Intevac, Inc. (NASDAQ:IVAC)‘s stock had its “buy” rating reissued by equities research analysts at Maxim Group in a research report issued to clients and investors on Wednesday. They presently have a $13.00 price target on the electronics maker’s stock. Maxim Group’s price objective would indicate a potential upside of 55.69% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Intevac from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Monday, July 17th. B. Riley restated a “buy” rating and issued a $16.00 price target on shares of Intevac in a report on Tuesday, August 1st. Roth Capital set a $14.00 price target on shares of Intevac and gave the company a “buy” rating in a report on Friday, July 28th. Noble Financial restated a “hold” rating on shares of Intevac in a report on Wednesday, August 2nd. Finally, Benchmark Co. restated a “hold” rating on shares of Intevac in a report on Tuesday, August 1st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Intevac has an average rating of “Hold” and a consensus target price of $13.20.
Shares of Intevac (IVAC) remained flat at $8.35 during midday trading on Wednesday. 21,234 shares of the stock traded hands. The stock has a 50 day moving average price of $8.62 and a 200-day moving average price of $11.09. Intevac has a 52 week low of $5.60 and a 52 week high of $14.15. The firm has a market capitalization of $181.88 million, a price-to-earnings ratio of 33.81 and a beta of 1.04.
Intevac (NASDAQ:IVAC) last posted its quarterly earnings results on Monday, July 31st. The electronics maker reported $0.05 EPS for the quarter. Intevac had a net margin of 4.68% and a return on equity of 7.29%. The firm had revenue of $31.00 million for the quarter, compared to analyst estimates of $28.76 million. During the same quarter last year, the firm posted ($0.18) earnings per share. Intevac’s revenue for the quarter was up 108.1% compared to the same quarter last year. On average, equities analysts expect that Intevac will post $0.12 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the business. Navellier & Associates Inc grew its position in Intevac by 96.2% in the second quarter. Navellier & Associates Inc now owns 48,614 shares of the electronics maker’s stock valued at $540,000 after acquiring an additional 23,835 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in Intevac by 19.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 27,324 shares of the electronics maker’s stock valued at $304,000 after acquiring an additional 4,446 shares in the last quarter. California State Teachers Retirement System acquired a new stake in Intevac in the second quarter valued at approximately $382,000. The Manufacturers Life Insurance Company grew its position in Intevac by 1,393.9% in the second quarter. The Manufacturers Life Insurance Company now owns 17,568 shares of the electronics maker’s stock valued at $195,000 after acquiring an additional 16,392 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Intevac by 100.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 40,342 shares of the electronics maker’s stock valued at $448,000 after acquiring an additional 20,200 shares in the last quarter. 70.14% of the stock is owned by institutional investors.
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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