Intevac (IVAC) Rating Increased to Buy at B. Riley

B. Riley upgraded shares of Intevac (NASDAQ:IVAC) to a buy rating in a research report sent to investors on Thursday morning.

Several other equities analysts have also recently issued reports on IVAC. Noble Financial restated a buy rating on shares of Intevac in a research note on Thursday. Zacks Investment Research upgraded Intevac from a sell rating to a hold rating in a research note on Wednesday, January 3rd. Benchmark restated a hold rating on shares of Intevac in a research note on Tuesday, October 31st. Finally, Maxim Group restated a buy rating and set a $13.00 price objective on shares of Intevac in a research note on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $12.60.

Intevac (NASDAQ:IVAC) traded up $0.30 during trading on Thursday, hitting $7.10. The stock had a trading volume of 69,337 shares, compared to its average volume of 59,954. The stock has a market cap of $154.70, a PE ratio of 22.90 and a beta of 0.85. Intevac has a 12 month low of $6.20 and a 12 month high of $14.15.

Intevac (NASDAQ:IVAC) last released its earnings results on Monday, October 30th. The electronics maker reported $0.04 EPS for the quarter. The company had revenue of $26.70 million during the quarter, compared to analysts’ expectations of $25.50 million. Intevac had a return on equity of 8.80% and a net margin of 5.97%. The business’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) EPS. equities analysts forecast that Intevac will post 0.17 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of IVAC. State Street Corp lifted its stake in Intevac by 1,307.7% in the second quarter. State Street Corp now owns 246,157 shares of the electronics maker’s stock valued at $2,732,000 after buying an additional 228,670 shares during the last quarter. OxFORD Asset Management LLP lifted its stake in Intevac by 835.4% in the second quarter. OxFORD Asset Management LLP now owns 217,312 shares of the electronics maker’s stock valued at $2,412,000 after buying an additional 194,081 shares during the last quarter. Algert Global LLC lifted its stake in Intevac by 65.6% in the third quarter. Algert Global LLC now owns 248,552 shares of the electronics maker’s stock valued at $2,100,000 after buying an additional 98,468 shares during the last quarter. QS Investors LLC bought a new stake in Intevac in the second quarter valued at $963,000. Finally, Hillsdale Investment Management Inc. bought a new stake in Intevac in the second quarter valued at $834,000. Institutional investors own 70.11% of the company’s stock.

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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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