BidaskClub cut shares of Brooks Automation (NASDAQ:BRKS) from a strong-buy rating to a buy rating in a report published on Thursday morning.

BRKS has been the topic of several other research reports. B. Riley restated a buy rating and issued a $34.00 target price on shares of Brooks Automation in a report on Monday, November 13th. Stifel Nicolaus raised their target price on shares of Brooks Automation from $32.00 to $38.00 and gave the stock a buy rating in a report on Wednesday, November 8th. Zacks Investment Research cut shares of Brooks Automation from a buy rating to a hold rating in a report on Friday, November 10th. Stephens started coverage on shares of Brooks Automation in a report on Thursday, December 21st. They issued an overweight rating and a $32.00 target price on the stock. Finally, Citigroup raised their target price on shares of Brooks Automation from $31.00 to $34.00 and gave the stock a buy rating in a report on Friday, November 10th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $31.63.

Brooks Automation (BRKS) opened at $28.82 on Thursday. Brooks Automation has a fifty-two week low of $16.79 and a fifty-two week high of $34.77. The stock has a market cap of $2,029.71, a P/E ratio of 32.02 and a beta of 0.93.

Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The firm had revenue of $181.88 million for the quarter, compared to analysts’ expectations of $174.66 million. During the same quarter last year, the business earned $0.22 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. equities analysts forecast that Brooks Automation will post 1.33 earnings per share for the current fiscal year.

In related news, CEO Stephen S. Schwartz sold 8,667 shares of Brooks Automation stock in a transaction on Monday, November 6th. The shares were sold at an average price of $33.80, for a total value of $292,944.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP William T. Montone sold 2,257 shares of Brooks Automation stock in a transaction on Monday, November 6th. The shares were sold at an average price of $33.80, for a total transaction of $76,286.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,258 shares of company stock worth $2,226,732. 2.36% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. boosted its holdings in Brooks Automation by 336.2% in the fourth quarter. Fox Run Management L.L.C. now owns 60,201 shares of the semiconductor company’s stock valued at $1,436,000 after acquiring an additional 46,401 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Brooks Automation by 1.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 432,093 shares of the semiconductor company’s stock valued at $10,306,000 after buying an additional 5,933 shares during the period. North Star Investment Management Corp. lifted its position in Brooks Automation by 4.0% during the fourth quarter. North Star Investment Management Corp. now owns 52,000 shares of the semiconductor company’s stock valued at $1,240,000 after buying an additional 2,000 shares during the period. Pura Vida Investments LLC purchased a new position in Brooks Automation during the third quarter valued at $2,884,000. Finally, Insight Capital Research & Management Inc. purchased a new position in Brooks Automation during the third quarter valued at $2,386,000. Institutional investors and hedge funds own 89.85% of the company’s stock.

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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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