Intevac, Inc. (NASDAQ:IVAC) CEO Wendell Thomas Blonigan sold 3,783 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $5.62, for a total transaction of $21,260.46. Following the sale, the chief executive officer now directly owns 242,545 shares in the company, valued at $1,363,102.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of IVAC traded down $0.16 during mid-day trading on Friday, hitting $5.52. 102,361 shares of the company traded hands, compared to its average volume of 69,986. Intevac, Inc. has a one year low of $4.21 and a one year high of $6.54. The stock has a market capitalization of $130.41 million, a P/E ratio of -29.05 and a beta of 0.52.

Intevac (NASDAQ:IVAC) last announced its quarterly earnings data on Monday, April 29th. The electronics maker reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. Intevac had a net margin of 6.20% and a negative return on equity of 2.04%. The firm had revenue of $24.83 million for the quarter, compared to analysts’ expectations of $23.50 million. As a group, sell-side analysts anticipate that Intevac, Inc. will post 0.03 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its stake in Intevac by 2.4% in the first quarter. Northern Trust Corp now owns 77,694 shares of the electronics maker’s stock valued at $476,000 after acquiring an additional 1,857 shares during the last quarter. Oxford Asset Management LLP boosted its stake in Intevac by 6.3% in the first quarter. Oxford Asset Management LLP now owns 84,695 shares of the electronics maker’s stock valued at $519,000 after acquiring an additional 5,052 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Intevac by 11,949.4% in the first quarter. JPMorgan Chase & Co. now owns 9,278 shares of the electronics maker’s stock valued at $57,000 after acquiring an additional 9,201 shares during the last quarter. Vanguard Group Inc. boosted its stake in Intevac by 1.0% in the third quarter. Vanguard Group Inc. now owns 1,075,608 shares of the electronics maker’s stock valued at $5,593,000 after acquiring an additional 10,862 shares during the last quarter. Finally, Vanguard Group Inc boosted its stake in Intevac by 1.0% in the third quarter. Vanguard Group Inc now owns 1,075,608 shares of the electronics maker’s stock valued at $5,593,000 after acquiring an additional 10,862 shares during the last quarter. 60.70% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on IVAC. Zacks Investment Research raised shares of Intevac from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research note on Thursday, May 2nd. TheStreet raised shares of Intevac from a “d+” rating to a “c+” rating in a research note on Wednesday, January 30th. ValuEngine raised shares of Intevac from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Finally, Benchmark reissued a “buy” rating and set a $7.00 price target on shares of Intevac in a research note on Thursday, January 31st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $5.75.

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About Intevac

Intevac, Inc provides vacuum deposition equipment for various thin-film applications, and digital night-vision technologies and products to the defense industry in the United States, Asia, Europe, and internationally. The company operates through two segments, Thin-Film Equipment and Photonics. The Thin-Film Equipment segment designs and develops thin-film processing systems that are applied in hard disk drive media, display cover panel, and solar photovoltaic markets.

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