April Fund Ltd. 21 Acquires 35,272 Shares of Intevac, Inc. (IVAC) Stock

Intevac, Inc. (NASDAQ:IVAC) major shareholder April Fund Ltd. 21 bought 35,272 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $6.21 per share, with a total value of $219,039.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, February 8th, April Fund Ltd. 21 bought 21,300 shares of Intevac stock. The shares were bought at an average cost of $6.32 per share, with a total value of $134,616.00.
  • On Tuesday, February 6th, April Fund Ltd. 21 bought 86,332 shares of Intevac stock. The shares were bought at an average cost of $6.33 per share, with a total value of $546,481.56.
  • On Friday, February 2nd, April Fund Ltd. 21 bought 45,908 shares of Intevac stock. The shares were bought at an average cost of $6.56 per share, with a total value of $301,156.48.
  • On Wednesday, January 31st, April Fund Ltd. 21 bought 88,183 shares of Intevac stock. The shares were bought at an average cost of $6.81 per share, with a total value of $600,526.23.

Intevac, Inc. (NASDAQ:IVAC) traded up $0.10 on Tuesday, reaching $6.30. 114,200 shares of the company were exchanged, compared to its average volume of 101,309. The firm has a market capitalization of $135.09, a price-to-earnings ratio of 35.00 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 posted its quarterly earnings results on Wednesday, January 31st. The electronics maker reported $0.00 earnings per share for the quarter, topping 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%. Intevac’s quarterly revenue was down 14.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 earnings per share. analysts forecast that Intevac, Inc. will post 0.22 EPS for the current fiscal year.

A number of analysts have recently commented on IVAC shares. Noble Financial raised shares of Intevac from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Maxim Group reissued a “buy” rating and set a $12.00 target price on shares of Intevac in a research note on Friday, October 27th. B. Riley reissued a “buy” rating and set a $14.00 target price on shares of Intevac in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Intevac from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Benchmark reissued a “hold” rating on shares of Intevac in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.10.

A number of institutional investors and hedge funds have recently bought and sold shares of IVAC. Schwab Charles Investment Management Inc. acquired a new position in Intevac during the second quarter worth about $363,000. Bank of New York Mellon Corp boosted its position in Intevac by 234.9% during the second quarter. Bank of New York Mellon Corp now owns 56,761 shares of the electronics maker’s stock worth $630,000 after acquiring an additional 39,814 shares during the last quarter. Teachers Advisors LLC acquired a new position in Intevac during the second quarter worth about $382,000. TIAA CREF Investment Management LLC acquired a new position in Intevac during the second quarter worth about $577,000. Finally, Nationwide Fund Advisors boosted its position in Intevac by 695.2% during the second quarter. Nationwide Fund Advisors now owns 12,350 shares of the electronics maker’s stock worth $137,000 after acquiring an additional 10,797 shares during the last quarter. Hedge funds and other institutional investors own 70.17% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “April Fund Ltd. 21 Acquires 35,272 Shares of Intevac, Inc. (IVAC) Stock” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/13/april-fund-ltd-21-acquires-35272-shares-of-intevac-inc-ivac-stock.html.

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)

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.

Leave a Reply