Analysts Set Intevac, Inc. (IVAC) PT at $6.00

Intevac, Inc. (NASDAQ:IVAC) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.00.

A number of equities research analysts recently weighed in on IVAC shares. Benchmark restated a “buy” rating and set a $7.00 price objective on shares of Intevac in a research note on Thursday, January 31st. ValuEngine upgraded shares of Intevac from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. Zacks Investment Research upgraded shares of Intevac from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research note on Wednesday, January 9th. TheStreet upgraded shares of Intevac from a “d+” rating to a “c+” rating in a research note on Wednesday, January 30th. Finally, Maxim Group restated a “hold” rating on shares of Intevac in a research note on Tuesday, October 30th.

In other Intevac news, EVP Timothy Justyn sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $5.41, for a total value of $54,100.00. Following the sale, the executive vice president now directly owns 104,764 shares in the company, valued at $566,773.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.00% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Ancora Advisors LLC raised its position in Intevac by 11.7% in the fourth quarter. Ancora Advisors LLC now owns 281,512 shares of the electronics maker’s stock worth $1,472,000 after acquiring an additional 29,515 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in Intevac by 98.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 38,642 shares of the electronics maker’s stock worth $202,000 after acquiring an additional 19,189 shares in the last quarter. Bank of America Corp DE raised its position in Intevac by 370.0% in the fourth quarter. Bank of America Corp DE now owns 94,000 shares of the electronics maker’s stock worth $492,000 after acquiring an additional 74,000 shares in the last quarter. Barclays PLC raised its position in Intevac by 1,014.6% in the fourth quarter. Barclays PLC now owns 100,567 shares of the electronics maker’s stock worth $526,000 after acquiring an additional 91,544 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Intevac by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,373,726 shares of the electronics maker’s stock worth $7,185,000 after acquiring an additional 41,331 shares in the last quarter. Hedge funds and other institutional investors own 59.47% of the company’s stock.

Shares of NASDAQ IVAC traded up $0.60 during midday trading on Tuesday, reaching $6.08. 256,691 shares of the company traded hands, compared to its average volume of 101,521. Intevac has a 52 week low of $4.21 and a 52 week high of $7.55. The stock has a market cap of $129.79 million, a P/E ratio of -32.00 and a beta of 0.59.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings data on Wednesday, January 30th. The electronics maker reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Intevac had a net margin of 3.77% and a negative return on equity of 5.36%. The business had revenue of $31.58 million for the quarter, compared to analysts’ expectations of $34.50 million. Analysts expect that Intevac will post 0.03 EPS for the current year.

About Intevac

Intevac, Inc provides vacuum deposition equipment for various thin-film applications, and digital night-vision technologies and products to the defense industry in the United States, Asia, Europe, and internationally. It operates in two segments, Thin-Film Equipment and Photonics. The Thin-film Equipment segment designs, manufactures, markets, and services disk sputtering, etch and deposition, and disk lubrication systems; and offers upgrades, spares, and consumables, as well as provides process and applications support, customer training, installation, start-up assistance, and post-installation support services.

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