Intevac’s (IVAC) “Buy” Rating Reiterated at Noble Financial

Intevac (NASDAQ:IVAC)‘s stock had its “buy” rating reiterated by research analysts at Noble Financial in a research report issued on Thursday.

A number of other brokerages have also recently weighed in on IVAC. Zacks Investment Research cut shares of Intevac from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. B. Riley reiterated a “buy” rating and set a $14.00 price target on shares of Intevac in a research report on Tuesday, October 31st. Benchmark reiterated a “hold” rating on shares of Intevac in a research report on Tuesday, October 31st. Finally, Maxim Group reiterated a “buy” rating and set a $13.00 price target on shares of Intevac in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $12.60.

Shares of Intevac (NASDAQ IVAC) opened at $6.75 on Thursday. Intevac has a 12-month low of $6.20 and a 12-month high of $14.15. The firm has a market cap of $147.08, a PE ratio of 21.77 and a beta of 0.85.

Intevac (NASDAQ:IVAC) last announced its quarterly earnings results on Monday, October 30th. The electronics maker reported $0.04 earnings per share for the quarter. Intevac had a net margin of 5.97% and a return on equity of 8.80%. The business had revenue of $26.70 million during the quarter, compared to analysts’ expectations of $25.50 million. During the same period last year, the business earned ($0.02) earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. research analysts expect that Intevac will post 0.12 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in IVAC. State Street Corp grew its holdings in shares of 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 purchasing an additional 228,670 shares in the last quarter. OxFORD Asset Management LLP grew its holdings in shares of 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 purchasing an additional 194,081 shares in the last quarter. Algert Global LLC grew its holdings in shares of Intevac by 65.6% in the third quarter. Algert Global LLC now owns 248,552 shares of the electronics maker’s stock valued at $2,100,000 after purchasing an additional 98,468 shares in the last quarter. QS Investors LLC acquired a new position in shares of Intevac in the second quarter valued at approximately $963,000. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Intevac in the second quarter valued at approximately $834,000. Hedge funds and other institutional investors own 70.11% of the company’s stock.

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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.

Analyst Recommendations for Intevac (NASDAQ:IVAC)

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