Brooks Automation, Inc. (NASDAQ:BRKS) had its price target hoisted by Janney Montgomery Scott from $30.00 to $35.00 in a research note published on Thursday morning. They currently have a buy rating on the semiconductor company’s stock.

A number of other research firms have also recently issued reports on BRKS. ValuEngine cut shares of Brooks Automation from a buy rating to a hold rating in a research note on Wednesday, July 12th. BidaskClub cut shares of Brooks Automation from a strong-buy rating to a buy rating in a research note on Saturday, June 17th. B. Riley restated a buy rating and set a $32.00 target price on shares of Brooks Automation in a research note on Monday, June 12th. Zacks Investment Research cut shares of Brooks Automation from a buy rating to a hold rating in a research note on Wednesday, June 28th. Finally, Credit Suisse Group restated a hold rating and set a $26.00 target price on shares of Brooks Automation in a research note on Thursday, August 3rd. Three equities 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 stock. The company currently has an average rating of Buy and an average price target of $29.57.

Brooks Automation (NASDAQ:BRKS) traded down 0.21% on Thursday, hitting $28.53. 1,280,543 shares of the stock traded hands. The firm’s 50 day moving average is $25.30 and its 200 day moving average is $24.49. Brooks Automation has a 52 week low of $12.56 and a 52 week high of $30.23. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 35.71 and a beta of 1.07.

Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $181.72 million during the quarter, compared to analysts’ expectations of $177.40 million. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. Brooks Automation’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. Equities analysts anticipate that Brooks Automation will post $1.18 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 yield of 1.40%. The ex-dividend date of this dividend is Thursday, September 7th. Brooks Automation’s dividend payout ratio is 50.00%.

A number of large investors have recently added to or reduced their stakes in BRKS. Teachers Advisors LLC increased its position in Brooks Automation by 37.7% during the fourth quarter. Teachers Advisors LLC now owns 165,609 shares of the semiconductor company’s stock worth $2,827,000 after acquiring an additional 45,298 shares during the period. Wells Fargo & Company MN increased its position in Brooks Automation by 6.8% during the first quarter. Wells Fargo & Company MN now owns 452,867 shares of the semiconductor company’s stock worth $10,144,000 after acquiring an additional 28,720 shares during the period. Great West Life Assurance Co. Can increased its position in Brooks Automation by 3.0% during the first quarter. Great West Life Assurance Co. Can now owns 98,402 shares of the semiconductor company’s stock worth $2,203,000 after acquiring an additional 2,911 shares during the period. Capital Fund Management S.A. bought a new position in Brooks Automation during the first quarter worth about $439,000. Finally, US Bancorp DE increased its position in Brooks Automation by 14.0% during the first quarter. US Bancorp DE now owns 24,326 shares of the semiconductor company’s stock worth $545,000 after acquiring an additional 2,984 shares during the period. 90.44% of the stock is currently owned by institutional investors and hedge funds.

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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