News articles about Intevac (NASDAQ:IVAC) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Intevac earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news articles about the electronics maker an impact score of 46.7969594949136 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
IVAC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Intevac from a “sell” rating to a “hold” rating in a report on Wednesday, April 4th. B. Riley lowered shares of Intevac from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $11.50 to $6.50 in a report on Tuesday, May 1st. Maxim Group lowered shares of Intevac from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $12.00 to $6.50 in a report on Tuesday, May 1st. Noble Financial lowered shares of Intevac from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Finally, ValuEngine upgraded shares of Intevac from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Intevac currently has a consensus rating of “Hold” and an average price target of $9.50.
Shares of NASDAQ:IVAC traded down $0.10 during midday trading on Wednesday, reaching $4.85. 124,199 shares of the company were exchanged, compared to its average volume of 190,424. Intevac has a fifty-two week low of $4.51 and a fifty-two week high of $12.20. The firm has a market cap of $108.45 million, a price-to-earnings ratio of 28.53 and a beta of 0.81.
Intevac (NASDAQ:IVAC) last issued its quarterly earnings data on Monday, April 30th. The electronics maker reported ($0.23) EPS for the quarter, hitting analysts’ consensus estimates of ($0.23). Intevac had a negative net margin of 2.83% and a negative return on equity of 3.81%. The business had revenue of $17.97 million for the quarter, compared to analyst estimates of $17.90 million. During the same period last year, the business posted $0.08 earnings per share. equities analysts predict that Intevac will post -0.25 earnings per share for the current year.
In other Intevac news, major shareholder April Fund Ltd. 21 purchased 100,000 shares of the stock in a transaction on Thursday, April 26th. The shares were purchased at an average cost of $6.18 per share, for a total transaction of $618,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 478,300 shares of company stock worth $2,718,816 over the last quarter. Company insiders own 7.00% of the company’s stock.
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. It operates in two segments, Thin-Film Equipment and Photonics. The Thin-film Equipment segment designs, manufactures, markets, and services disk sputtering, etch and deposition, and disk lubrication systems; and offers upgrades, spares, and consumables, as well as provides process and applications support, customer training, installation, start-up assistance, and post-installation support services.
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