Intevac, Inc. (IVAC) Holdings Lifted by Vanguard Group Inc.
Vanguard Group Inc. boosted its holdings in shares of Intevac, Inc. (NASDAQ:IVAC) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 868,575 shares of the electronics maker’s stock after acquiring an additional 40,865 shares during the period. Vanguard Group Inc. owned approximately 3.99% of Intevac worth $9,641,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. bought a new position in Intevac during the second quarter worth about $117,000. Nationwide Fund Advisors raised its stake in shares of Intevac by 695.2% in the 2nd quarter. Nationwide Fund Advisors now owns 12,350 shares of the electronics maker’s stock valued at $137,000 after purchasing an additional 10,797 shares during the period. Rhumbline Advisers acquired a new stake in shares of Intevac in the 2nd quarter valued at about $225,000. New York State Common Retirement Fund acquired a new stake in shares of Intevac in the 2nd quarter valued at about $231,000. Finally, Thrivent Financial For Lutherans acquired a new stake in shares of Intevac in the 2nd quarter valued at about $234,000. Hedge funds and other institutional investors own 68.41% of the company’s stock.
Shares of Intevac, Inc. (NASDAQ:IVAC) opened at $7.40 on Friday. Intevac, Inc. has a 12 month low of $6.15 and a 12 month high of $14.15. The stock has a market capitalization of $161.24, a PE ratio of 24.67 and a beta of 0.92.
Intevac (NASDAQ:IVAC) last released its quarterly earnings results on Monday, October 30th. The electronics maker reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $26.70 million for the quarter, compared to the consensus estimate of $25.50 million. Intevac had a return on equity of 8.80% and a net margin of 5.97%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) EPS. equities research analysts anticipate that Intevac, Inc. will post 0.11 earnings per share for the current year.
Several analysts have issued reports on IVAC shares. Maxim Group reissued a “buy” rating and issued a $12.00 price target on shares of Intevac in a research note on Friday, October 27th. Roth Capital set a $14.00 price target on Intevac and gave the company a “buy” rating in a research note on Friday, July 28th. Noble Financial reissued a “hold” rating on shares of Intevac in a research note on Wednesday, August 2nd. Zacks Investment Research raised Intevac from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Wednesday, August 2nd. Finally, B. Riley reissued a “buy” rating and issued a $14.00 price target on shares of Intevac in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $12.60.
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.
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