Zacks Investment Research upgraded shares of Brooks Automation (NASDAQ:BRKS) from a hold rating to a strong-buy rating in a research report released on Monday morning, Zacks.com reports. The brokerage currently has $49.00 target price 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 issued reports about the company. ValuEngine raised Brooks Automation from a hold rating to a buy rating in a report on Friday, November 1st. Stephens restated an equal weight rating and set a $35.00 price objective on shares of Brooks Automation in a research report on Friday, August 23rd. TheStreet downgraded Brooks Automation from a b- rating to a c+ rating in a research report on Tuesday, August 13th. BidaskClub upgraded Brooks Automation from a buy rating to a strong-buy rating in a research report on Tuesday, October 22nd. Finally, Citigroup downgraded Brooks Automation from a buy rating to a neutral rating and dropped their target price for the company from $44.00 to $42.00 in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of Buy and an average price target of $42.67.

NASDAQ BRKS traded down $1.24 on Monday, reaching $46.81. The stock had a trading volume of 781,800 shares, compared to its average volume of 526,211. 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 firm has a fifty day moving average of $39.84 and a two-hundred day moving average of $37.34. Brooks Automation has a 1-year low of $23.02 and a 1-year high of $50.35. The company has a market cap of $3.22 billion, a P/E ratio of 60.79 and a beta of 1.37.

Brooks Automation (NASDAQ:BRKS) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $200.23 million for the quarter, compared to analyst estimates of $195.38 million. Brooks Automation had a return on equity of 6.89% and a net margin of 4.78%. Brooks Automation’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. Research analysts predict that Brooks Automation will post 1.26 EPS for the current fiscal year.

In other news, insider David Pietrantoni sold 3,333 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $44.00, for a total transaction of $146,652.00. Following the completion of the transaction, the insider now directly owns 32,435 shares in the company, valued at $1,427,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Joseph sold 5,478 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $42.50, for a total value of $232,815.00. Following the transaction, the senior vice president now owns 77,352 shares of the company’s stock, valued at $3,287,460. The disclosure for this sale can be found here. Insiders have sold 13,145 shares of company stock valued at $583,165 over the last 90 days. 2.45% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC raised its position 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 worth $55,000 after acquiring an additional 619 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Brooks Automation by 6,038.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,903 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 1,872 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in Brooks Automation by 213.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,076 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 1,414 shares during the period. Point72 Asset Management L.P. acquired a new stake in Brooks Automation during the second quarter worth approximately $81,000. Finally, Russell Investments Group Ltd. acquired a new stake in Brooks Automation during the third quarter worth approximately $101,000.

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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