Intevac, Inc. (NASDAQ:IVAC) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.15 and traded as high as $4.70. Intevac shares last traded at $4.70, with a volume of 4,089 shares.
A number of analysts recently issued reports on IVAC shares. ValuEngine raised shares of Intevac from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Zacks Investment Research downgraded shares of Intevac from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Intevac has an average rating of “Hold” and a consensus price target of $5.75.
The company has a market cap of $106.76 million, a PE ratio of -25.05 and a beta of 0.38. The stock has a fifty day moving average of $5.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.25 and a current ratio of 3.44.
Intevac (NASDAQ:IVAC) last released its quarterly earnings results on Monday, April 29th. The electronics maker reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.06. The firm had revenue of $24.83 million during the quarter, compared to analysts’ expectations of $23.50 million. Intevac had a negative return on equity of 2.04% and a net margin of 6.20%. On average, equities analysts predict that Intevac, Inc. will post 0.03 EPS for the current fiscal year.
In related news, CFO James P. Moniz purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was purchased at an average price of $5.24 per share, for a total transaction of $52,400.00. Following the acquisition, the chief financial officer now directly owns 84,411 shares in the company, valued at $442,313.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.00% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in IVAC. Spark Investment Management LLC purchased a new position in shares of Intevac during the 1st quarter valued at approximately $93,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Intevac by 98.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 38,642 shares of the electronics maker’s stock valued at $202,000 after buying an additional 19,189 shares during the last quarter. King Luther Capital Management Corp purchased a new position in shares of Intevac during the 4th quarter valued at approximately $418,000. Bank of America Corp DE boosted its stake in shares of Intevac by 370.0% during the 4th quarter. Bank of America Corp DE now owns 94,000 shares of the electronics maker’s stock valued at $492,000 after buying an additional 74,000 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Intevac by 1,014.6% during the 4th quarter. Barclays PLC now owns 100,567 shares of the electronics maker’s stock valued at $526,000 after buying an additional 91,544 shares during the last quarter. Institutional investors own 64.96% of the company’s stock.
Intevac Company Profile (NASDAQ:IVAC)
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. The company operates through two segments, Thin-Film Equipment and Photonics. The Thin-Film Equipment segment designs and develops thin-film processing systems that are applied in hard disk drive media, display cover panel, and solar photovoltaic markets.
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