Shares of Intevac (NASDAQ:IVAC) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $9.00.
A number of analysts have recently commented on IVAC shares. B. Riley restated a “buy” rating and set a $11.50 price objective (down from $14.00) on shares of Intevac in a report on Thursday, February 1st. TheStreet downgraded Intevac from a “c+” rating to a “d+” rating in a report on Monday, April 30th. Noble Financial restated a “buy” rating on shares of Intevac in a report on Thursday, January 18th. Maxim Group restated a “buy” rating and set a $12.00 price objective on shares of Intevac in a report on Thursday, February 1st. Finally, ValuEngine upgraded Intevac from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd.
Intevac traded up $0.10, hitting $4.80, during trading on Friday, according to Marketbeat Ratings. The company’s stock had a trading volume of 6,500 shares, compared to its average volume of 162,871. The company has a market capitalization of $105.10 million, a PE ratio of 27.65 and a beta of 0.90. Intevac has a twelve month low of $4.75 and a twelve month high of $4.75.
Intevac (NASDAQ:IVAC) last issued its quarterly earnings results on Monday, April 30th. The electronics maker reported ($0.23) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.23). The company had revenue of $17.97 million during the quarter, compared to the consensus estimate of $17.90 million. Intevac had a negative return on equity of 3.81% and a negative net margin of 2.83%. During the same period in the previous year, the firm posted $0.08 EPS. research analysts anticipate that Intevac will post -0.25 earnings per share for the current year.
In other news, major shareholder April Fund Ltd. 21 acquired 222,000 shares of the company’s stock in a transaction dated Monday, April 23rd. The stock was acquired at an average cost of $6.14 per share, for a total transaction of $1,363,080.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have bought 543,878 shares of company stock valued at $3,121,725. Insiders own 13.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in IVAC. Wells Fargo & Company MN boosted its position in Intevac by 2,509,200.0% during the 3rd quarter. Wells Fargo & Company MN now owns 25,093 shares of the electronics maker’s stock worth $212,000 after purchasing an additional 25,092 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Intevac by 4.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 869,615 shares of the electronics maker’s stock valued at $7,348,000 after purchasing an additional 38,859 shares in the last quarter. Algert Global LLC raised its stake in shares of Intevac by 10.1% in the 4th quarter. Algert Global LLC now owns 273,553 shares of the electronics maker’s stock valued at $1,874,000 after purchasing an additional 25,001 shares in the last quarter. Alambic Investment Management L.P. acquired a new stake in shares of Intevac in the 4th quarter valued at about $150,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Intevac by 42.7% in the 4th quarter. Bank of New York Mellon Corp now owns 84,147 shares of the electronics maker’s stock valued at $576,000 after purchasing an additional 25,172 shares in the last quarter. 69.26% of the stock is owned by hedge funds and other institutional investors.
Intevac, Inc provides vacuum deposition equipment for various thin-film applications, and digital night-vision technologies and products to the defense industry in the United States, Asia, Europe, and internationally. It operates in two segments, Thin-Film Equipment and Photonics. The Thin-film Equipment segment designs, manufactures, markets, and services disk sputtering, etch and deposition, and disk lubrication systems; and offers upgrades, spares, and consumables, as well as provides process and applications support, customer training, installation, start-up assistance, and post-installation support services.
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