Intevac, Inc. (IVAC) CEO Sells $21,260.46 in Stock
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.
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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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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