News headlines about Intevac (NASDAQ:IVAC) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Intevac earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the electronics maker an impact score of 45.9970204163485 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
IVAC has been the topic of several recent analyst reports. B. Riley reiterated a “buy” rating and issued a $11.50 target price (down from $14.00) on shares of Intevac in a report on Thursday, February 1st. Noble Financial reiterated a “buy” rating on shares of Intevac in a report on Thursday, January 18th. Maxim Group reiterated a “buy” rating and issued a $12.00 target price on shares of Intevac in a report on Thursday, February 1st. Zacks Investment Research lowered shares of Intevac from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. Finally, ValuEngine lowered shares of Intevac from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Intevac currently has a consensus rating of “Hold” and a consensus price target of $12.10.
Shares of Intevac (NASDAQ:IVAC) traded down $0.30 during mid-day trading on Wednesday, hitting $6.75. 65,731 shares of the stock traded hands, compared to its average volume of 112,617. Intevac has a 52-week low of $6.00 and a 52-week high of $14.15. The firm has a market cap of $157.73, a price-to-earnings ratio of 37.50 and a beta of 0.98.
In related news, major shareholder April Fund Ltd. 21 acquired 88,183 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were purchased at an average cost of $6.81 per share, for a total transaction of $600,526.23. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David S. Dury acquired 5,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $6.23 per share, for a total transaction of $31,150.00. Following the completion of the acquisition, the director now owns 34,000 shares in the company, valued at approximately $211,820. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 342,515 shares of company stock worth $2,209,956. Company insiders own 16.10% 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.
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