Intevac, Inc. (IVAC) Major Shareholder Buys $301,156.48 in Stock

Intevac, Inc. (NASDAQ:IVAC) major shareholder April Fund Ltd. 21 acquired 45,908 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were purchased at an average cost of $6.56 per share, for a total transaction of $301,156.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

April Fund Ltd. 21 also recently made the following trade(s):

  • On Wednesday, January 31st, April Fund Ltd. 21 bought 88,183 shares of Intevac stock. The shares were acquired at an average price of $6.81 per share, with a total value of $600,526.23.

Shares of Intevac, Inc. (NASDAQ:IVAC) traded down $0.18 on Monday, hitting $6.32. 113,105 shares of the stock traded hands, compared to its average volume of 91,904. Intevac, Inc. has a twelve month low of $6.20 and a twelve month high of $14.15. The firm has a market capitalization of $141.63, a P/E ratio of 36.39 and a beta of 0.90.

Intevac (NASDAQ:IVAC) last announced its earnings results on Wednesday, January 31st. The electronics maker reported $0.00 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.01. The business had revenue of $24.80 million during the quarter, compared to the consensus estimate of $24.80 million. Intevac had a net margin of 3.65% and a return on equity of 4.89%. The business’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 earnings per share. analysts anticipate that Intevac, Inc. will post 0.34 earnings per share for the current year.

Several equities research analysts have recently weighed in on the stock. Maxim Group reiterated a “buy” rating and set a $12.00 target price on shares of Intevac in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Intevac from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. B. Riley upgraded shares of Intevac to a “buy” rating in a research note on Thursday, January 18th. Finally, Noble Financial reiterated a “buy” rating on shares of Intevac in a research note on Thursday, January 18th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $12.10.

A number of large investors have recently made changes to their positions in IVAC. Schwab Charles Investment Management Inc. acquired a new stake in Intevac in the second quarter valued at about $363,000. Rhumbline Advisers acquired a new stake in Intevac in the second quarter valued at about $225,000. Bank of New York Mellon Corp lifted its position in Intevac by 234.9% in the second quarter. Bank of New York Mellon Corp now owns 56,761 shares of the electronics maker’s stock valued at $630,000 after purchasing an additional 39,814 shares during the period. Teachers Advisors LLC acquired a new stake in Intevac in the second quarter valued at about $382,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in Intevac in the second quarter valued at about $577,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

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About Intevac

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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