Intevac Inc. (NASDAQ:IVAC) was upgraded by stock analysts at TheStreet from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Intevac from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a report on Friday, October 7th. Benchmark Co. set a $7.00 price objective on shares of Intevac and gave the stock a “buy” rating in a report on Wednesday, November 2nd. Finally, B. Riley reaffirmed a “neutral” rating and issued a $6.50 price objective on shares of Intevac in a report on Tuesday, August 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Intevac has an average rating of “Buy” and a consensus price target of $7.15.
Shares of Intevac (NASDAQ:IVAC) remained flat at $6.50 during midday trading on Wednesday. 10,292 shares of the stock were exchanged. The stock’s 50-day moving average price is $5.98 and its 200 day moving average price is $5.75. Intevac has a one year low of $3.99 and a one year high of $6.67. The company’s market capitalization is $136.04 million.
Intevac (NASDAQ:IVAC) last released its quarterly earnings data on Tuesday, November 1st. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The firm earned $22.56 million during the quarter, compared to the consensus estimate of $21.88 million. Intevac had a negative net margin of 18.95% and a negative return on equity of 17.85%. The firm’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Equities analysts expect that Intevac will post ($0.43) earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the stock. Royce & Associates LP increased its position in shares of Intevac by 4.9% in the second quarter. Royce & Associates LP now owns 2,114,840 shares of the company’s stock valued at $12,012,000 after buying an additional 99,600 shares during the period. Teton Advisors Inc. increased its position in shares of Intevac by 28.3% in the second quarter. Teton Advisors Inc. now owns 232,030 shares of the company’s stock valued at $1,318,000 after buying an additional 51,161 shares during the period. Finally, Bridgeway Capital Management Inc. increased its position in shares of Intevac by 86.3% in the second quarter. Bridgeway Capital Management Inc. now owns 107,933 shares of the company’s stock valued at $613,000 after buying an additional 50,000 shares during the period. 73.37% of the stock is owned by institutional investors.