Shares of Intevac, Inc. (NASDAQ:IVAC) have earned a consensus rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $12.50.
Several equities analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $14.00 price target on shares of Intevac in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Intevac from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine lowered shares of Intevac from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Maxim Group reissued a “buy” rating and issued a $12.00 price target on shares of Intevac in a report on Thursday, February 1st. Finally, Noble Financial reissued a “buy” rating on shares of Intevac in a report on Thursday, January 18th.
Shares of Intevac (NASDAQ:IVAC) traded down $0.03 during mid-day trading on Tuesday, hitting $6.25. 80,051 shares of the stock traded hands, compared to its average volume of 104,212. Intevac has a one year low of $6.09 and a one year high of $14.15. The firm has a market cap of $136.77, a price-to-earnings ratio of 34.72 and a beta of 0.90.
Intevac (NASDAQ:IVAC) last announced its quarterly earnings results on Wednesday, January 31st. The electronics maker reported $0.00 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analyst estimates of $24.80 million. During the same quarter in the previous year, the business earned $0.13 EPS. The firm’s revenue was down 14.5% on a year-over-year basis. research analysts anticipate that Intevac will post 0.22 EPS for the current year.
In related news, Director David S. Dury bought 5,000 shares of Intevac stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $6.23 per share, with a total value of $31,150.00. Following the purchase, the director now owns 34,000 shares in the company, valued at $211,820. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder April Fund Ltd. 21 bought 88,183 shares of Intevac stock in a transaction that occurred on Wednesday, January 31st. The stock was bought at an average cost of $6.81 per share, with a total value of $600,526.23. The disclosure for this purchase can be found here. Insiders bought a total of 342,515 shares of company stock valued at $2,209,956 in the last three months. 16.10% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors boosted its stake in Intevac by 695.2% in the 2nd quarter. Nationwide Fund Advisors now owns 12,350 shares of the electronics maker’s stock worth $137,000 after purchasing an additional 10,797 shares during the period. BlackRock Inc. boosted its stake in Intevac by 0.8% in the 4th quarter. BlackRock Inc. now owns 1,447,893 shares of the electronics maker’s stock worth $9,917,000 after purchasing an additional 11,556 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Intevac by 23.9% in the 4th quarter. TIAA CREF Investment Management LLC now owns 64,381 shares of the electronics maker’s stock worth $441,000 after purchasing an additional 12,404 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Intevac by 1,393.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,568 shares of the electronics maker’s stock worth $195,000 after purchasing an additional 16,392 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Intevac in the 2nd quarter worth $191,000. 71.23% of the stock is owned by hedge funds and other institutional investors.
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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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