Insider Selling: Intevac EVP Sells 2,617 Shares of Stock (IVAC)
Intevac (NASDAQ:IVAC) EVP Michael A. Russak unloaded 2,617 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $8.01, for a total value of $20,962.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 (NASDAQ:IVAC) opened at 7.51 on Friday. Intevac has a 52-week low of $4.65 and a 52-week high of $10.20. The stock’s 50-day moving average is $7.69 and its 200-day moving average is $7.81. The company’s market cap is $179.5 million.
Intevac (NASDAQ:IVAC) last issued its quarterly earnings data on Monday, April 28th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.32) earnings per share. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, analysts predict that Intevac will post $-0.46 earnings per share 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.
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