97,604 Shares in Intevac, Inc. (IVAC) Purchased by Marshall Wace North America L.P.
Marshall Wace North America L.P. acquired a new position in shares of Intevac, Inc. (NASDAQ:IVAC) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 97,604 shares of the electronics maker’s stock, valued at approximately $1,074,000. Marshall Wace North America L.P. owned approximately 0.46% of Intevac at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in Intevac during the 1st quarter worth about $127,000. Rhumbline Advisers purchased a new stake in Intevac during the 2nd quarter worth about $225,000. Dynamic Technology Lab Private Ltd purchased a new stake in Intevac during the 1st quarter worth about $286,000. Oxford Asset Management purchased a new stake in Intevac during the 1st quarter worth about $290,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in Intevac during the 1st quarter worth about $312,000. Hedge funds and other institutional investors own 70.14% of the company’s stock.
IVAC has been the subject of a number of recent research reports. Roth Capital set a $14.00 price objective on Intevac and gave the stock a “buy” rating in a research report on Friday, July 28th. BidaskClub upgraded Intevac from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Intevac from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Monday, July 17th. Noble Financial reiterated a “hold” rating on shares of Intevac in a research report on Wednesday, August 2nd. Finally, Benchmark Co. reiterated a “hold” rating on shares of Intevac in a research report on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Intevac presently has an average rating of “Buy” and an average price target of $13.60.
Shares of Intevac, Inc. (IVAC) opened at 8.55 on Friday. The company’s 50-day moving average price is $9.51 and its 200-day moving average price is $11.52. The stock has a market cap of $186.24 million, a PE ratio of 34.62 and a beta of 1.05. Intevac, Inc. has a 52-week low of $5.60 and a 52-week high of $14.15.
Intevac (NASDAQ:IVAC) last announced its earnings results on Monday, July 31st. The electronics maker reported $0.05 EPS for the quarter. Intevac had a return on equity of 7.29% and a net margin of 4.68%. The business had revenue of $31 million during the quarter, compared to the consensus estimate of $28.76 million. During the same period in the prior year, the business posted ($0.18) earnings per share. Intevac’s revenue was up 108.1% compared to the same quarter last year. Analysts expect that Intevac, Inc. will post $0.12 earnings per share for the current year.
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.
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