Brooks Automation, Inc. (BRKS) Downgraded by Needham & Company LLC to “Hold”
Needham & Company LLC cut shares of Brooks Automation, Inc. (NASDAQ:BRKS) from a buy rating to a hold rating in a report released on Monday morning. The analysts noted that the move was a valuation call.
Several other brokerages have also issued reports on BRKS. ValuEngine lowered Brooks Automation from a buy rating to a hold rating in a research note on Wednesday, July 12th. BidaskClub lowered 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 issued a $32.00 target price on shares of Brooks Automation in a research note on Monday, June 12th. Zacks Investment Research lowered 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 issued a $26.00 target price on shares of Brooks Automation in a research note on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $29.57.
Brooks Automation (NASDAQ BRKS) opened at 28.70 on Monday. The company has a market cap of $1.93 billion, a PE ratio of 35.92 and a beta of 1.07. Brooks Automation has a 52-week low of $12.71 and a 52-week high of $30.23. The firm’s 50-day moving average price is $25.50 and its 200 day moving average price is $24.64.
Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.06. The firm had revenue of $181.72 million for 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 business’s revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. On average, equities analysts predict that Brooks Automation will post $1.18 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.39%. Brooks Automation’s payout ratio is 50.00%.
Several large investors have recently added to or reduced their stakes in the stock. USA Financial Portformulas Corp raised its stake in shares of Brooks Automation by 43.0% during the 2nd quarter. USA Financial Portformulas Corp now owns 38,960 shares of the semiconductor company’s stock valued at $845,000 after purchasing an additional 11,709 shares during the period. Phocas Financial Corp. bought a new stake in shares of Brooks Automation during the 2nd quarter valued at $5,117,000. Dynamic Technology Lab Private Ltd raised its stake in shares of Brooks Automation by 126.0% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 46,942 shares of the semiconductor company’s stock valued at $1,018,000 after purchasing an additional 26,174 shares during the period. Koch Industries Inc. bought a new stake in shares of Brooks Automation during the 2nd quarter valued at $391,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Brooks Automation during the 2nd quarter valued at $327,000. Institutional investors own 90.39% of the company’s stock.
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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