Intevac, Inc. (IVAC) Rating Reiterated by Maxim Group
Intevac, Inc. (NASDAQ:IVAC)‘s stock had its “buy” rating reaffirmed by stock analysts at Maxim Group in a report issued on Wednesday. They currently have a $13.00 target price on the electronics maker’s stock. Maxim Group’s target price indicates a potential upside of 60.49% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. 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 report on Monday, July 17th. B. Riley reiterated a “buy” rating and issued a $16.00 price objective on shares of Intevac in a report on Tuesday, August 1st. Roth Capital set a $14.00 price objective on Intevac and gave the stock a “buy” rating in a report on Friday, July 28th. Noble Financial reiterated a “hold” rating on shares of Intevac in a report on Wednesday, August 2nd. Finally, Benchmark Co. reiterated a “hold” rating on shares of Intevac in a report on Tuesday, August 1st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Intevac currently has a consensus rating of “Hold” and an average target price of $10.82.
Shares of Intevac (IVAC) traded down 0.309% during trading on Wednesday, reaching $8.075. The company’s stock had a trading volume of 61,916 shares. The stock has a market cap of $175.89 million, a price-to-earnings ratio of 32.300 and a beta of 1.04. Intevac has a 52-week low of $5.60 and a 52-week high of $14.15. The stock’s 50 day moving average price is $8.67 and its 200-day moving average price is $11.13.
Intevac (NASDAQ:IVAC) last released its quarterly earnings data on Monday, July 31st. The electronics maker reported $0.05 earnings per share for the quarter. Intevac had a return on equity of 7.29% and a net margin of 4.68%. The business had revenue of $31.00 million during the quarter, compared to analysts’ expectations of $28.76 million. During the same quarter last year, the business posted ($0.18) EPS. The business’s revenue was up 108.1% on a year-over-year basis. Equities analysts anticipate that Intevac will post $0.12 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Navellier & Associates Inc lifted its holdings in Intevac by 96.2% in the 2nd quarter. Navellier & Associates Inc now owns 48,614 shares of the electronics maker’s stock worth $540,000 after buying an additional 23,835 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in shares of Intevac by 19.4% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 27,324 shares of the electronics maker’s stock valued at $304,000 after purchasing an additional 4,446 shares during the period. California State Teachers Retirement System purchased a new position in shares of Intevac in the 2nd quarter valued at approximately $382,000. The Manufacturers Life Insurance Company lifted its stake in shares of 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 valued at $195,000 after purchasing an additional 16,392 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Intevac by 100.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 40,342 shares of the electronics maker’s stock valued at $448,000 after purchasing an additional 20,200 shares during the period. Institutional investors and hedge funds own 70.14% of the company’s stock.
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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