Brooks Automation, Inc. (NASDAQ:BRKS) had its target price upped by analysts at Stifel Nicolaus from $32.00 to $38.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 11.39% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Janney Montgomery Scott raised their price target on shares of Brooks Automation from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. BidaskClub upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Needham & Company LLC reiterated a “hold” rating on shares of Brooks Automation in a report on Friday, October 6th. ValuEngine cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Credit Suisse Group restated a “hold” rating and set a $26.00 target price on shares of Brooks Automation in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Brooks Automation currently has an average rating of “Buy” and a consensus price target of $30.43.

Brooks Automation (NASDAQ BRKS) traded up $0.22 on Wednesday, reaching $34.12. 79,014 shares of the company traded hands, compared to its average volume of 603,292. The firm has a market capitalization of $2,369.72, a price-to-earnings ratio of 37.33 and a beta of 1.06. Brooks Automation has a 52-week low of $12.95 and a 52-week high of $34.77.

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Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Brooks Automation by 49,535.5% during the 1st quarter. BlackRock Inc. now owns 8,670,335 shares of the semiconductor company’s stock valued at $194,215,000 after purchasing an additional 8,652,867 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Brooks Automation during the third quarter worth approximately $15,902,000. Bank of New York Mellon Corp grew its holdings in Brooks Automation by 23.7% during the second quarter. Bank of New York Mellon Corp now owns 2,555,177 shares of the semiconductor company’s stock valued at $55,421,000 after purchasing an additional 489,434 shares during the period. Koch Industries Inc. acquired a new position in Brooks Automation during the second quarter valued at approximately $391,000. Finally, Vanguard Group Inc. grew its holdings in Brooks Automation by 6.2% during the second quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock valued at $144,781,000 after purchasing an additional 392,115 shares during the period. Institutional investors and hedge funds own 90.61% 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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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