Intevac, Inc. (IVAC) Receives Average Rating of “Buy” from Analysts
Shares of Intevac, Inc. (NASDAQ:IVAC) have received an average recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $14.00.
A number of research analysts have issued reports on the company. B. Riley reiterated a “buy” rating and set a $16.00 price target on shares of Intevac in a research report on Tuesday, August 1st. BidaskClub upgraded Intevac from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered Intevac from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Noble Financial reiterated a “hold” rating on shares of Intevac in a research report on Wednesday, August 2nd. Finally, Benchmark Co. reiterated a “hold” rating on shares of Intevac in a research report on Tuesday, August 1st.
A number of hedge funds have recently made changes to their positions in the business. Navellier & Associates Inc boosted its position in Intevac by 96.2% during the 2nd quarter. Navellier & Associates Inc now owns 48,614 shares of the electronics maker’s stock worth $540,000 after acquiring an additional 23,835 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in Intevac by 19.4% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 27,324 shares of the electronics maker’s stock worth $304,000 after acquiring an additional 4,446 shares during the period. California State Teachers Retirement System acquired a new position in Intevac during the 2nd quarter worth $382,000. The Manufacturers Life Insurance Company boosted its position in Intevac by 1,393.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,568 shares of the electronics maker’s stock worth $195,000 after acquiring an additional 16,392 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Intevac by 100.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 40,342 shares of the electronics maker’s stock worth $448,000 after acquiring an additional 20,200 shares during the period. Institutional investors own 70.14% of the company’s stock.
Intevac (NASDAQ IVAC) remained flat at $8.55 during midday trading on Tuesday. 77,371 shares of the company’s stock were exchanged. Intevac has a 12-month low of $5.60 and a 12-month high of $14.15. The company has a 50-day moving average of $9.51 and a 200-day moving average of $11.52. The firm has a market capitalization of $186.24 million, a P/E ratio of 34.20 and a beta of 1.05.
Intevac (NASDAQ:IVAC) last issued its quarterly earnings data on Monday, July 31st. The electronics maker reported $0.05 EPS for the quarter. Intevac had a return on equity of 7.29% and a net margin of 4.68%. The firm had revenue of $31 million during the quarter, compared to the consensus estimate of $28.76 million. During the same period in the prior year, the business earned ($0.18) EPS. The firm’s revenue was up 108.1% on a year-over-year basis. Equities analysts predict that Intevac will post $0.12 EPS for the current year.
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.
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.