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

Needham & Company LLC reiterated their hold rating on shares of Brooks Automation, Inc. (NASDAQ:BRKS) in a report issued on Friday, October 6th.

A number of other research analysts have also weighed in on BRKS. B. Riley reaffirmed a buy rating and issued a $32.00 price target on shares of Brooks Automation in a research note on Monday, June 12th. BidaskClub lowered shares of Brooks Automation from a strong-buy rating to a buy rating in a research note on Saturday, June 17th. ValuEngine lowered shares of Brooks Automation from a buy rating to a hold rating in a research note on Wednesday, July 12th. Credit Suisse Group reissued a hold rating and issued a $26.00 target price on shares of Brooks Automation in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Brooks Automation from a hold rating to a strong-buy rating and set a $26.00 target price on the stock in a research note on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Brooks Automation presently has a consensus rating of Buy and an average target price of $29.57.

Brooks Automation (NASDAQ BRKS) opened at 32.09 on Friday. The stock’s 50 day moving average price is $28.99 and its 200-day moving average price is $26.05. The stock has a market cap of $2.16 billion, a PE ratio of 40.16 and a beta of 1.10. Brooks Automation has a 12 month low of $12.71 and a 12 month high of $32.69.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. The company had revenue of $181.72 million for the quarter, compared to the consensus estimate of $177.40 million. During the same period last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. Analysts anticipate that Brooks Automation will post $1.18 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a $0.10 dividend. The ex-dividend date was Thursday, September 7th. This represents a $0.40 annualized dividend and a yield of 1.25%. Brooks Automation’s dividend payout ratio (DPR) is presently 50.00%.

Institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in Brooks Automation in the 2nd quarter valued at approximately $104,000. Advisor Group Inc. acquired a new position in shares of Brooks Automation in the second quarter worth $122,000. Riverhead Capital Management LLC grew its stake in shares of Brooks Automation by 49.9% in the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,897 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Brooks Automation in the first quarter worth $127,000. Finally, Flinton Capital Management LLC grew its stake in shares of Brooks Automation by 49.3% in the second quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 2,072 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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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