Intevac, Inc. (NASDAQ:IVAC) – Research analysts at B. Riley issued their FY2017 earnings per share (EPS) estimates for Intevac in a report released on Monday. B. Riley analyst C. Ellis forecasts that the electronics maker will post earnings per share of $0.11 for the year. B. Riley currently has a “Buy” rating and a $11.50 price target on the stock. B. Riley also issued estimates for Intevac’s Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.13 EPS and FY2018 earnings at $0.44 EPS.
Several other equities research analysts also recently weighed in on the stock. Maxim Group restated a “buy” rating and issued a $12.00 target price on shares of Intevac in a research note on Thursday. Noble Financial restated a “buy” rating on shares of Intevac in a research note on Thursday, January 18th. Zacks Investment Research upgraded shares of Intevac from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Benchmark restated a “hold” rating on shares of Intevac in a research note 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.10.
Intevac (NASDAQ:IVAC) last released its quarterly earnings data on Wednesday, January 31st. The electronics maker reported $0.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.01. Intevac had a net margin of 5.97% and a return on equity of 8.80%. The firm had revenue of $24.80 million for the quarter, compared to the consensus estimate of $24.80 million. During the same period last year, the firm earned $0.13 earnings per share. The company’s quarterly revenue was down 14.5% on a year-over-year basis.
In related news, major shareholder April Fund Ltd. 21 purchased 88,183 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of $6.81 per share, with a total value of $600,526.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of IVAC. State Street Corp raised its holdings in shares of Intevac by 1,307.7% in the second quarter. State Street Corp now owns 246,157 shares of the electronics maker’s stock worth $2,732,000 after buying an additional 228,670 shares during the last quarter. OxFORD Asset Management LLP raised its holdings in shares of Intevac by 835.4% in the second quarter. OxFORD Asset Management LLP now owns 217,312 shares of the electronics maker’s stock worth $2,412,000 after buying an additional 194,081 shares during the last quarter. Algert Global LLC raised its holdings in shares of Intevac by 65.6% in the third quarter. Algert Global LLC now owns 248,552 shares of the electronics maker’s stock worth $2,100,000 after buying an additional 98,468 shares during the last quarter. QS Investors LLC purchased a new position in shares of Intevac in the second quarter worth $963,000. Finally, PDT Partners LLC purchased a new position in shares of Intevac in the second quarter worth $706,000. 70.00% of the stock is owned by institutional investors and hedge funds.
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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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