Intevac, Inc. (IVAC) Major Shareholder April Fund Ltd. 21 Purchases 35,272 Shares

Intevac, Inc. (NASDAQ:IVAC) major shareholder April Fund Ltd. 21 bought 35,272 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $6.21 per share, with a total value of $219,039.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

April Fund Ltd. 21 also recently made the following trade(s):

  • On Thursday, February 8th, April Fund Ltd. 21 acquired 21,300 shares of Intevac stock. The stock was acquired at an average cost of $6.32 per share, with a total value of $134,616.00.
  • On Tuesday, February 6th, April Fund Ltd. 21 acquired 86,332 shares of Intevac stock. The stock was acquired at an average cost of $6.33 per share, with a total value of $546,481.56.
  • On Friday, February 2nd, April Fund Ltd. 21 acquired 45,908 shares of Intevac stock. The stock was acquired at an average cost of $6.56 per share, with a total value of $301,156.48.
  • On Wednesday, January 31st, April Fund Ltd. 21 acquired 88,183 shares of Intevac stock. The stock was acquired at an average cost of $6.81 per share, with a total value of $600,526.23.

Shares of Intevac, Inc. (NASDAQ:IVAC) opened at $6.25 on Thursday. Intevac, Inc. has a 52 week low of $6.10 and a 52 week high of $14.15. The stock has a market cap of $138.36, a price-to-earnings ratio of 37.35 and a beta of 0.90.

Intevac (NASDAQ:IVAC) last announced its earnings results on Wednesday, January 31st. The electronics maker reported $0.00 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.01. The firm had revenue of $24.80 million for the quarter, compared to the consensus estimate of $24.80 million. Intevac had a net margin of 3.65% and a return on equity of 4.89%. The business’s quarterly revenue was down 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. equities research analysts predict that Intevac, Inc. will post 0.22 earnings per share for the current year.

IVAC has been the subject of several analyst reports. Maxim Group reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Intevac in a research note on Friday, October 27th. Noble Financial raised shares of Intevac from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Benchmark reaffirmed a “hold” rating on shares of Intevac in a research note on Tuesday, October 31st. B. Riley reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Intevac in a research note on Tuesday, October 31st. Finally, Zacks Investment Research lowered shares of Intevac from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Intevac currently has a consensus rating of “Hold” and an average price target of $12.10.

A number of institutional investors and hedge funds have recently made changes to their positions in IVAC. Nationwide Fund Advisors raised its holdings in Intevac by 695.2% in the 2nd quarter. Nationwide Fund Advisors now owns 12,350 shares of the electronics maker’s stock worth $137,000 after acquiring an additional 10,797 shares during the period. Alambic Investment Management L.P. bought a new position in Intevac in the 4th quarter worth $150,000. Cubist Systematic Strategies LLC bought a new position in Intevac in the 2nd quarter worth $191,000. The Manufacturers Life Insurance Company raised its holdings in Intevac by 1,393.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,568 shares of the electronics maker’s stock worth $195,000 after acquiring an additional 16,392 shares during the period. Finally, AIMZ Investment Advisors LLC bought a new position in Intevac in the 3rd quarter worth $201,000. Hedge funds and other institutional investors own 70.17% 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.

Insider Buying and Selling by Quarter for Intevac (NASDAQ:IVAC)

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