Brooks Automation (NASDAQ:BRKS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $28.00 price objective on the semiconductor company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 10.89% from the stock’s current price.
According to Zacks, “Brooks Automation is a leading worldwide provider of automation, vacuum, and instrumentation solutions for multiple markets including semiconductor manufacturing, life sciences, and clean energy. Their technologies, engineering competencies, and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, they have been a leading partner to the global semiconductor manufacturing market and through product development initiatives and strategic business acquisitions; they have expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets, and clean energy solutions. “
A number of other equities research analysts have also weighed in on the stock. BidaskClub raised shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 9th. Citigroup raised their price target on shares of Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a report on Friday, November 10th. Stifel Nicolaus raised their price target on shares of Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Stephens started coverage on shares of Brooks Automation in a report on Thursday, December 21st. They set an “overweight” rating and a $32.00 price target for the company. Finally, B. Riley reaffirmed a “buy” rating and set a $34.00 price target on shares of Brooks Automation in a report on Monday, November 13th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $32.88.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.03. The business had revenue of $189.33 million during the quarter, compared to analyst estimates of $184.48 million. Brooks Automation had a net margin of 9.03% and a return on equity of 14.43%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. equities analysts forecast that Brooks Automation will post 1.33 earnings per share for the current fiscal year.
In other Brooks Automation news, CEO Stephen S. Schwartz sold 27,915 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $28.55, for a total transaction of $796,973.25. Following the completion of the transaction, the chief executive officer now directly owns 661,852 shares of the company’s stock, valued at approximately $18,895,874.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Lindon G. Robertson sold 10,329 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $28.55, for a total transaction of $294,892.95. Following the transaction, the chief financial officer now directly owns 183,417 shares of the company’s stock, valued at $5,236,555.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,710 shares of company stock valued at $2,445,853. 2.36% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Russell Frank Co boosted its holdings in shares of Brooks Automation by 23.2% in the 4th quarter. Russell Frank Co now owns 1,019,477 shares of the semiconductor company’s stock valued at $11,164,000 after buying an additional 192,300 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Brooks Automation by 1.8% in the 4th quarter. California State Teachers Retirement System now owns 125,088 shares of the semiconductor company’s stock valued at $1,336,000 after buying an additional 2,243 shares during the period. Penbrook Management LLC boosted its holdings in shares of Brooks Automation by 0.3% in the 4th quarter. Penbrook Management LLC now owns 119,859 shares of the semiconductor company’s stock valued at $1,280,000 after buying an additional 400 shares during the period. Majedie Asset Management Ltd boosted its holdings in shares of Brooks Automation by 6.3% in the 4th quarter. Majedie Asset Management Ltd now owns 1,739,307 shares of the semiconductor company’s stock valued at $18,576,000 after buying an additional 102,953 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Brooks Automation by 3.8% in the 4th quarter. Rhumbline Advisers now owns 113,792 shares of the semiconductor company’s stock valued at $1,215,000 after buying an additional 4,145 shares during the period. 88.94% of the stock is owned by institutional investors.
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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.
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