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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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