Brooks Automation (NASDAQ:BRKS) had its target price decreased by Credit Suisse Group from $32.00 to $26.00 in a research note published on Tuesday morning, MarketBeat.com reports. Credit Suisse Group currently has a neutral rating on the semiconductor company’s stock.

BRKS has been the topic of a number of other reports. BidaskClub raised Brooks Automation from a hold rating to a buy rating in a research note on Friday, August 31st. Zacks Investment Research cut Brooks Automation from a buy rating to a hold rating in a research note on Monday, August 6th. ValuEngine cut Brooks Automation from a buy rating to a hold rating in a research note on Wednesday, September 26th. Citigroup increased their target price on shares of Brooks Automation from $38.00 to $41.00 and gave the stock a buy rating in a report on Tuesday, September 25th. Finally, B. Riley increased their target price on shares of Brooks Automation from $40.00 to $50.00 and gave the stock a buy rating in a report on Tuesday, September 4th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $38.33.

Shares of NASDAQ:BRKS opened at $26.16 on Tuesday. Brooks Automation has a 12-month low of $21.75 and a 12-month high of $39.75. The stock has a market cap of $1.92 billion, a PE ratio of 40.88 and a beta of 1.16. The company has a current ratio of 3.29, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Monday, November 19th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.22). Brooks Automation had a net margin of 14.94% and a return on equity of 13.98%. The company had revenue of $160.00 million for the quarter, compared to the consensus estimate of $206.00 million. During the same period last year, the business posted $0.35 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, analysts anticipate that Brooks Automation will post 1.66 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Friday, December 7th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.53%. Brooks Automation’s dividend payout ratio is currently 62.50%.

In other news, CEO Stephen S. Schwartz sold 8,127 shares of the stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $28.59, for a total transaction of $232,350.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen S. Schwartz sold 94,826 shares of the stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $30.93, for a total transaction of $2,932,968.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,899 shares of company stock valued at $8,249,098. 2.36% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Psagot Investment House Ltd. purchased a new stake in Brooks Automation in the second quarter worth about $103,000. Meeder Asset Management Inc. purchased a new stake in Brooks Automation in the third quarter worth about $104,000. Advisory Services Network LLC lifted its holdings in Brooks Automation by 2,387.2% in the third quarter. Advisory Services Network LLC now owns 3,507 shares of the semiconductor company’s stock worth $123,000 after buying an additional 3,366 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Brooks Automation in the second quarter worth about $138,000. Finally, D.A. Davidson & CO. purchased a new stake in Brooks Automation in the third quarter worth about $205,000. Institutional investors own 98.71% of the company’s stock.

About Brooks Automation

Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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