Brooks Automation, Inc. (NASDAQ:BRKS) had its price target increased by Janney Montgomery Scott from $30.00 to $35.00 in a report published on Thursday. Janney Montgomery Scott currently has a buy rating on the semiconductor company’s stock.
A number of other brokerages also recently weighed in on BRKS. B. Riley restated a buy rating and set a $32.00 price objective on shares of Brooks Automation in a research report on Monday, June 12th. ValuEngine downgraded shares of Brooks Automation from a buy rating to a hold rating in a research report on Tuesday, August 22nd. BidaskClub downgraded shares of Brooks Automation from a strong-buy rating to a buy rating in a research report on Saturday, June 17th. Zacks Investment Research downgraded shares of Brooks Automation from a buy rating to a hold rating in a research report on Wednesday, June 28th. Finally, Credit Suisse Group restated a hold rating and set a $26.00 price objective on shares of Brooks Automation in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $29.57.
Shares of Brooks Automation (BRKS) opened at 28.53 on Thursday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 35.71 and a beta of 1.07. The stock’s 50 day moving average is $25.39 and its 200 day moving average is $24.54. Brooks Automation has a 52 week low of $12.56 and a 52 week high of $30.23.
Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. The firm had revenue of $181.72 million for the quarter, compared to the consensus estimate of $177.40 million. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. The business’s revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. On average, equities analysts forecast that Brooks Automation will post $1.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a $0.10 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.40 annualized dividend and a yield of 1.40%. Brooks Automation’s payout ratio is presently 50.00%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRKS. BlackRock Inc. raised its position in Brooks Automation by 49,535.5% in the first quarter. BlackRock Inc. now owns 8,670,335 shares of the semiconductor company’s stock worth $194,215,000 after acquiring an additional 8,652,867 shares during the period. Bank of New York Mellon Corp raised its position in Brooks Automation by 23.7% in the second quarter. Bank of New York Mellon Corp now owns 2,555,177 shares of the semiconductor company’s stock worth $55,421,000 after acquiring an additional 489,434 shares during the period. Koch Industries Inc. bought a new position in Brooks Automation in the second quarter worth approximately $391,000. Vanguard Group Inc. raised its position in Brooks Automation by 6.2% in the second quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock worth $144,781,000 after acquiring an additional 392,115 shares during the period. Finally, Bogle Investment Management L P DE bought a new position in Brooks Automation in the first quarter worth approximately $7,222,000. Institutional investors and hedge funds 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.
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