Algert Global LLC boosted its position in shares of Intevac, Inc. (NASDAQ:IVAC) by 122.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,084 shares of the electronics maker’s stock after buying an additional 82,690 shares during the period. Algert Global LLC owned 0.70% of Intevac worth $1,666,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in shares of Intevac during the first quarter valued at approximately $127,000. Acrospire Investment Management LLC increased its stake in shares of Intevac by 218.2% in the first quarter. Acrospire Investment Management LLC now owns 17,075 shares of the electronics maker’s stock valued at $213,000 after buying an additional 11,709 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Intevac during the first quarter valued at approximately $286,000. Oxford Asset Management acquired a new stake in shares of Intevac during the first quarter valued at approximately $290,000. Finally, Thompson Davis & CO. Inc. boosted its position in Intevac by 14.6% in the first quarter. Thompson Davis & CO. Inc. now owns 23,600 shares of the electronics maker’s stock worth $295,000 after buying an additional 3,000 shares during the period. 62.72% of the stock is currently owned by institutional investors.
Shares of Intevac, Inc. (NASDAQ IVAC) traded up 0.56% on Friday, reaching $9.05. 73,229 shares of the company’s stock traded hands. The company’s 50-day moving average price is $10.57 and its 200 day moving average price is $11.62. The firm has a market cap of $197.13 million, a P/E ratio of 36.64 and a beta of 1.02. Intevac, Inc. has a one year low of $5.60 and a one year high of $14.15.
Intevac (NASDAQ:IVAC) last announced its earnings results on Monday, July 31st. The electronics maker reported $0.05 earnings per share for the quarter. Intevac had a net margin of 4.68% and a return on equity of 7.29%. The business had revenue of $31 million for the quarter, compared to the consensus estimate of $28.76 million. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The business’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.
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IVAC has been the subject of several analyst reports. B. Riley reiterated a “buy” rating and set a $16.00 price target on shares of Intevac in a report on Tuesday, August 1st. Benchmark Co. restated a “hold” rating on shares of Intevac in a research report on Tuesday, August 1st. Noble Financial restated a “hold” rating on shares of Intevac in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Intevac from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $13.60.
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.
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