Brooks Automation (NASDAQ:BRKS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Monday.
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. “
BRKS has been the subject of several other research reports. BidaskClub cut Brooks Automation from a “buy” rating to a “hold” rating in a research note on Saturday, August 18th. B. Riley increased their price target on Brooks Automation from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, September 4th. Janney Montgomery Scott reissued a “buy” rating and issued a $56.00 price target (up previously from $40.00) on shares of Brooks Automation in a research note on Tuesday, August 28th. ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Finally, Citigroup increased their price target on Brooks Automation from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, September 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Brooks Automation presently has an average rating of “Hold” and an average price target of $37.00.
BRKS traded up $1.69 on Monday, reaching $27.36. The stock had a trading volume of 1,110,900 shares, compared to its average volume of 757,545. Brooks Automation has a fifty-two week low of $21.75 and a fifty-two week high of $39.75. The company has a quick ratio of 2.83, a current ratio of 3.42 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.81 billion, a PE ratio of 42.75 and a beta of 1.16.
Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Monday, November 19th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.22). Brooks Automation had a return on equity of 13.78% and a net margin of 14.94%. The firm had revenue of $160.00 million during the quarter, compared to analyst estimates of $206.00 million. During the same period in the previous year, the company earned $0.35 EPS. Brooks Automation’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, equities research analysts expect that Brooks Automation will post 1.14 EPS for the current year.
In related news, insider David C. Gray sold 1,933 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $31.77, for a total transaction of $61,411.41. Following the sale, the insider now owns 145,777 shares in the company, valued at approximately $4,631,335.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP William T. Montone sold 1,026 shares of the company’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $31.76, for a total value of $32,585.76. Following the sale, the senior vice president now owns 107,532 shares in the company, valued at approximately $3,415,216.32. The disclosure for this sale can be found here. In the last three months, insiders sold 264,899 shares of company stock valued at $8,249,098. Insiders own 2.36% of the company’s stock.
Several institutional investors have recently made changes to their positions in BRKS. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Brooks Automation by 8,048.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802,329 shares of the semiconductor company’s stock valued at $63,132,000 after purchasing an additional 1,780,209 shares in the last quarter. FMR LLC bought a new stake in shares of Brooks Automation during the 3rd quarter valued at about $28,276,000. BlackRock Inc. boosted its position in shares of Brooks Automation by 8.0% during the 2nd quarter. BlackRock Inc. now owns 9,707,904 shares of the semiconductor company’s stock valued at $316,670,000 after purchasing an additional 715,931 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Brooks Automation during the 3rd quarter valued at about $24,612,000. Finally, Vident Investment Advisory LLC boosted its position in shares of Brooks Automation by 56.0% during the 2nd quarter. Vident Investment Advisory LLC now owns 1,281,487 shares of the semiconductor company’s stock valued at $41,802,000 after purchasing an additional 460,024 shares in the last quarter. 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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