Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Intevac (IVAC) Share Price
Media coverage about Intevac (NASDAQ:IVAC) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Intevac earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the electronics maker an impact score of 45.5010845918171 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- Intevac to Present Fan-Out Packaging Results at IMAPS Device Packaging Conference 2018 (finance.yahoo.com)
- Intevac, Inc. (IVAC) Shares Sold by Fuller & Thaler Asset Management Inc. (americanbankingnews.com)
- $17.90 Million in Sales Expected for Intevac, Inc. (IVAC) This Quarter (americanbankingnews.com)
- Intevac, Inc. (IVAC) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Intevac, Inc. (IVAC) Expected to Post Earnings of -$0.24 Per Share (americanbankingnews.com)
Shares of Intevac (IVAC) traded up $0.10 on Friday, reaching $6.80. The company’s stock had a trading volume of 127,575 shares, compared to its average volume of 125,280. Intevac has a 52-week low of $6.00 and a 52-week high of $14.15. The company has a market cap of $150.00, a P/E ratio of 37.78 and a beta of 0.98.
IVAC has been the subject of several analyst reports. Zacks Investment Research downgraded Intevac from a “hold” rating to a “sell” rating in a research report on Friday, December 8th. B. Riley upgraded Intevac to a “buy” rating in a research report on Thursday, January 18th. Maxim Group reiterated a “buy” rating and issued a $12.00 price objective on shares of Intevac in a research report on Thursday, February 1st. Noble Financial reiterated a “buy” rating on shares of Intevac in a research report on Thursday, January 18th. Finally, ValuEngine downgraded Intevac from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Intevac has a consensus rating of “Hold” and a consensus price target of $12.10.
In other news, major shareholder April Fund Ltd. 21 bought 33,120 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was bought at an average price of $6.23 per share, for a total transaction of $206,337.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David S. Dury bought 5,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $6.23 per share, with a total value of $31,150.00. Following the transaction, the director now owns 34,000 shares of the company’s stock, valued at $211,820. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 342,515 shares of company stock valued at $2,209,956. 13.90% of the stock is currently owned by corporate insiders.
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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