Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Intevac (IVAC) Stock Price

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Headlines about Intevac (NASDAQ:IVAC) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Intevac earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the electronics maker an impact score of 45.9970204163485 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern’s rankings:

NASDAQ:IVAC opened at $6.45 on Friday. Intevac has a twelve month low of $6.00 and a twelve month high of $14.15. The stock has a market capitalization of $147.25, a price-to-earnings ratio of 37.94 and a beta of 0.88.

Intevac (NASDAQ:IVAC) last released its quarterly earnings results on Wednesday, January 31st. The electronics maker reported $0.00 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.01. Intevac had a return on equity of 4.89% and a net margin of 3.65%. The firm had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $24.80 million. During the same quarter last year, the firm posted $0.13 EPS. The company’s revenue was down 14.5% compared to the same quarter last year. equities research analysts forecast that Intevac will post 0.22 earnings per share for the current year.

Several brokerages have commented on IVAC. Zacks Investment Research upgraded Intevac from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine downgraded Intevac from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Maxim Group restated a “buy” rating and issued a $12.00 target price on shares of Intevac in a research note on Thursday, February 1st. B. Riley restated a “buy” rating and issued a $11.50 target price (down previously from $14.00) on shares of Intevac in a research note on Thursday, February 1st. Finally, Noble Financial restated a “buy” rating on shares of Intevac in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.10.

In other Intevac news, Director David S. Dury purchased 5,000 shares of the stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $6.23 per share, with a total value of $31,150.00. Following the acquisition, the director now directly owns 34,000 shares in the company, valued at approximately $211,820. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder April Fund Ltd. 21 purchased 21,300 shares of the stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of $6.32 per share, for a total transaction of $134,616.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 370,964 shares of company stock worth $2,382,072. Insiders own 13.90% of the company’s stock.

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About Intevac

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.

Insider Buying and Selling by Quarter for Intevac (NASDAQ:IVAC)

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