The stock of Brooks Automation, Inc (NASDAQ:BRKS) hit a new 52-week high and has $17.37 target or 5.00% above today’s $16.54 share price. The 6 months bullish chart indicates low risk for the $1.16 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $17.37 price target is reached, the company will be worth $58.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 21,161 shares traded hands. Brooks Automation, Inc (NASDAQ:BRKS) has risen 62.73% since April 20, 2016 and is uptrending. It has outperformed by 58.17% the S&P500.
Brooks Automation, Inc (NASDAQ:BRKS) Ratings Coverage
Out of 4 analysts covering Brooks Automation (NASDAQ:BRKS), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. $16.50 is the highest target while $9.10 is the lowest. The $13.38 average target is -19.11% below today’s ($16.54) stock price. Brooks Automation has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, October 9 by Needham. The firm earned “Buy” rating on Friday, July 29 by Needham. Credit Suisse maintained the shares of BRKS in a report on Tuesday, March 8 with “Underperform” rating. The firm has “Buy” rating given on Wednesday, October 12 by Citigroup. B. Riley & Co maintained it with “Buy” rating and $16.50 target price in Thursday, February 4 report. Citigroup maintained the shares of BRKS in a report on Friday, August 14 with “Neutral” rating. Needham maintained Brooks Automation, Inc (NASDAQ:BRKS) rating on Friday, November 6. Needham has “Buy” rating and $13 price target.
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 1.16 in Q2 2016. Its down 0.15, from 1.31 in 2016Q1. The ratio turned 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.
Morgan Stanley owns 85,548 shares or 0% of their US portfolio. The United Kingdom-based Blackrock Grp Incorporated has invested 0% in Brooks Automation, Inc (NASDAQ:BRKS). Moreover, Wells Fargo And Mn has 0% invested in Brooks Automation, Inc (NASDAQ:BRKS) for 424,835 shares. Tower Lc (Trc) reported 3,829 shares or 0% of all its holdings. Credit Suisse Ag holds 0% of its portfolio in Brooks Automation, Inc (NASDAQ:BRKS) for 114,018 shares. Genesee Valley Trust has 0.09% invested in the company for 12,745 shares. Bnp Paribas Arbitrage last reported 21,407 shares in the company. State Teachers Retirement System last reported 156,627 shares in the company. Los Angeles Cap Management & Equity Rech owns 13,026 shares or 0% of their US portfolio. Profund Advsr Ltd Liability Co has 0.01% invested in the company for 22,508 shares. Moreover, State Bank Of America De has 0% invested in Brooks Automation, Inc (NASDAQ:BRKS) for 51,774 shares. Moreover, Legal General Group Public Limited Company has 0% invested in Brooks Automation, Inc (NASDAQ:BRKS) for 11,931 shares. State Board Of Administration Of Florida Retirement Systems accumulated 0% or 97,773 shares. Invesco Limited, a Georgia-based fund reported 2.04 million shares. Citadel Advsr Limited Co accumulated 0% or 62,891 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 21 insider sales for $3.35 million net activity. On Wednesday, November 16 the insider Gray David C sold $239,046. Shares for $232,046 were sold by Tenney Maurice H. on Wednesday, November 16. Joseph Jason also sold $61,140 worth of Brooks Automation, Inc (NASDAQ:BRKS) shares. $972,407 worth of Brooks Automation, Inc (NASDAQ:BRKS) was sold by SCHWARTZ STEPHEN S on Wednesday, November 16. Shares for $104,242 were sold by Pietrantoni David on Wednesday, November 16. Davis Robyn C sold $46,530 worth of stock. Montone William T. sold 12,126 shares worth $186,134.
More recent Brooks Automation, Inc (NASDAQ:BRKS) news were published by: Nasdaq.com which released: “Brooks Automation (BRKS): Strong Industry, Solid Earnings Estimate Revisions” on November 21, 2016. Also Marketwatch.com published the news titled: “Virtual Stock Exchange” on December 21, 2009. Streetinsider.com‘s news article titled: “Form 4 BROOKS AUTOMATION INC For: Nov 16 Filed by: Pietrantoni David” with publication date: November 21, 2016 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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