Intevac (IVAC) Earns Coverage Optimism Score of 0.20

Press coverage about Intevac (NASDAQ:IVAC) has been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Intevac earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the electronics maker an impact score of 46.3319669978135 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of Intevac stock traded down $0.20 during trading on Monday, hitting $6.30. 96,202 shares of the company’s stock traded hands, compared to its average volume of 112,794. The company has a market cap of $143.39, a PE ratio of 35.11 and a beta of 0.98. Intevac has a 52 week low of $6.00 and a 52 week high of $14.15.

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Intevac (NASDAQ:IVAC) last issued its earnings results on Wednesday, January 31st. The electronics maker reported $0.00 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.01. The company had revenue of $24.80 million during the quarter, compared to analysts’ expectations of $24.80 million. Intevac had a net margin of 3.65% and a return on equity of 4.89%. The business’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. research analysts forecast that Intevac will post 0.22 earnings per share for the current year.

Several research analysts recently weighed in on the stock. ValuEngine cut shares of Intevac from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Zacks Investment Research upgraded shares of Intevac from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. B. Riley upgraded shares of Intevac to a “buy” rating in a research report on Thursday, January 18th. Maxim Group restated a “buy” rating and issued a $12.00 price objective on shares of Intevac in a research report on Thursday, February 1st. Finally, Noble Financial restated a “buy” rating on shares of Intevac in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Intevac has a consensus rating of “Hold” and an average price target of $12.10.

In other Intevac news, Director David S. Dury bought 5,000 shares of the company’s stock in a transaction on Friday, February 9th. The stock was bought at an average price of $6.23 per share, for a total transaction of $31,150.00. Following the transaction, the director now owns 34,000 shares of the company’s stock, valued at approximately $211,820. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder April Fund Ltd. 21 bought 88,183 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were acquired at an average price of $6.81 per share, with a total value of $600,526.23. The disclosure for this purchase can be found here. Insiders have acquired a total of 342,515 shares of company stock valued at $2,209,956 in the last quarter. Corporate insiders own 16.10% of the company’s stock.

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Intevac Company Profile

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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