Noble Financial Reiterates “Buy” Rating for Intevac (IVAC)
Intevac (NASDAQ:IVAC)‘s stock had its “buy” rating reiterated by equities researchers at Noble Financial in a research note issued to investors on Thursday.
A number of other research firms have also recently commented on IVAC. Zacks Investment Research cut Intevac from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. B. Riley restated a “buy” rating and set a $14.00 target price on shares of Intevac in a research report on Tuesday, October 31st. Benchmark restated a “hold” rating on shares of Intevac in a research report on Tuesday, October 31st. Finally, Maxim Group restated a “buy” rating and set a $13.00 target price on shares of Intevac in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $12.60.
Intevac (NASDAQ:IVAC) opened at $6.75 on Thursday. The firm has a market capitalization of $147.08, a PE ratio of 21.77 and a beta of 0.85. Intevac has a 52 week low of $6.20 and a 52 week high of $14.15.
Hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. acquired a new stake in Intevac in the 2nd quarter worth about $117,000. Nationwide Fund Advisors boosted its holdings in Intevac by 695.2% in the 2nd quarter. Nationwide Fund Advisors now owns 12,350 shares of the electronics maker’s stock worth $137,000 after buying an additional 10,797 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Intevac in the 2nd quarter worth about $191,000. The Manufacturers Life Insurance Company boosted its holdings in Intevac by 1,393.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,568 shares of the electronics maker’s stock worth $195,000 after buying an additional 16,392 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in Intevac in the 2nd quarter worth about $225,000. Institutional investors own 70.11% of the company’s stock.
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Intevac Company Profile
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.
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