Navellier & Associates Inc boosted its position in Intevac, Inc. (NASDAQ:IVAC) by 96.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,614 shares of the electronics maker’s stock after acquiring an additional 23,835 shares during the quarter. Navellier & Associates Inc owned 0.22% of Intevac worth $540,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Intevac by 4.9% in the second quarter. Vanguard Group Inc. now owns 868,575 shares of the electronics maker’s stock valued at $9,641,000 after acquiring an additional 40,865 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Intevac by 36.2% in the first quarter. Renaissance Technologies LLC now owns 510,485 shares of the electronics maker’s stock valued at $6,381,000 after acquiring an additional 135,632 shares in the last quarter. State Street Corp raised its holdings in Intevac by 1,307.7% in the second quarter. State Street Corp now owns 246,157 shares of the electronics maker’s stock valued at $2,732,000 after acquiring an additional 228,670 shares in the last quarter. OxFORD Asset Management LLP raised its holdings in Intevac by 835.4% in the second quarter. OxFORD Asset Management LLP now owns 217,312 shares of the electronics maker’s stock valued at $2,412,000 after acquiring an additional 194,081 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its holdings in Intevac by 36.4% in the second quarter. Essex Investment Management Co. LLC now owns 205,771 shares of the electronics maker’s stock valued at $2,284,000 after acquiring an additional 54,920 shares in the last quarter. 70.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intevac, Inc. (NASDAQ:IVAC) traded up 1.497% during trading on Wednesday, reaching $8.475. 20,857 shares of the company’s stock traded hands. Intevac, Inc. has a 1-year low of $5.60 and a 1-year high of $14.15. The company has a 50 day moving average price of $8.60 and a 200 day moving average price of $11.05. The stock has a market capitalization of $184.60 million, a PE ratio of 34.312 and a beta of 1.04.
Intevac (NASDAQ:IVAC) last released its quarterly earnings results on Monday, July 31st. The electronics maker reported $0.05 EPS for the quarter. Intevac had a return on equity of 7.29% and a net margin of 4.68%. The firm had revenue of $31.00 million for the quarter, compared to analyst estimates of $28.76 million. During the same period in the previous year, the company posted ($0.18) EPS. Intevac’s revenue for the quarter was up 108.1% on a year-over-year basis. On average, equities analysts forecast that Intevac, Inc. will post $0.12 EPS for the current fiscal year.
Several analysts recently weighed in on IVAC shares. Zacks Investment Research raised shares of Intevac from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Monday, July 17th. Roth Capital set a $14.00 target price on shares of Intevac and gave the company a “buy” rating in a report on Friday, July 28th. Maxim Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Intevac in a report on Wednesday, October 11th. Benchmark Co. reaffirmed a “hold” rating on shares of Intevac in a report on Tuesday, August 1st. Finally, Noble Financial reaffirmed a “hold” rating on shares of Intevac in a report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $13.20.
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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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