Zacks Investment Research upgraded shares of Brooks Automation (NASDAQ:BRKS) from a hold rating to a buy rating in a research report released on Wednesday, Zacks.com reports. They currently have $43.00 price target on the semiconductor company’s 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. “
Other analysts have also recently issued research reports about the stock. Stifel Nicolaus upped their price target on shares of Western Digital from $48.00 to $55.00 and gave the company a buy rating in a research report on Tuesday, April 30th. BidaskClub cut shares of Xencor from a sell rating to a strong sell rating in a research report on Tuesday, June 11th. Finally, ValuEngine cut shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $39.71.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. The company had revenue of $198.00 million for the quarter, compared to analysts’ expectations of $193.24 million. Brooks Automation had a net margin of 6.68% and a return on equity of 9.45%. Brooks Automation’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. As a group, equities research analysts anticipate that Brooks Automation will post 0.76 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 1.01%. Brooks Automation’s dividend payout ratio (DPR) is currently 62.50%.
In other news, SVP Jason Joseph sold 3,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $39.50, for a total transaction of $118,500.00. Following the transaction, the senior vice president now owns 82,661 shares of the company’s stock, valued at approximately $3,265,109.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alfred Woollacott III sold 4,355 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $38.93, for a total transaction of $169,540.15. Following the transaction, the director now directly owns 84,736 shares in the company, valued at approximately $3,298,772.48. The disclosure for this sale can be found here. Insiders have sold 24,163 shares of company stock worth $893,669 in the last ninety days. Insiders own 2.45% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. boosted its position in shares of Brooks Automation by 43.7% during the 1st quarter. Marshall Wace North America L.P. now owns 2,794 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 850 shares in the last quarter. Hilton Capital Management LLC boosted its position in shares of Brooks Automation by 88.5% during the 1st quarter. Hilton Capital Management LLC now owns 5,654 shares of the semiconductor company’s stock worth $166,000 after purchasing an additional 2,654 shares in the last quarter. Starr International Co. Inc. bought a new position in shares of Brooks Automation during the 1st quarter worth about $201,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Brooks Automation by 10.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,194 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 653 shares in the last quarter. Finally, Park National Corp OH bought a new position in shares of Brooks Automation during the 2nd quarter worth about $212,000. 98.54% of the stock is currently owned by institutional investors.
Brooks Automation Company Profile
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.
Further Reading: Sell-Side Analysts
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