Brooks Automation, Inc. (NASDAQ:BRKS) shares traded up 4.1% during mid-day trading on Friday . The stock traded as high as $27.34 and last traded at $26.10. 331,510 shares traded hands during trading, a decline of 52% from the average session volume of 694,816 shares. The stock had previously closed at $27.23.

Several research analysts have recently issued reports on the company. ValuEngine cut Brooks Automation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. B. Riley reaffirmed a “buy” rating and set a $34.00 price objective on shares of Brooks Automation in a research report on Tuesday, August 8th. Stifel Nicolaus raised Brooks Automation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $22.00 to $32.00 in a research report on Sunday, August 6th. They noted that the move was a valuation call. Zacks Investment Research raised Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research report on Friday, August 4th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $26.00 price objective on shares of Brooks Automation in a research report 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’s stock. Brooks Automation has an average rating of “Buy” and a consensus price target of $27.43.

The stock’s 50 day moving average price is $25.11 and its 200 day moving average price is $24.31. The stock has a market capitalization of $1.74 billion, a PE ratio of 32.47 and a beta of 1.07.

Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $181.72 million for the quarter, compared to analyst estimates of $177.40 million. During the same period in the previous year, the company earned $0.16 earnings per share. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. Equities analysts anticipate that Brooks Automation, Inc. will post $1.18 earnings per share for the current year.

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 1.54%. The ex-dividend date is Thursday, September 7th. Brooks Automation’s payout ratio is 50.00%.

A number of large investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System grew its stake in Brooks Automation by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 28,400 shares of the semiconductor company’s stock worth $616,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System grew its stake in Brooks Automation by 0.3% in the second quarter. Arizona State Retirement System now owns 36,293 shares of the semiconductor company’s stock worth $787,000 after purchasing an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Brooks Automation by 1.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 15,770 shares of the semiconductor company’s stock worth $353,000 after purchasing an additional 230 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Brooks Automation by 3.2% in the first quarter. State of Alaska Department of Revenue now owns 7,670 shares of the semiconductor company’s stock worth $171,000 after purchasing an additional 240 shares in the last quarter. Finally, Amalgamated Bank grew its stake in Brooks Automation by 3.4% in the second quarter. Amalgamated Bank now owns 9,526 shares of the semiconductor company’s stock worth $207,000 after purchasing an additional 313 shares in the last quarter. Institutional investors and hedge funds own 90.44% of the company’s stock.

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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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