Insider Selling: Intevac EVP Sells 2,617 Shares of Stock (IVAC)
Intevac (NASDAQ:IVAC) EVP Michael A. Russak sold 2,617 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $8.01, for a total transaction of $20,962.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Intevac (NASDAQ:IVAC) traded down 6.59% during mid-day trading on Friday, hitting $7.51. The stock had a trading volume of 54,691 shares. Intevac has a 1-year low of $4.65 and a 1-year high of $10.20. The stock has a 50-day moving average of $7.69 and a 200-day moving average of $7.81. The company’s market cap is $179.5 million.
Intevac (NASDAQ:IVAC) last posted its quarterly earnings results on Monday, April 28th. The company reported ($0.18) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.20) by $0.02. The company had revenue of $17.00 million for the quarter, compared to the consensus estimate of $16.83 million. During the same quarter in the prior year, the company posted ($0.32) earnings per share. The company’s quarterly revenue was up 30.8% on a year-over-year basis. Analysts expect that Intevac will post $-0.46 EPS for the current fiscal year.
A number of analysts have recently weighed in on IVAC shares. Analysts at Needham & Company LLC downgraded shares of Intevac from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th.
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.
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