Weekly Analysts’ Ratings Changes for Intevac (IVAC)

Several brokerages have updated their recommendations and price targets on shares of Intevac (NASDAQ: IVAC) in the last few weeks:

  • 2/1/2018 – Intevac had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $12.00 price target on the stock. They wrote, “Results in-line; CY18 revenue guidance ahead of our estimates though modestly below consensus. Incremental color on oDLC adoption with a top 5 smartphone OEM give us increased confidence inflection in Vertex orders will transpire; continue to maintain a conservative view on timing. Reiterating Buy rating and 12-month price target of $12 as CY19 estimates unchanged.””
  • 2/1/2018 – Intevac had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $11.50 price target on the stock, down previously from $14.00.
  • 1/18/2018 – Intevac was upgraded by analysts at B. Riley to a “buy” rating.
  • 1/18/2018 – Intevac had its “buy” rating reaffirmed by analysts at Noble Financial.
  • 1/3/2018 – Intevac was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Intevac, Inc. is a leading supplier of static sputtering systems and related manufacturing equipment used to manufacture thin-film disks for computer hard disk drives. Sputtering is a complex vacuum deposition process used to deposit multiple thin-film layers on a disk. The company’s primary objective is to be the industry leader in supplying disk sputtering equipment by providing disk sputtering systems which have both the highest overall performance and the lowest cost of ownership in the industry. “
  • 12/21/2017 – Intevac was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Intevac, Inc. is a leading supplier of static sputtering systems and related manufacturing equipment used to manufacture thin-film disks for computer hard disk drives. Sputtering is a complex vacuum deposition process used to deposit multiple thin-film layers on a disk. The company’s primary objective is to be the industry leader in supplying disk sputtering equipment by providing disk sputtering systems which have both the highest overall performance and the lowest cost of ownership in the industry. “

Intevac, Inc. (IVAC) traded down $0.05 during trading hours on Thursday, reaching $6.30. The company’s stock had a trading volume of 88,583 shares, compared to its average volume of 99,588. The firm has a market capitalization of $139.05, a PE ratio of 35.00 and a beta of 0.90. Intevac, Inc. has a one year low of $6.16 and a one year high of $14.15.

Intevac (NASDAQ:IVAC) last announced its quarterly earnings data on Wednesday, January 31st. The electronics maker reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.01. The business had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $24.80 million. Intevac had a return on equity of 4.89% and a net margin of 3.65%. The company’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. equities research analysts predict that Intevac, Inc. will post 0.22 EPS for the current year.

In related news, major shareholder April Fund Ltd. 21 acquired 45,908 shares of Intevac stock in a transaction dated Friday, February 2nd. The shares were acquired at an average cost of $6.56 per share, for a total transaction of $301,156.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders bought 220,423 shares of company stock worth $1,448,164. Insiders own 13.90% of the company’s stock.

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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