Intevac, Inc. (NASDAQ:IVAC) EVP Jay Cho Sells 11,550 Shares of Stock

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Intevac, Inc. (NASDAQ:IVAC) EVP Jay Cho sold 11,550 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $6.91, for a total value of $79,810.50. Following the sale, the executive vice president now owns 96,604 shares of the company’s stock, valued at $667,533.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NASDAQ IVAC opened at $6.84 on Friday. The stock’s fifty day moving average is $6.93 and its two-hundred day moving average is $5.91. The firm has a market capitalization of $163.03 million, a P/E ratio of 138.40 and a beta of 0.18. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.20 and a current ratio of 4.40. Intevac, Inc. has a fifty-two week low of $4.52 and a fifty-two week high of $7.68.

Intevac (NASDAQ:IVAC) last released its quarterly earnings data on Wednesday, January 29th. The electronics maker reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The company had revenue of $35.44 million for the quarter, compared to analyst estimates of $34.50 million. Intevac had a return on equity of 1.27% and a net margin of 1.05%. As a group, sell-side analysts forecast that Intevac, Inc. will post 0.26 EPS for the current year.

IVAC has been the subject of several research reports. ValuEngine upgraded Intevac from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Zacks Investment Research cut Intevac from a “buy” rating to a “hold” rating in a research report on Saturday, February 1st. Finally, B. Riley boosted their price target on Intevac from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Intevac by 1.0% during the second quarter. BlackRock Inc. now owns 655,628 shares of the electronics maker’s stock worth $3,173,000 after buying an additional 6,281 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Intevac by 3.7% during the fourth quarter. Renaissance Technologies LLC now owns 569,645 shares of the electronics maker’s stock worth $4,022,000 after buying an additional 20,236 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in Intevac by 4.9% during the fourth quarter. Essex Investment Management Co. LLC now owns 344,990 shares of the electronics maker’s stock worth $2,436,000 after buying an additional 16,196 shares during the last quarter. Ancora Advisors LLC boosted its stake in Intevac by 9.6% during the fourth quarter. Ancora Advisors LLC now owns 235,587 shares of the electronics maker’s stock worth $1,663,000 after buying an additional 20,611 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Intevac by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 147,806 shares of the electronics maker’s stock worth $1,043,000 after buying an additional 1,541 shares during the last quarter. 45.47% of the stock is currently owned by institutional investors.

About Intevac

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. The company operates through two segments, Thin-Film Equipment and Photonics. The Thin-Film Equipment segment designs and develops thin-film processing systems that are applied in hard disk drive media, display cover panel, and solar photovoltaic markets.

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