Zacks Investment Research upgraded shares of Brooks Automation (NASDAQ:BRKS) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $43.00 price target on the semiconductor company’s stock.
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. “
Other analysts also recently issued reports about the company. BidaskClub upgraded Brooks Automation from a hold rating to a buy rating in a research note on Thursday, September 12th. ValuEngine downgraded Brooks Automation from a buy rating to a hold rating in a research note on Tuesday, October 8th. Stephens restated an equal weight rating and issued a $35.00 price target on shares of Brooks Automation in a research note on Friday, August 23rd. Stifel Nicolaus set a $43.00 price target on Brooks Automation and gave the company a buy rating in a research note on Tuesday, September 17th. Finally, B. Riley set a $47.00 price target on Brooks Automation and gave the company a buy rating in a research note on Wednesday, September 18th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $39.33.
Shares of BRKS stock traded up $1.63 during midday trading on Wednesday, hitting $39.69. The company had a trading volume of 164,329 shares, compared to its average volume of 406,911. The company’s 50 day simple moving average is $36.50 and its 200 day simple moving average is $35.99. Brooks Automation has a 52-week low of $23.02 and a 52-week high of $42.25. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 62.02 and a beta of 1.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.01 and a quick ratio of 2.41.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Brooks Automation had a return on equity of 6.89% and a net margin of 4.78%. The firm had revenue of $203.88 million for the quarter, compared to the consensus estimate of $205.14 million. During the same period in the previous year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. Analysts anticipate that Brooks Automation will post 0.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.01%. Brooks Automation’s dividend payout ratio (DPR) is presently 62.50%.
In related news, insider David Pietrantoni sold 3,333 shares of Brooks Automation stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $41.00, for a total transaction of $136,653.00. Following the completion of the transaction, the insider now directly owns 35,768 shares of the company’s stock, valued at $1,466,488. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.45% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC raised its holdings in shares of Brooks Automation by 75.0% in the second quarter. Advisory Services Network LLC now owns 1,444 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 619 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Brooks Automation by 6,038.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,903 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 1,872 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Brooks Automation by 213.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,076 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 1,414 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Brooks Automation in the second quarter worth $81,000. Finally, Marshall Wace North America L.P. raised its holdings in shares of Brooks Automation by 43.7% in the first quarter. Marshall Wace North America L.P. now owns 2,794 shares of the semiconductor company’s stock worth $82,000 after acquiring an additional 850 shares during the last quarter.
About Brooks Automation
Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.
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