Intevac Inc. (NASDAQ:IVAC) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $6.20 and last traded at $6.10, with a volume of 85,027 shares. The stock had previously closed at $5.72.

Several brokerages have issued reports on IVAC. Zacks Investment Research cut shares of Intevac from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Benchmark Co. upgraded shares of Intevac from a “hold” rating to a “buy” rating and lifted their price target for the stock from $5.50 to $6.50 in a research note on Wednesday, June 8th. B. Riley reiterated a “neutral” rating and issued a $5.25 price target on shares of Intevac in a research note on Sunday, May 8th. Finally, Maxim Group upgraded shares of Intevac from a “hold” rating to a “buy” rating in a research note on Tuesday, May 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $6.75.

The firm’s market capitalization is $125.96 million. The stock’s 50 day moving average is $5.44 and its 200 day moving average is $4.80.

Intevac (NASDAQ:IVAC) last issued its earnings results on Monday, May 2nd. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.06. The business had revenue of $13.66 million for the quarter, compared to the consensus estimate of $11.64 million. During the same quarter in the previous year, the company earned ($0.12) earnings per share. The firm’s revenue was down 31.3% on a year-over-year basis. Equities research analysts predict that Intevac Inc. will post ($0.48) EPS for the current fiscal year.

In other Intevac news, Director Matthew A. Drapkin bought 38,820 shares of the company’s stock in a transaction on Friday, June 10th. The shares were bought at an average cost of $5.33 per share, for a total transaction of $206,910.60. Following the acquisition, the director now directly owns 7,000 shares in the company, valued at $37,310. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

A hedge fund recently raised its stake in Intevac stock. Royce & Associates LLC boosted its stake in shares of Intevac Inc. (NASDAQ:IVAC) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,822,880 shares of the company’s stock after buying an additional 46,360 shares during the period. Royce & Associates LLC owned approximately 8.68% of Intevac worth $8,586,000 as of its most recent SEC filing.

Intevac, Inc (Intevac) is a provider of vacuum deposition equipment for a range of thin-film applications, and a provider of digital night-vision technologies and products to the defense industry. The Company’s segments include Thin-film Equipment and Photonics. Intevac is engaged in the design and development of thin-film processing systems.

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