Several other brokerages have also recently issued reports on IVAC. BidaskClub raised shares of Intevac from a sell rating to a hold rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Intevac from a hold rating to a buy rating and set a $13.00 price target on the stock in a research report on Monday, July 17th. Benchmark Co. reissued a hold rating on shares of Intevac in a research report on Tuesday, August 1st. Roth Capital set a $14.00 price target on shares of Intevac and gave the stock a buy rating in a research report on Friday, July 28th. Finally, Noble Financial reissued a hold rating on shares of Intevac in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $12.60.
Intevac (NASDAQ IVAC) traded down 3.57% during midday trading on Tuesday, hitting $8.10. 46,202 shares of the stock traded hands. The company’s 50-day moving average is $8.39 and its 200 day moving average is $10.69. The firm has a market cap of $176.43 million, a P/E ratio of 32.79 and a beta of 1.04. Intevac has a 12-month low of $5.60 and a 12-month high of $14.15.
Intevac (NASDAQ:IVAC) last issued its quarterly earnings results on Monday, October 30th. The electronics maker reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $26.70 million for the quarter, compared to analysts’ expectations of $25.50 million. Intevac had a net margin of 5.97% and a return on equity of 8.95%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) earnings per share. On average, analysts anticipate that Intevac will post $0.12 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in Intevac by 3.3% in the first quarter. Bank of America Corp DE now owns 30,897 shares of the electronics maker’s stock valued at $387,000 after acquiring an additional 1,000 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Intevac by 19.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 27,324 shares of the electronics maker’s stock valued at $304,000 after acquiring an additional 4,446 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in Intevac in the second quarter valued at approximately $117,000. Nationwide Fund Advisors raised its holdings in Intevac by 695.2% in the second quarter. Nationwide Fund Advisors now owns 12,350 shares of the electronics maker’s stock valued at $137,000 after acquiring an additional 10,797 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Intevac by 14.5% in the first quarter. Geode Capital Management LLC now owns 127,558 shares of the electronics maker’s stock valued at $1,593,000 after acquiring an additional 16,151 shares in the last quarter. 69.76% of the stock is currently owned by hedge funds and other institutional investors.
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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