Intevac (IVAC) Rating Reiterated by Noble Financial
Intevac (NASDAQ:IVAC)‘s stock had its “buy” rating reaffirmed by Noble Financial in a research note issued to investors on Thursday.
Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Intevac from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. B. Riley reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Intevac in a report on Tuesday, October 31st. Benchmark reaffirmed a “hold” rating on shares of Intevac in a report on Tuesday, October 31st. Finally, Maxim Group reissued a “buy” rating and set a $12.00 price target on shares of Intevac in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $12.60.
Intevac (NASDAQ IVAC) traded up $0.30 during mid-day trading on Thursday, hitting $7.10. 70,732 shares of the stock traded hands, compared to its average volume of 122,491. The stock has a market cap of $161.53, a P/E ratio of 22.19 and a beta of 0.85. Intevac has a fifty-two week low of $6.20 and a fifty-two week high of $14.15.
A number of hedge funds and other institutional investors have recently made changes to their positions in IVAC. D.A. Davidson & CO. purchased a new stake in Intevac during the second quarter worth $117,000. Nationwide Fund Advisors boosted its holdings in Intevac by 695.2% during the second quarter. Nationwide Fund Advisors now owns 12,350 shares of the electronics maker’s stock worth $137,000 after buying an additional 10,797 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Intevac during the second quarter worth $191,000. The Manufacturers Life Insurance Company boosted its holdings in Intevac by 1,393.9% during the second quarter. The Manufacturers Life Insurance Company now owns 17,568 shares of the electronics maker’s stock worth $195,000 after buying an additional 16,392 shares in the last quarter. Finally, AIMZ Investment Advisors LLC purchased a new stake in Intevac during the third quarter worth $201,000. 70.11% of the stock is currently owned by hedge funds and other institutional investors.
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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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