Insider Buying: Intevac, Inc. (IVAC) Major Shareholder Acquires 45,908 Shares of Stock

Intevac, Inc. (NASDAQ:IVAC) major shareholder April Fund Ltd. 21 purchased 45,908 shares of the stock in a transaction on Friday, February 2nd. The stock was acquired at an average cost of $6.56 per share, with a total value of $301,156.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

April Fund Ltd. 21 also recently made the following trade(s):

  • On Wednesday, January 31st, April Fund Ltd. 21 purchased 88,183 shares of Intevac stock. The stock was acquired at an average cost of $6.81 per share, with a total value of $600,526.23.

Intevac, Inc. (IVAC) opened at $6.35 on Tuesday. The company has a market cap of $138.36, a PE ratio of 35.28 and a beta of 0.90. Intevac, Inc. has a one year low of $6.20 and a one year high of $14.15.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings data 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 firm had revenue of $24.80 million during the quarter, compared to the consensus estimate of $24.80 million. Intevac had a net margin of 3.65% and a return on equity of 4.89%. The company’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. equities analysts predict that Intevac, Inc. will post 0.34 EPS for the current fiscal year.

Several research firms have weighed in on IVAC. Zacks Investment Research downgraded shares of Intevac from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. B. Riley reissued a “buy” rating and issued a $14.00 price target on shares of Intevac in a research note on Tuesday, October 31st. Benchmark reissued a “hold” rating on shares of Intevac in a research note on Tuesday, October 31st. Noble Financial raised shares of Intevac from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Maxim Group reissued a “buy” rating and issued a $13.00 price target on shares of Intevac in a research note on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $12.10.

Large investors have recently modified their holdings of the company. D.A. Davidson & CO. bought a new position in shares of Intevac during the second quarter valued at about $117,000. Nationwide Fund Advisors raised its stake in shares of Intevac by 695.2% during the second quarter. Nationwide Fund Advisors now owns 12,350 shares of the electronics maker’s stock valued at $137,000 after acquiring an additional 10,797 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Intevac during the second quarter valued at about $191,000. The Manufacturers Life Insurance Company raised its stake in shares of Intevac by 1,393.9% during 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 during the last quarter. Finally, Rhumbline Advisers bought a new position in shares of Intevac during the second quarter valued at about $225,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

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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.

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