Brokerages Set Intevac, Inc. (IVAC) PT at $14.33
Intevac, Inc. (NASDAQ:IVAC) has received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $14.67.
IVAC has been the subject of a number of research reports. Zacks Investment Research raised shares of 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 shares of Intevac and gave the stock a “buy” rating in a research note on Friday, July 28th. Maxim Group reissued a “buy” rating and set a $13.00 target price on shares of Intevac in a research note on Wednesday, October 11th. Noble Financial reissued a “hold” rating on shares of Intevac in a research note on Wednesday, August 2nd. Finally, Benchmark Co. reissued a “hold” rating on shares of Intevac in a research note on Tuesday, August 1st.
Intevac (IVAC) traded down 7.78% on Wednesday, hitting $8.30. 195,436 shares of the company’s stock traded hands. Intevac has a one year low of $5.60 and a one year high of $14.15. The stock has a 50-day moving average of $8.42 and a 200-day moving average of $10.77. The stock has a market cap of $180.79 million, a PE ratio of 33.60 and a beta of 1.05.
Intevac (NASDAQ:IVAC) last released its earnings results on Monday, October 30th. The electronics maker reported $0.04 EPS for the quarter. The business had revenue of $26.70 million during the quarter, compared to analysts’ expectations of $25.50 million. Intevac had a net margin of 4.68% and a return on equity of 7.29%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.02) earnings per share. On average, equities analysts forecast that Intevac will post $0.12 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of IVAC. State Street Corp boosted its position in Intevac by 1,307.7% during the second quarter. State Street Corp now owns 246,157 shares of the electronics maker’s stock worth $2,732,000 after acquiring an additional 228,670 shares during the last quarter. OxFORD Asset Management LLP boosted its position in Intevac by 835.4% during the second quarter. OxFORD Asset Management LLP now owns 217,312 shares of the electronics maker’s stock worth $2,412,000 after acquiring an additional 194,081 shares during the last quarter. Renaissance Technologies LLC boosted its position in Intevac by 36.2% during the first quarter. Renaissance Technologies LLC now owns 510,485 shares of the electronics maker’s stock worth $6,381,000 after acquiring an additional 135,632 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Intevac during the first quarter worth about $1,337,000. Finally, Marshall Wace North America L.P. acquired a new position in Intevac during the second quarter worth about $1,074,000. Hedge funds and other institutional investors own 69.76% of the company’s stock.
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.