B. Riley Upgrades Intevac (IVAC) to Buy

B. Riley upgraded shares of Intevac (NASDAQ:IVAC) to a buy rating in a research report released on Thursday.

A number of other research analysts have also commented on IVAC. Zacks Investment Research lowered Intevac from a buy rating to a hold rating in a report on Wednesday, September 27th. Maxim Group reissued a buy rating and set a $13.00 price objective on shares of Intevac in a report on Wednesday, October 11th. Noble Financial raised Intevac from a hold rating to a buy rating in a report on Tuesday, October 31st. Finally, Benchmark reissued a hold rating on shares of Intevac in a report on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $12.60.

Intevac (IVAC) opened at $7.10 on Thursday. The company has a market capitalization of $154.70, a PE ratio of 22.90 and a beta of 0.85. Intevac has a fifty-two week low of $6.20 and a fifty-two week high of $14.15.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings data on Monday, October 30th. The electronics maker reported $0.04 EPS for the quarter. The business had revenue of $26.70 million for the quarter, compared to analyst estimates of $25.50 million. Intevac had a return on equity of 8.80% and a net margin of 5.97%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) EPS. equities research analysts anticipate that Intevac will post 0.17 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd lifted its position in shares of Intevac by 19.4% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 27,324 shares of the electronics maker’s stock worth $304,000 after acquiring an additional 4,446 shares during the period. D.A. Davidson & CO. bought a new stake in shares of Intevac in the 2nd quarter worth approximately $117,000. Nationwide Fund Advisors lifted its position in shares of 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 acquiring an additional 10,797 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of 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 acquiring an additional 16,392 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Intevac in the 2nd quarter worth approximately $191,000. Hedge funds and other institutional investors own 70.11% of the company’s stock.

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About Intevac

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.

Analyst Recommendations for Intevac (NASDAQ:IVAC)

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