The stock of Brooks Automation, Inc (NASDAQ:BRKS) hit a new 52-week high and has $25.91 target or 64.00% above today’s $15.80 share price. The 9 months bullish chart indicates low risk for the $1.07B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $25.91 price target is reached, the company will be worth $684.80 million 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 238,039 shares traded hands. Brooks Automation, Inc (NASDAQ:BRKS) has risen 50.93% since April 15, 2016 and is uptrending. It has outperformed by 46.31% 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 -15.32% below today’s ($15.8) stock price. Brooks Automation has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was maintained by Needham on Friday, November 6 with “Buy”. The firm has “Underperform” rating given on Tuesday, March 8 by Credit Suisse. B. Riley & Co maintained Brooks Automation, Inc (NASDAQ:BRKS) on Thursday, February 4 with “Buy” rating. The firm has “Buy” rating by Citigroup given on Wednesday, October 12. Citigroup maintained Brooks Automation, Inc (NASDAQ:BRKS) on Friday, August 14 with “Neutral” rating. The stock has “Buy” rating given by Needham on Friday, July 29. The company was maintained on Friday, October 9 by Needham.
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.
Gemmer Asset Mngmt Limited Liability has 0% invested in the company for 92 shares. Wcm Mgmt Ca accumulated 750,323 shares or 0.13% of the stock. Moreover, Trexquant Ltd Partnership has 0.03% invested in Brooks Automation, Inc (NASDAQ:BRKS) for 18,887 shares. Ubs Asset Mgmt Americas Incorporated owns 29,497 shares or 0% of their US portfolio. Barrow Hanley Mewhinney And Strauss Ltd holds 5.74 million shares or 0.1% of its portfolio. D E Shaw &, a New York-based fund reported 128,203 shares. Blackrock Fund Advsr has invested 0.01% of its portfolio in Brooks Automation, Inc (NASDAQ:BRKS). Paloma, a Connecticut-based fund reported 12,333 shares. Cornerstone Cap Mgmt Limited holds 0% of its portfolio in Brooks Automation, Inc (NASDAQ:BRKS) for 4,100 shares. Legal General Grp Incorporated Pcl owns 11,931 shares or 0% of their US portfolio. Parametric Portfolio Associates Ltd Liability holds 0% or 138,518 shares in its portfolio. Principal Fincl Group Inc holds 482,868 shares or 0.01% of its portfolio. Tower Cap Ltd Company (Trc) reported 3,829 shares or 0% of all its holdings. Rice Hall James & Ltd Liability Com reported 200,287 shares or 0.13% of all its holdings. Creative Planning holds 624 shares or 0% of its portfolio.
Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 13 insider sales for $787,472 net activity. 1,422 shares were sold by Joseph Jason, worth $17,604. Shares for $62,500 were sold by Montone William T. on Wednesday, July 20. SCHWARTZ STEPHEN S also sold $150,000 worth of Brooks Automation, Inc (NASDAQ:BRKS) on Monday, November 14. 3,000 shares with value of $46,530 were sold by Davis Robyn C on Tuesday, November 15. Shares for $82,058 were sold by Gray David C.
Another recent and important Brooks Automation, Inc (NASDAQ:BRKS) news was published by Nasdaq.com which published an article titled: “Brooks Automation Inc. Q4 Earnings Climb 35%” on November 10, 2016.
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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