Intevac, Inc. (IVAC) Holdings Boosted by OxFORD Asset Management LLP
OxFORD Asset Management LLP raised its holdings in Intevac, Inc. (NASDAQ:IVAC) by 835.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,312 shares of the electronics maker’s stock after buying an additional 194,081 shares during the quarter. OxFORD Asset Management LLP owned 1.00% of Intevac worth $2,412,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Ameriprise Financial Inc. bought a new stake in shares of Intevac during the first quarter valued at approximately $431,000. Oxford Asset Management bought a new stake in shares of Intevac during the first quarter valued at approximately $290,000. Bank of America Corp DE increased its holdings in shares of Intevac by 3.3% during the first quarter. Bank of America Corp DE now owns 30,897 shares of the electronics maker’s stock valued at $387,000 after acquiring an additional 1,000 shares in the last quarter. Essex Investment Management Co. LLC increased its holdings in shares of Intevac by 36.4% during the second quarter. Essex Investment Management Co. LLC now owns 205,771 shares of the electronics maker’s stock valued at $2,284,000 after acquiring an additional 54,920 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Intevac by 14.5% during the first quarter. Geode Capital Management LLC now owns 127,558 shares of the electronics maker’s stock valued at $1,593,000 after acquiring an additional 16,151 shares in the last quarter. 70.14% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: “Intevac, Inc. (IVAC) Holdings Boosted by OxFORD Asset Management LLP” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.watchlistnews.com/intevac-inc-ivac-holdings-boosted-by-oxford-asset-management-llp/1609937.html.
Shares of Intevac, Inc. (IVAC) opened at 8.20 on Thursday. The company has a market cap of $178.61 million, a P/E ratio of 33.20 and a beta of 1.04. Intevac, Inc. has a one year low of $5.60 and a one year high of $14.15. The company’s 50-day moving average price is $8.76 and its 200 day moving average price is $11.24.
Intevac (NASDAQ:IVAC) last posted its earnings results on Monday, July 31st. The electronics maker reported $0.05 EPS for the quarter. The business had revenue of $31.00 million during the quarter, compared to analyst estimates of $28.76 million. Intevac had a return on equity of 7.29% and a net margin of 4.68%. The company’s quarterly revenue was up 108.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.18) EPS. On average, equities research analysts anticipate that Intevac, Inc. will post $0.12 earnings per share for the current year.
Several research firms have recently commented on IVAC. BidaskClub upgraded Intevac from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Intevac from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Monday, July 17th. B. Riley restated a “buy” rating and set a $16.00 price objective on shares of Intevac in a report on Tuesday, August 1st. Benchmark Co. restated a “hold” rating on shares of Intevac in a report on Tuesday, August 1st. Finally, Roth Capital set a $14.00 price objective on Intevac and gave the company a “buy” rating in a report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $13.60.
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.
Receive News & Ratings for Intevac Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intevac Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.