Intevac, Inc. (IVAC) Director David S. Dury Acquires 5,000 Shares

Intevac, Inc. (NASDAQ:IVAC) Director David S. Dury purchased 5,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $6.23 per share, for a total transaction of $31,150.00. Following the acquisition, the director now owns 34,000 shares in the company, valued at $211,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Intevac, Inc. (NASDAQ:IVAC) traded up $0.10 on Monday, hitting $6.30. 114,208 shares of the stock were exchanged, compared to its average volume of 103,304. The company has a market cap of $135.09, a price-to-earnings ratio of 34.44 and a beta of 0.90. Intevac, Inc. has a 52-week low of $6.10 and a 52-week high of $14.15.

Intevac (NASDAQ:IVAC) last announced its earnings results on Wednesday, January 31st. The electronics maker reported $0.00 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. The firm had revenue of $24.80 million for the quarter, compared to analyst estimates of $24.80 million. Intevac had a net margin of 3.65% and a return on equity of 4.89%. The company’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. analysts expect that Intevac, Inc. will post 0.22 earnings per share for the current year.

A number of equities research analysts have issued reports on the stock. B. Riley reissued a “buy” rating and issued a $11.50 price target (down previously from $14.00) on shares of Intevac in a report on Thursday, February 1st. ValuEngine lowered shares of Intevac from a “hold” rating to a “sell” rating in a report on Thursday. Maxim Group reissued a “buy” rating and issued a $12.00 price target on shares of Intevac in a report on Thursday, February 1st. Noble Financial raised shares of Intevac from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research raised shares of Intevac from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $12.10.

Several institutional investors and hedge funds have recently made changes to their positions in IVAC. Schwab Charles Investment Management Inc. bought a new stake in shares of Intevac during the 2nd quarter valued at about $363,000. Rhumbline Advisers bought a new stake in shares of Intevac during the 2nd quarter valued at about $225,000. Bank of New York Mellon Corp boosted its stake in shares of Intevac by 234.9% during the 2nd 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 in the last quarter. Teachers Advisors LLC bought a new stake in shares of Intevac during the 2nd quarter valued at about $382,000. Finally, TIAA CREF Investment Management LLC bought a new stake in shares of Intevac during the 2nd quarter valued at about $577,000. 70.17% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for Intevac (NASDAQ:IVAC)

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