Intevac (IVAC) Issues Q4 Earnings Guidance
Intevac (NASDAQ:IVAC) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.00 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.06). The company issued revenue guidance of $24.8 million, compared to the consensus revenue estimate of $24.58 million.
A number of research firms recently weighed in on IVAC. Zacks Investment Research upgraded shares of Intevac from a sell rating to a hold rating in a report on Wednesday, January 3rd. Noble Financial upgraded shares of Intevac from a hold rating to a buy rating in a report on Tuesday, October 31st. Benchmark restated a hold rating on shares of Intevac in a report on Tuesday, October 31st. B. Riley restated a buy rating and issued a $14.00 target price on shares of Intevac in a report on Tuesday, October 31st. Finally, Maxim Group restated a buy rating and issued a $13.00 target price on shares of Intevac in a report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $12.60.
Shares of Intevac (IVAC) opened at $6.75 on Wednesday. Intevac has a 52-week low of $6.20 and a 52-week high of $14.15. The stock has a market cap of $147.08, a PE ratio of 21.09 and a beta of 0.85.
A hedge fund recently raised its stake in Intevac stock. State Street Corp grew its stake in shares of Intevac, Inc. (NASDAQ:IVAC) by 1,307.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 246,157 shares of the electronics maker’s stock after acquiring an additional 228,670 shares during the period. State Street Corp owned about 1.13% of Intevac worth $2,732,000 at the end of the most recent reporting period. 70.11% of the stock is currently owned by institutional investors and hedge funds.
Intevac, Inc (Intevac) is a provider of vacuum deposition equipment for a range of thin-film applications, and digital night-vision technologies and products to the defense industry. The Company’s segments include Thin-film Equipment and Photonics. The Company designs, manufactures, markets and services capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks that are used in hard disk drives.
Receive News & Ratings for Intevac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intevac and related companies with MarketBeat.com's FREE daily email newsletter.