Intevac, Inc. (NASDAQ:IVAC) – Analysts at B. Riley lowered their Q1 2020 earnings per share estimates for shares of Intevac in a note issued to investors on Wednesday, January 15th. B. Riley analyst C. Ellis now forecasts that the electronics maker will post earnings of ($0.17) per share for the quarter, down from their prior forecast of ($0.04). B. Riley has a “Buy” rating and a $9.00 price objective on the stock. B. Riley also issued estimates for Intevac’s Q2 2020 earnings at ($0.11) EPS, Q3 2020 earnings at $0.27 EPS and Q4 2020 earnings at $0.28 EPS.
Intevac (NASDAQ:IVAC) last released its quarterly earnings results on Monday, October 28th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.05. Intevac had a negative return on equity of 2.38% and a net margin of 5.65%. The firm had revenue of $26.30 million for the quarter, compared to analyst estimates of $25.00 million.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Intevac from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. ValuEngine lowered Intevac from a “hold” rating to a “sell” rating in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.50.
NASDAQ IVAC opened at $7.54 on Friday. The company has a quick ratio of 2.23, a current ratio of 3.40 and a debt-to-equity ratio of 0.10. Intevac has a 52-week low of $4.52 and a 52-week high of $7.68. The business’s 50-day moving average price is $6.73 and its 200 day moving average price is $5.58. The firm has a market cap of $174.71 million, a P/E ratio of 27.93 and a beta of 0.25.
A number of institutional investors and hedge funds have recently made changes to their positions in IVAC. River & Mercantile Asset Management LLP purchased a new stake in Intevac in the 2nd quarter valued at approximately $1,772,000. Needham Investment Management LLC boosted its holdings in Intevac by 42.9% in the 2nd quarter. Needham Investment Management LLC now owns 200,000 shares of the electronics maker’s stock valued at $968,000 after purchasing an additional 60,000 shares in the last quarter. Worth Venture Partners LLC boosted its holdings in Intevac by 388.2% in the 2nd quarter. Worth Venture Partners LLC now owns 55,964 shares of the electronics maker’s stock valued at $271,000 after purchasing an additional 44,500 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Intevac by 8.7% in the 2nd quarter. Renaissance Technologies LLC now owns 482,692 shares of the electronics maker’s stock valued at $2,336,000 after purchasing an additional 38,684 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Intevac by 124.8% in the 2nd quarter. Morgan Stanley now owns 22,701 shares of the electronics maker’s stock valued at $110,000 after purchasing an additional 12,601 shares in the last quarter. 44.97% of the stock is currently owned by institutional investors.
Intevac, Inc provides vacuum deposition equipment for various thin-film applications, and digital night-vision technologies and products to the defense industry in the United States, Asia, Europe, and internationally. The company operates through two segments, Thin-Film Equipment and Photonics. The Thin-Film Equipment segment designs and develops thin-film processing systems that are applied in hard disk drive media, display cover panel, and solar photovoltaic markets.