TheStreet upgraded shares of Intevac Inc. (NASDAQ:IVAC) from a sell rating to a hold rating in a research report released on Wednesday.
IVAC has been the subject of a number of other reports. Zacks Investment Research raised shares of Intevac from a hold rating to a buy rating and set a $6.75 target price for the company in a report on Friday, October 7th. B. Riley reaffirmed a neutral rating and issued a $6.50 target price on shares of Intevac in a report on Monday, November 7th. Finally, Benchmark Co. set a $7.00 target price on shares of Intevac and gave the company a buy rating in a report on Wednesday, November 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $7.15.
Shares of Intevac (NASDAQ:IVAC) opened at 6.50 on Wednesday. Intevac has a 12-month low of $3.99 and a 12-month high of $6.67. The firm’s market capitalization is $136.04 million. The company has a 50-day moving average price of $5.98 and a 200 day moving average price of $5.75.
Intevac (NASDAQ:IVAC) last announced its quarterly earnings results on Tuesday, November 1st. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. Intevac had a negative net margin of 18.95% and a negative return on equity of 17.85%. The firm earned $22.56 million during the quarter, compared to analysts’ expectations of $21.88 million. During the same period in the previous year, the company earned ($0.18) earnings per share. Intevac’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, equities analysts expect that Intevac will post ($0.43) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of IVAC. Teton Advisors Inc. boosted its position in 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 in the last quarter. Royce & Associates LP boosted its position in 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 in the last quarter. Finally, Bridgeway Capital Management Inc. boosted its position in 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 in the last quarter. 73.37% of the stock is owned by hedge funds and other institutional investors.