Automation, Inc. (BRKS) Rating Reiterated by Needham & Company LLC
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.
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