Intevac Director Matthew A. Drapkin Buys 50,000 Shares (IVAC)
Intevac (NASDAQ:IVAC) Director Matthew A. Drapkin bought 50,000 shares of Intevac stock in a transaction that occurred on Wednesday, July 9th. The shares were purchased at an average price of $7.00 per share, with a total value of $350,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Intevac (NASDAQ:IVAC) traded up 3.67% during mid-day trading on Friday, hitting $7.34. 73,631 shares of the company’s stock traded hands. Intevac has a 1-year low of $4.82 and a 1-year high of $10.20. The stock has a 50-day moving average of $7.73 and a 200-day moving average of $8.00. The company’s market cap is $175.5 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 Zacks downgraded shares of Intevac from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $8.90 price target on the stock. Separately, 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. Finally, analysts at Needham & Company LLC downgraded shares of Intevac from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th.
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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