Intevac EVP Andres Brugal Unloads 3,559 Shares (IVAC)
Intevac (NASDAQ:IVAC) EVP Andres Brugal unloaded 3,559 shares of the stock on the open market in a transaction dated Thursday, February 13th. The shares were sold at an average price of $7.80, for a total value of $27,760.20. Following the completion of the sale, the executive vice president now directly owns 9,507 shares of the company’s stock, valued at approximately $74,155. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks downgraded shares of Intevac from a “neutral” rating to an “underperform” rating in a research note on Tuesday, February 4th. They now have a $7.00 price target on the stock.
Shares of Intevac (NASDAQ:IVAC) traded down 0.38% on Friday, hitting $7.80. The stock had a trading volume of 21,824 shares. Intevac has a 1-year low of $4.25 and a 1-year high of $8.92. The stock’s 50-day moving average is $7.90 and its 200-day moving average is $6.52. The company’s market cap is $186.8 million.
Intevac (NASDAQ:IVAC) last released its earnings data on Wednesday, January 29th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.05. The company had revenue of $20.60 million for the quarter, compared to the consensus estimate of $19.28 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Analysts expect that Intevac will post $-0.48 EPS for the current fiscal year.
Intevac, Inc (NASDAQ:IVAC) provides process manufacturing equipment solutions to the hard disk drive industry and manufacturing equipment and inspection solutions to the photovoltaic (PV) industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.