Brooks Automation (BRKS) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Brooks Automation (NASDAQ: BRKS) recently:

  • 8/13/2019 – Brooks Automation was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 8/7/2019 – Brooks Automation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/6/2019 – Brooks Automation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Brooks Automation is a leading worldwide provider of automation, vacuum, and instrumentation solutions for multiple markets including semiconductor manufacturing, life sciences, and clean energy. Their technologies, engineering competencies, and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, they have been a leading partner to the global semiconductor manufacturing market and through product development initiatives and strategic business acquisitions; they have expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets, and clean energy solutions. “
  • 8/2/2019 – Brooks Automation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $47.00 price target on the stock, down previously from $51.00.
  • 7/25/2019 – Brooks Automation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock. According to Zacks, “Brooks Automation is a leading worldwide provider of automation, vacuum, and instrumentation solutions for multiple markets including semiconductor manufacturing, life sciences, and clean energy. Their technologies, engineering competencies, and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, they have been a leading partner to the global semiconductor manufacturing market and through product development initiatives and strategic business acquisitions; they have expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets, and clean energy solutions. “
  • 7/22/2019 – Brooks Automation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Brooks Automation is a leading worldwide provider of automation, vacuum, and instrumentation solutions for multiple markets including semiconductor manufacturing, life sciences, and clean energy. Their technologies, engineering competencies, and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, they have been a leading partner to the global semiconductor manufacturing market and through product development initiatives and strategic business acquisitions; they have expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets, and clean energy solutions. “
  • 7/19/2019 – Brooks Automation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock. According to Zacks, “Brooks Automation is a leading worldwide provider of automation, vacuum, and instrumentation solutions for multiple markets including semiconductor manufacturing, life sciences, and clean energy. Their technologies, engineering competencies, and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, they have been a leading partner to the global semiconductor manufacturing market and through product development initiatives and strategic business acquisitions; they have expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets, and clean energy solutions. “
  • 7/15/2019 – Brooks Automation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Brooks Automation is a leading worldwide provider of automation, vacuum, and instrumentation solutions for multiple markets including semiconductor manufacturing, life sciences, and clean energy. Their technologies, engineering competencies, and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, they have been a leading partner to the global semiconductor manufacturing market and through product development initiatives and strategic business acquisitions; they have expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets, and clean energy solutions. “
  • 7/10/2019 – Brooks Automation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $43.00 price target on the stock. According to Zacks, “Brooks Automation is a leading worldwide provider of automation, vacuum, and instrumentation solutions for multiple markets including semiconductor manufacturing, life sciences, and clean energy. Their technologies, engineering competencies, and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, they have been a leading partner to the global semiconductor manufacturing market and through product development initiatives and strategic business acquisitions; they have expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets, and clean energy solutions. “
  • 7/8/2019 – Brooks Automation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Brooks Automation is a leading worldwide provider of automation, vacuum, and instrumentation solutions for multiple markets including semiconductor manufacturing, life sciences, and clean energy. Their technologies, engineering competencies, and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, they have been a leading partner to the global semiconductor manufacturing market and through product development initiatives and strategic business acquisitions; they have expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets, and clean energy solutions. “
  • 7/2/2019 – Brooks Automation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock. According to Zacks, “Brooks Automation is a leading worldwide provider of automation, vacuum, and instrumentation solutions for multiple markets including semiconductor manufacturing, life sciences, and clean energy. Their technologies, engineering competencies, and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, they have been a leading partner to the global semiconductor manufacturing market and through product development initiatives and strategic business acquisitions; they have expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets, and clean energy solutions. “

Shares of BRKS traded up $0.17 during trading hours on Thursday, reaching $30.35. 331,600 shares of the company traded hands, compared to its average volume of 561,877. The firm has a fifty day moving average of $37.58. The firm has a market cap of $2.17 billion, a PE ratio of 47.42 and a beta of 1.36. The company has a current ratio of 3.01, a quick ratio of 2.41 and a debt-to-equity ratio of 0.72. Brooks Automation, Inc has a 1-year low of $23.02 and a 1-year high of $42.25.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Brooks Automation had a net margin of 4.78% and a return on equity of 6.89%. The business had revenue of $203.88 million during the quarter, compared to analyst estimates of $205.14 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Sell-side analysts predict that Brooks Automation, Inc will post 0.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, September 5th. Brooks Automation’s dividend payout ratio (DPR) is presently 62.50%.

In related news, insider David Pietrantoni sold 3,333 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $41.00, for a total value of $136,653.00. Following the completion of the transaction, the insider now owns 35,768 shares of the company’s stock, valued at $1,466,488. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.45% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. TimesSquare Capital Management LLC acquired a new stake in shares of Brooks Automation during the first quarter worth approximately $37,997,000. Norges Bank acquired a new stake in shares of Brooks Automation during the fourth quarter worth approximately $30,816,000. FMR LLC increased its holdings in shares of Brooks Automation by 226.6% during the first quarter. FMR LLC now owns 1,397,834 shares of the semiconductor company’s stock worth $40,999,000 after buying an additional 969,851 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Brooks Automation by 61.2% during the second quarter. Invesco Ltd. now owns 1,685,152 shares of the semiconductor company’s stock worth $65,299,000 after buying an additional 639,558 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Brooks Automation by 32.9% during the first quarter. Wells Fargo & Company MN now owns 2,365,216 shares of the semiconductor company’s stock worth $69,371,000 after buying an additional 585,715 shares in the last quarter. 98.54% of the stock is owned by hedge funds and other institutional investors.

Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.

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