Analysts Set Intevac, Inc. (IVAC) Price Target at $15.00
Shares of Intevac, Inc. (NASDAQ:IVAC) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $15.00.
Several brokerages have issued reports on IVAC. Zacks Investment Research lowered Intevac from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. B. Riley restated a “buy” rating and issued a $16.00 target price on shares of Intevac in a research note on Sunday, August 6th. Noble Financial restated a “hold” rating on shares of Intevac in a research note on Wednesday, August 2nd. Benchmark Co. restated a “hold” rating on shares of Intevac in a research note on Tuesday, August 1st. Finally, Roth Capital set a $14.00 target price on Intevac and gave the company a “buy” rating in a research note on Friday, July 28th.
Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Intevac by 4.9% in the second quarter. Vanguard Group Inc. now owns 868,575 shares of the electronics maker’s stock valued at $9,641,000 after buying an additional 40,865 shares during the period. Renaissance Technologies LLC raised its stake in shares of Intevac by 36.2% during the 1st quarter. Renaissance Technologies LLC now owns 510,485 shares of the electronics maker’s stock valued at $6,381,000 after purchasing an additional 135,632 shares during the period. State Street Corp raised its stake in shares of Intevac by 1,307.7% during the 2nd quarter. State Street Corp now owns 246,157 shares of the electronics maker’s stock valued at $2,732,000 after purchasing an additional 228,670 shares during the period. OxFORD Asset Management LLP raised its stake in shares of Intevac by 835.4% during the 2nd quarter. OxFORD Asset Management LLP now owns 217,312 shares of the electronics maker’s stock valued at $2,412,000 after purchasing an additional 194,081 shares during the period. Finally, Essex Investment Management Co. LLC raised its stake in shares of Intevac by 36.4% during the 2nd quarter. Essex Investment Management Co. LLC now owns 205,771 shares of the electronics maker’s stock valued at $2,284,000 after purchasing an additional 54,920 shares during the period. Hedge funds and other institutional investors own 70.14% of the company’s stock.
Intevac (NASDAQ:IVAC) traded down 0.61% during midday trading on Friday, reaching $8.15. The company had a trading volume of 99,280 shares. The firm has a market capitalization of $177.52 million, a price-to-earnings ratio of 33.00 and a beta of 1.04. The stock’s 50 day moving average is $8.76 and its 200 day moving average is $11.24. Intevac has a 12-month low of $5.60 and a 12-month high of $14.15.
Intevac (NASDAQ:IVAC) last posted its quarterly earnings data on Monday, July 31st. The electronics maker reported $0.05 earnings per share for the quarter. The business had revenue of $31.00 million for the quarter, compared to analysts’ expectations of $28.76 million. Intevac had a return on equity of 7.29% and a net margin of 4.68%. The business’s revenue was up 108.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. Equities research analysts expect that Intevac will post $0.12 earnings per share for the current year.
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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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