Price Action To Observe: Time to Buy Brooks Automation, Inc After Today’s Big Increase?

Price Action To Observe: Time to Buy Brooks Automation, Inc After Today's Big Increase?

The stock of Brooks Automation, Inc (NASDAQ:BRKS) is a huge mover today! About 164,249 shares traded hands. Brooks Automation, Inc (NASDAQ:BRKS) has risen 35.03% since March 9, 2016 and is uptrending. It has outperformed by 27.62% the S&P500.
The move comes after 7 months positive chart setup for the $902.21 million company. It was reported on Oct, 12 by We have $18.67 PT which if reached, will make NASDAQ:BRKS worth $333.82M more.

Analysts await Brooks Automation, Inc (NASDAQ:BRKS) to report earnings on November, 3. They expect $0.15 earnings per share, down 6.25% or $0.01 from last year’s $0.16 per share. BRKS’s profit will be $9.93M for 22.72 P/E if the $0.15 EPS becomes a reality. After $0.16 actual earnings per share reported by Brooks Automation, Inc for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

Brooks Automation, Inc (NASDAQ:BRKS) Ratings Coverage

Out of 4 analysts covering Brooks Automation (NASDAQ:BRKS), 2 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 50% are positive. Brooks Automation has been the topic of 8 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Citigroup given on Friday, August 14. On Friday, November 6 the stock rating was maintained by Needham with “Buy”. Needham maintained the stock with “Buy” rating in Friday, July 29 report. The company was maintained on Thursday, February 4 by B. Riley & Co. Needham maintained the shares of BRKS in a report on Friday, October 9 with “Buy” rating. The rating was maintained by Credit Suisse with “Underperform” on Tuesday, March 8.

According to Zacks Investment Research, “Brooks Automation delivers automation solutions to the global semiconductor and related industries. The company’s hardware, factory/tool management software, and professional services can manage every wafer, reticle and data movement in the fab, helping semiconductor manufacturers optimize throughput, yield and cost reduction, while reducing their time to market. Brooks products and capabilities are used in virtually every fab in the world.”

Insitutional Activity: The institutional sentiment decreased to 1.31 in Q2 2016. Its down 0.31, from 1.62 in 2016Q1. The ratio is negative, as 16 funds sold all Brooks Automation, Inc shares owned while 38 reduced positions. 15 funds bought stakes while 56 increased positions. They now own 59.57 million shares or 2.20% more from 58.29 million shares in 2016Q1.
The California-based California Pub Employees Retirement has invested 0% in Brooks Automation, Inc (NASDAQ:BRKS). Wells Fargo And Mn accumulated 424,835 shares or 0% of the stock. Moreover, Needham Inv Mngmt Ltd Liability Co has 0.92% invested in Brooks Automation, Inc (NASDAQ:BRKS) for 297,500 shares. Paradigm Capital Inc Ny last reported 164,200 shares in the company. Cubist Systematic Strategies Ltd Com holds 0.01% or 16,369 shares in its portfolio. Trexquant Inv L P has 18,887 shares for 0.03% of their US portfolio. Prudential Financial reported 197,168 shares or 0% of all its holdings. State Of Tennessee Treasury Department, a Tennessee-based fund reported 53,460 shares. Tortoise Capital Advisors Ltd Limited Liability Company owns 900 shares or 0% of their US portfolio. The Texas-based Barrow Hanley Mewhinney And Strauss Ltd Com has invested 0.1% in Brooks Automation, Inc (NASDAQ:BRKS). Ameriprise has 792,290 shares for 0.01% of their US portfolio. Vanguard Gp Inc last reported 5.50 million shares in the company. Tower Rech Capital Lc (Trc) holds 3,829 shares or 0% of its portfolio. Arizona State Retirement Sys holds 35,593 shares or 0.01% of its portfolio. Thrivent Financial For Lutherans last reported 0.02% of its portfolio in the stock.

Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 10 selling transactions for $440,942 net activity. Shares for $52,000 were sold by Joseph Jason on Thursday, July 28. On Friday, September 16 the insider Gray David C sold $82,058. Montone William T. had sold 5,000 shares worth $62,500 on Wednesday, July 20.

More recent Brooks Automation, Inc (NASDAQ:BRKS) news were published by: which released: “/quotes/zigman/3870025/realtime” on December 21, 2009. Also published the news titled: “Brooks Automation Inc. Q3 Income Rises 8%” on July 28, 2016.‘s news article titled: “Brooks Automation Announces Agreement to Acquire BioStorage Technologies” with publication date: November 06, 2015 was also an interesting one.

BRKS Company Profile

Brooks Automation, Inc., incorporated on November 14, 1994, is a well-known provider of automation and cryogenic solutions for semiconductor manufacturing and life sciences markets. The Firm operates through three divisions: Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems.

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