Shares are trading at $32.34 just above $29.50, the 50 day moving average and significantly higher than the 200 day moving average of $26.30. The 50 day moving average went up $2.84 or +9.63% whereas the 200 day moving average was up $6.04 or +22.94%. (NASDAQ:BRKS) shares saw light trading volume with 481K shares changing hands by the end of trading on Tuesday. Volume was down 20.57% under the stocks average daily volume.
Traders are feeling more bearish on Brooks Automation, Inc. of late if you take into consideration the increase in short interest. The stock realized a rise in short interest of 14.36% as of September 29, 2017 from the last reporting period. Short interest grew from 889,100 to 1,016,787 over that period. The days to cover decreased to 1.0 and the percentage of shorted shares is 0.01% as of September 29.
The following firms have recently changed their position in BRKS. As of the end of the quarter Bank Of Montreal /can/ had disposed of 716 shares trimming its stake by 76.7%. The value of the investment in BRKS decreased from $20,000 to $7,000 decreasing 65.0% for the reporting period. As of quarter end Meeder Asset Management Inc had sold a total of 2,178 shares trimming its position 90.9%. The value of the investment in (BRKS) went from $52,000 to $7,000 a change of $45,000 quarter to quarter.
Shell Asset Management CO trimmed its holdings by selling 900 shares a decrease of 2.2%. Shell Asset Management CO owns 39,965 shares worth $1,213,000. The total value of its holdings increased 36.9%. As of the end of the quarter Alpha Windward LLC had acquired a total of 2,040 shares growing its holdings by 12.3%. The value of the company’s investment in Brooks Automation, Inc. increased from $360,000 to $567,000 a change of 57.5% since the last quarter.
Equity analyst Stifel Nicolaus raised the price target and upgraded the stock on August 7 changing the price objective from $15.00 to $32.00 and raising the rating from “Buy” to “Buy”. On August 7 the company was upgraded from “Buy” to “Buy” and a price target of $32.00 was set by Stifel Nicolaus.
In the market the company is trading up since yesterday’s close of 32.08. Additionally the company recently declared a dividend for shareholders that was paid on Friday the 29th of September 2017. The dividend was $0.100 per share for the quarter which is $0.40 annualized. The dividend yield was $1.25. The ex-dividend date was set for Thursday the 7th of September 2017.
The P/E ratio is currently 40.48 and the market cap is 2.17B. As of the last earnings report the EPS was $0.80 and is projected to be $1.18 for the current year with 67,248,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.29 and the next full year EPS is projected to be $1.36.
Brooks Automation, Inc., launched on November 14, 1994, is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through two segments: Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Company serves the semiconductor capital equipment market and sample management market for life sciences. Its offerings are also applied to industrial capital equipment and other adjacent technology markets. Its manufacturing operations include product assembly, integration and testing. Its manufacturing facilities are located in Chelmsford, Massachusetts; Monterrey, Mexico; Yongin-City, South Korea, and Manchester, the United Kingdom. The Company markets and sells its semiconductor products and services in Asia (including Japan), Europe, the Middle East and North America through its direct sales organization..