Headlines about Intevac (NASDAQ:IVAC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Intevac earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the electronics maker an impact score of 46.8558529975162 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern’s rankings:
- Why Intevac Inc’s (NASDAQ:IVAC) Ownership Structure Is Important (finance.yahoo.com)
- $24.75 Million in Sales Expected for Intevac, Inc. (IVAC) This Quarter (americanbankingnews.com)
- Brokerages Expect Intevac, Inc. (IVAC) Will Announce Earnings of -$0.12 Per Share (americanbankingnews.com)
- Intevac, Inc. (IVAC) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
IVAC has been the topic of several recent analyst reports. TheStreet downgraded shares of Intevac from a “c+” rating to a “d+” rating in a report on Monday, April 30th. Zacks Investment Research upgraded shares of Intevac from a “sell” rating to a “hold” rating in a report on Saturday, June 9th. ValuEngine upgraded shares of Intevac from a “sell” rating to a “hold” rating in a report on Monday, June 4th. Noble Financial downgraded shares of Intevac from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Finally, Maxim Group cut shares of Intevac from a “buy” rating to a “hold” rating and lowered their target price for the company from $12.00 to $6.50 in a research note on Tuesday, May 1st. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Intevac has a consensus rating of “Hold” and an average target price of $9.50.
Intevac traded down $0.03, reaching $4.67, on Thursday, MarketBeat Ratings reports. The stock had a trading volume of 155,500 shares, compared to its average volume of 170,601. The firm has a market cap of $107.33 million, a PE ratio of 27.79 and a beta of 0.81. Intevac has a 1-year low of $4.51 and a 1-year high of $12.25.
Intevac (NASDAQ:IVAC) last announced its earnings results on Monday, April 30th. The electronics maker reported ($0.23) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.23). Intevac had a negative net margin of 2.83% and a negative return on equity of 3.81%. The company had revenue of $17.97 million for the quarter, compared to analyst estimates of $17.90 million. During the same period in the prior year, the business earned $0.08 earnings per share. analysts expect that Intevac will post -0.25 earnings per share for the current fiscal year.
In other Intevac news, major shareholder April Fund Ltd. 21 acquired 222,000 shares of the business’s stock in a transaction that occurred on Monday, April 23rd. The shares were acquired at an average cost of $6.14 per share, for a total transaction of $1,363,080.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 506,749 shares of company stock worth $2,890,932 over the last 90 days. 7.00% of the stock is currently owned by company insiders.
Intevac Company Profile
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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