Royce & Associates LP increased its holdings in shares of Intevac, Inc. (NASDAQ:IVAC) by 24.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,741,646 shares of the electronics maker’s stock after buying an additional 338,871 shares during the period. Royce & Associates LP owned about 7.99% of Intevac worth $11,930,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. increased its stake in Intevac by 0.8% during the 4th quarter. BlackRock Inc. now owns 1,447,893 shares of the electronics maker’s stock worth $9,917,000 after buying an additional 11,556 shares during the period. Dimensional Fund Advisors LP increased its stake in Intevac by 4.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 869,615 shares of the electronics maker’s stock worth $7,348,000 after buying an additional 38,859 shares during the period. Vanguard Group Inc. increased its stake in Intevac by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 868,575 shares of the electronics maker’s stock worth $9,641,000 after buying an additional 40,865 shares during the period. Algert Global LLC increased its stake in Intevac by 10.1% during the 4th quarter. Algert Global LLC now owns 273,553 shares of the electronics maker’s stock worth $1,874,000 after buying an additional 25,001 shares during the period. Finally, State Street Corp increased its stake in Intevac by 1,307.7% during the 2nd quarter. State Street Corp now owns 246,157 shares of the electronics maker’s stock worth $2,732,000 after buying an additional 228,670 shares during the period. 71.23% of the stock is currently owned by hedge funds and other institutional investors.
In other news, major shareholder April Fund Ltd. 21 acquired 33,120 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were bought at an average cost of $6.23 per share, with a total value of $206,337.60. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David S. Dury acquired 5,000 shares of the company’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $6.23 per share, for a total transaction of $31,150.00. Following the completion of the transaction, the director now owns 34,000 shares in the company, valued at approximately $211,820. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 338,506 shares of company stock worth $2,185,501. Insiders own 13.90% of the company’s stock.
Shares of Intevac, Inc. (NASDAQ IVAC) opened at $6.20 on Friday. Intevac, Inc. has a 52-week low of $6.09 and a 52-week high of $14.15. The company has a market cap of $136.77, a P/E ratio of 36.47 and a beta of 0.90.
Intevac (NASDAQ:IVAC) last announced its quarterly earnings data on Wednesday, January 31st. The electronics maker reported $0.00 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.01. Intevac had a net margin of 3.65% and a return on equity of 4.89%. The company had revenue of $24.80 million for the quarter, compared to the consensus estimate of $24.80 million. During the same period in the prior year, the firm posted $0.13 EPS. The company’s quarterly revenue was down 14.5% compared to the same quarter last year. analysts anticipate that Intevac, Inc. will post 0.22 EPS for the current year.
Several equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of Intevac from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Zacks Investment Research raised shares of Intevac from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. B. Riley raised shares of Intevac to a “buy” rating in a research note on Thursday, January 18th. Maxim Group reaffirmed a “buy” rating and set a $12.00 target price on shares of Intevac in a research note on Thursday, February 1st. Finally, Noble Financial reaffirmed a “buy” rating on shares of Intevac in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.10.
Intevac Company Profile
Intevac, Inc (Intevac) is a provider of vacuum deposition equipment for a range of thin-film applications, and digital night-vision technologies and products to the defense industry. The Company’s segments include Thin-film Equipment and Photonics. The Company designs, manufactures, markets and services capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks that are used in hard disk drives.
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