November 23, 2016 - By Ellis Scott
The director of Brooks Automation Inc and firm’s insider Alfred Woollacott sold 10,000 shares of the corporation based on the average price of $16.4 a share. The insider shares have a value of precisely $164,100 U.S. Dollars. This deal decreased his ownership of Brooks Automation Inc to 0.11% market cap or 77,138 shares.
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 -18.71% below today’s ($16.46) stock price. Brooks Automation has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. On Tuesday, March 8 the stock rating was maintained by Credit Suisse with “Underperform”. As per Friday, August 14, the company rating was maintained by Citigroup. Needham maintained the shares of BRKS in a report on Friday, July 29 with “Buy” rating. The rating was maintained by B. Riley & Co on Thursday, February 4 with “Buy”. The company was maintained on Friday, November 6 by Needham. Needham maintained the shares of BRKS in a report on Friday, October 9 with “Buy” rating. Citigroup upgraded the stock to “Buy” rating in Wednesday, October 12 report.
Insitutional Activity: The institutional sentiment decreased to 1.16 in Q2 2016. Its down 0.15, from 1.31 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.
Moreover, Wcm Invest Mgmt Ca has 0.13% invested in Brooks Automation, Inc (NASDAQ:BRKS) for 750,323 shares. Louisiana State Employees Retirement System last reported 30,400 shares in the company. Moreover, Teachers Incorporated has 0% invested in Brooks Automation, Inc (NASDAQ:BRKS) for 109,380 shares. Federated Investors Pa holds 0.01% of its portfolio in Brooks Automation, Inc (NASDAQ:BRKS) for 448,113 shares. National Bank & Trust Of New York Mellon Corp holds 2.27M shares or 0.01% of its portfolio. Deprince Race And Zollo has 783,660 shares for 0.18% of their US portfolio. State Of Tennessee Treasury Department accumulated 0% or 53,460 shares. Moreover, Axa has 0% invested in Brooks Automation, Inc (NASDAQ:BRKS) for 97,328 shares. Principal Fincl Gru owns 482,868 shares or 0.01% of their US portfolio. North Star Invest Corp has 50,000 shares for 0.1% of their US portfolio. First Manhattan reported 15,288 shares or 0% of all its holdings. Metropolitan Life Insurance New York last reported 48,115 shares in the company. Texas Permanent School Fund accumulated 0.01% or 52,468 shares. Wells Fargo Co Mn accumulated 424,835 shares or 0% of the stock. Trexquant Lp holds 18,887 shares or 0.03% of its portfolio.
Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 21 selling transactions for $3.35 million net activity. Davis Robyn C had sold 3,000 shares worth $46,530 on Tuesday, November 15. Shares for $186,134 were sold by Joseph Jason on Wednesday, November 16. $34,590 worth of Brooks Automation, Inc (NASDAQ:BRKS) shares were sold by Montone William T. Shares for $82,058 were sold by Gray David C. SCHWARTZ STEPHEN S had sold 10,000 shares worth $150,000. Shares for $104,242 were sold by Pietrantoni David on Wednesday, November 16. On Wednesday, November 16 the insider Tenney Maurice H. sold $232,046.
The stock increased 1.35% or $0.22 during the last trading session, hitting $16.46. About 324,330 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. is a global well-known provider of automation, vacuum and instrumentation solutions for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences. The company has a market cap of $1.14 billion. The Firm operates in three divisions: Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems. It currently has negative earnings. The Brooks Product Solutions segment provides a variety of products and solutions that enable improved throughput and yield in controlled operating environments.
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.”
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.
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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By Ellis Scott