Stifel Nicolaus Analysts Give Brooks Automation (NASDAQ:BRKS) a $43.00 Price Target

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Stifel Nicolaus set a $43.00 price target on Brooks Automation (NASDAQ:BRKS) in a report published on Tuesday morning, TipRanks reports. The firm currently has a buy rating on the semiconductor company’s stock.

BRKS has been the topic of a number of other research reports. B. Riley set a $47.00 price objective on shares of Brooks Automation and gave the stock a buy rating in a research report on Wednesday. TheStreet lowered shares of Brooks Automation from a b- rating to a c+ rating in a research report on Tuesday, August 13th. BidaskClub raised shares of Brooks Automation from a hold rating to a buy rating in a research report on Thursday, September 12th. Stephens reissued an equal weight rating and issued a $35.00 price objective on shares of Brooks Automation in a research report on Friday, August 23rd. Finally, Zacks Investment Research lowered shares of Brooks Automation from a hold rating to a sell rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $38.50.

Shares of Brooks Automation stock traded down $0.09 on Tuesday, hitting $39.40. The company had a trading volume of 463,857 shares, compared to its average volume of 544,980. The firm has a market capitalization of $2.77 billion, a P/E ratio of 61.56 and a beta of 1.39. Brooks Automation has a twelve month low of $23.02 and a twelve month high of $42.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.01 and a quick ratio of 2.41. The stock has a 50-day moving average of $33.63 and a 200-day moving average of $35.07.

Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $203.88 million during the quarter, compared to analysts’ expectations of $205.14 million. Brooks Automation had a net margin of 4.78% and a return on equity of 6.89%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. Equities analysts predict that Brooks Automation will post 0.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, September 5th. Brooks Automation’s dividend payout ratio is presently 62.50%.

In other news, insider David Pietrantoni sold 3,333 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $41.00, for a total value of $136,653.00. Following the sale, the insider now owns 35,768 shares of the company’s stock, valued at $1,466,488. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.45% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in Brooks Automation by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 796,306 shares of the semiconductor company’s stock worth $20,847,000 after acquiring an additional 48,947 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Brooks Automation by 4.8% during the first quarter. Janney Montgomery Scott LLC now owns 8,652 shares of the semiconductor company’s stock worth $254,000 after acquiring an additional 400 shares in the last quarter. Comerica Bank raised its position in Brooks Automation by 0.9% during the first quarter. Comerica Bank now owns 70,875 shares of the semiconductor company’s stock worth $2,230,000 after acquiring an additional 616 shares in the last quarter. Texas Permanent School Fund raised its position in Brooks Automation by 2.6% during the first quarter. Texas Permanent School Fund now owns 48,181 shares of the semiconductor company’s stock worth $1,413,000 after acquiring an additional 1,212 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Brooks Automation by 18.2% during the first quarter. Victory Capital Management Inc. now owns 7,303 shares of the semiconductor company’s stock worth $214,000 after acquiring an additional 1,125 shares in the last quarter.

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.

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Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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