November 29, 2016 - By Ruchi Gupta
Stephen Schwartz, an insider of Brooks Automation Inc, currently CEO a few days ago disclosed a sizable deal with the Security and Exchange Commission. According to the electronic report, Stephen Schwartz purchased 10,000 shares of the Pinksheet-listed company, priced at $16.7 per share. $166,700 U.S Dollars was the deal’s value. The SEC document’s date was November 29, 2016. In the last month, he also unloaded 93,349 shares with value $1,430,507 USD. And, It’s sure Stephen’s deal isn’t going to remain disregarded as he currently is holding 654,339 shares – ( 0.99% of Brooks Automation Inc’s Market Cap ).
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 -19.78% below today’s ($16.68) stock price. Brooks Automation has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Credit Suisse on Tuesday, March 8. Needham maintained Brooks Automation, Inc (NASDAQ:BRKS) rating on Friday, October 9. Needham has “Buy” rating and $14 price target. The stock of Brooks Automation, Inc (NASDAQ:BRKS) has “Buy” rating given on Thursday, February 4 by B. Riley & Co. The firm has “Buy” rating by Needham given on Friday, July 29. The stock of Brooks Automation, Inc (NASDAQ:BRKS) earned “Buy” rating by Citigroup on Wednesday, October 12. On Friday, November 6 the stock rating was maintained by Needham with “Buy”. The firm earned “Neutral” rating on Friday, August 14 by Citigroup.
Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.15, from 1.31 in 2016Q1. The ratio dropped, 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, Eqis Capital Mngmt has 0.02% invested in Brooks Automation, Inc (NASDAQ:BRKS) for 21,731 shares. Louisiana State Employees Retirement System last reported 30,400 shares in the company. Paloma Prns Mngmt Communications holds 0% of its portfolio in Brooks Automation, Inc (NASDAQ:BRKS) for 12,333 shares. Natl Bank Of Montreal Can holds 2,079 shares or 0% of its portfolio. Legal And General Group Public Ltd Company accumulated 11,931 shares or 0% of the stock. Tower Cap Ltd Liability Co (Trc) holds 0% of its portfolio in Brooks Automation, Inc (NASDAQ:BRKS) for 3,829 shares. Invesco accumulated 2.04M shares or 0.01% of the stock. State Of Tennessee Treasury Department has 0% invested in the company for 53,460 shares. Zacks Investment Management owns 67,424 shares or 0.02% of their US portfolio. California State Teachers Retirement System holds 0% or 142,483 shares in its portfolio. Capstone Asset last reported 22,000 shares in the company. North Star Invest Corp accumulated 50,000 shares or 0.1% of the stock. Teachers reported 109,380 shares or 0% of all its holdings. Federated Investors Pa accumulated 448,113 shares or 0.01% of the stock. Geode Capital Management Llc last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 23 insider sales for $3.81 million net activity. SCHWARTZ STEPHEN S sold $150,000 worth of stock or 10,000 shares. Tenney Maurice H. sold $232,046 worth of stock or 15,117 shares. Joseph Jason sold $17,400 worth of Brooks Automation, Inc (NASDAQ:BRKS) on Tuesday, July 12. Jarzynka David sold $196,802 worth of Brooks Automation, Inc (NASDAQ:BRKS) on Wednesday, November 16. $239,046 worth of Brooks Automation, Inc (NASDAQ:BRKS) shares were sold by Gray David C. On Tuesday, November 22 the insider WOOLLACOTT ALFRED III sold $164,100. 12,126 shares were sold by Montone William T., worth $186,134 on Wednesday, November 16.
About 831,342 shares traded hands or 102.68% up from the average. Brooks Automation, Inc (NASDAQ:BRKS) has risen 63.60% since April 26, 2016 and is uptrending. It has outperformed by 58.34% 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 $1.15 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.”
Analysts await Brooks Automation, Inc (NASDAQ:BRKS) to report earnings on February, 1. They expect $0.20 earnings per share, up 900.00% or $0.18 from last year’s $0.02 per share. BRKS’s profit will be $13.79M for 20.85 P/E if the $0.20 EPS becomes a reality. After $0.22 actual earnings per share reported by Brooks Automation, Inc for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth.
More recent Brooks Automation, Inc (NASDAQ:BRKS) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Stanley Black & Decker, Brooks Automation and Sealed Air” on November 28, 2016. Also Streetinsider.com published the news titled: “Brooks Automation (BRKS) Acquires Cool Lab” on November 29, 2016. Globenewswire.com‘s news article titled: “Brooks Automation Announces Fiscal 2016 Fourth Quarter And Year-End Earnings ..” with publication date: October 24, 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 Ruchi Gupta