Benchmark Co. restated their hold rating on shares of Intevac, Inc. (NASDAQ:IVAC) in a report released on Tuesday, August 1st.

IVAC has been the subject of several other research reports. Zacks Investment Research upgraded Intevac from a hold rating to a buy rating and set a $13.00 target price for the company in a research note on Monday, July 17th. Roth Capital set a $14.00 target price on Intevac and gave the stock a buy rating in a research note on Friday, July 28th. Maxim Group reiterated a buy rating and set a $15.00 price target on shares of Intevac in a research report on Tuesday, May 2nd. 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. Finally, BidaskClub upgraded Intevac from a sell rating to a hold rating in a research report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $13.60.

Intevac (NASDAQ IVAC) traded up 3.41% during midday trading on Tuesday, reaching $9.10. 118,114 shares of the company traded hands. The firm has a 50-day moving average price of $10.93 and a 200-day moving average price of $11.63. Intevac has a one year low of $5.60 and a one year high of $14.15. The firm has a market capitalization of $198.22 million, a price-to-earnings ratio of 36.84 and a beta of 1.02.

Intevac (NASDAQ:IVAC) last issued its earnings results 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 business had revenue of $31 million during the quarter, compared to the consensus estimate of $28.76 million. During the same quarter last year, the company earned ($0.18) EPS. The firm’s revenue was up 108.1% compared to the same quarter last year. Equities analysts predict that Intevac will post $0.12 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. purchased a new position in shares of Intevac during the second quarter worth $117,000. Acadian Asset Management LLC bought a new position in shares of Intevac during the first quarter worth approximately $127,000. Nationwide Fund Advisors boosted its position in shares of Intevac by 695.2% in 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 during the period. Acrospire Investment Management LLC boosted its position in shares of Intevac by 218.2% in the first quarter. Acrospire Investment Management LLC now owns 17,075 shares of the electronics maker’s stock worth $213,000 after buying an additional 11,709 shares during the period. Finally, Rhumbline Advisers bought a new position in shares of Intevac during the second quarter worth approximately $225,000. 66.07% of the stock is currently owned by institutional investors.

About Intevac

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.

Analyst Recommendations for Intevac (NASDAQ:IVAC)

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