Brooks Automation (NASDAQ:BRKS) posted its earnings results on Thursday. The semiconductor company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03, Morningstar.com reports. The company had revenue of $203.88 million during the quarter, compared to analyst estimates of $205.14 million. Brooks Automation had a net margin of 4.78% and a return on equity of 6.92%. Brooks Automation’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share.
BRKS traded down $5.09 on Friday, hitting $32.69. The company had a trading volume of 1,423,603 shares, compared to its average volume of 415,907. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.86 and a quick ratio of 2.25. Brooks Automation has a 52-week low of $23.02 and a 52-week high of $42.25. The business has a fifty day simple moving average of $39.28. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 51.08 and a beta of 1.36.
A number of analysts have recently weighed in on BRKS shares. Zacks Investment Research upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Thursday, July 25th. BidaskClub lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, June 11th. B. Riley reiterated a “buy” rating and set a $47.00 target price (down from $51.00) on shares of Brooks Automation in a report on Friday. ValuEngine upgraded shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 1st. Finally, Stifel Nicolaus increased their target price on shares of Brooks Automation from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. 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 stock. Brooks Automation presently has a consensus rating of “Buy” and a consensus price target of $41.00.
In other Brooks Automation news, Director Alfred Woollacott III sold 4,355 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $38.93, for a total value of $169,540.15. Following the completion of the sale, the director now directly owns 84,736 shares in the company, valued at $3,298,772.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Jarzynka sold 2,577 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $38.95, for a total transaction of $100,374.15. Following the completion of the sale, the vice president now owns 92,894 shares of the company’s stock, valued at $3,618,221.30. The disclosure for this sale can be found here. Insiders sold 13,265 shares of company stock valued at $525,067 over the last 90 days. 2.45% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of BRKS. Advisory Services Network LLC increased its stake in shares of Brooks Automation by 75.0% during the second quarter. Advisory Services Network LLC now owns 1,444 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 619 shares in the last quarter. Marshall Wace North America L.P. increased its stake in shares of Brooks Automation by 43.7% during the first quarter. Marshall Wace North America L.P. now owns 2,794 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 850 shares in the last quarter. Hilton Capital Management LLC increased its stake in shares of Brooks Automation by 88.5% during the first quarter. Hilton Capital Management LLC now owns 5,654 shares of the semiconductor company’s stock valued at $166,000 after purchasing an additional 2,654 shares in the last quarter. Strs Ohio increased its stake in shares of Brooks Automation by 500.0% during the second quarter. Strs Ohio now owns 4,800 shares of the semiconductor company’s stock valued at $186,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Starr International Co. Inc. bought a new position in shares of Brooks Automation during the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 98.54% of the company’s stock.
About Brooks Automation
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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