ValuEngine lowered shares of Brooks Automation, Inc. (NASDAQ:BRKS) from a buy rating to a hold rating in a research report released on Tuesday morning.

A number of other equities analysts have also weighed in on the company. BidaskClub lowered Brooks Automation from a strong-buy rating to a buy rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded Brooks Automation from a hold rating to a strong-buy rating and set a $29.00 price objective for the company in a research note on Monday, May 1st. Needham & Company LLC lifted their price objective on Brooks Automation from $22.00 to $28.00 and gave the company a buy rating in a research note on Friday, April 28th. Stifel Nicolaus upgraded Brooks Automation from a hold rating to a buy rating and lifted their price objective for the company from $22.00 to $32.00 in a research note on Sunday, August 6th. They noted that the move was a valuation call. Finally, Credit Suisse Group reiterated a hold rating and set a $26.00 price objective on shares of Brooks Automation in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $27.43.

Brooks Automation (NASDAQ:BRKS) opened at 24.76 on Tuesday. The company has a market cap of $1.67 billion, a P/E ratio of 30.99 and a beta of 1.03. Brooks Automation has a 52 week low of $12.05 and a 52 week high of $30.23. The firm has a 50-day moving average price of $24.79 and a 200-day moving average price of $24.02.

Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.06. The business had revenue of $181.72 million during 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%. The company’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. Equities research analysts anticipate that Brooks Automation will post $1.18 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, September 7th. Brooks Automation’s dividend payout ratio (DPR) is presently 50.00%.

Several large investors have recently bought and sold shares of the stock. USA Financial Portformulas Corp boosted its stake in Brooks Automation by 43.0% in the second quarter. USA Financial Portformulas Corp now owns 38,960 shares of the semiconductor company’s stock worth $845,000 after buying an additional 11,709 shares during the period. Phocas Financial Corp. acquired a new stake in Brooks Automation during the second quarter worth approximately $5,117,000. Dynamic Technology Lab Private Ltd boosted its stake in Brooks Automation by 126.0% in the second quarter. Dynamic Technology Lab Private Ltd now owns 46,942 shares of the semiconductor company’s stock worth $1,018,000 after buying an additional 26,174 shares during the period. Koch Industries Inc. acquired a new stake in Brooks Automation during the second quarter worth approximately $391,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Brooks Automation during the second quarter worth approximately $327,000. Hedge funds and other institutional investors own 89.88% of the company’s stock.

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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Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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