Intevac Inc. (NASDAQ:IVAC)’s share price fell 3.8% on Wednesday . The stock traded as low as $6.00 and last traded at $6.01, with a volume of 52,226 shares changing hands. The stock had previously closed at $6.25.

IVAC has been the topic of a number of analyst reports. Zacks Investment Research upgraded Intevac from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research report on Tuesday, July 5th. B. Riley reiterated a “neutral” rating and set a $6.50 price objective on shares of Intevac in a research report on Tuesday. Benchmark Co. upgraded Intevac from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $5.50 to $6.50 in a research report on Wednesday, June 8th. Finally, Maxim Group upgraded Intevac from a “hold” rating to a “buy” rating in a research report on Tuesday, May 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $7.00.

The company’s market cap is $124.10 million. The company has a 50-day moving average price of $5.74 and a 200 day moving average price of $4.92.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings results on Monday, August 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.11. The company earned $14.90 million during the quarter, compared to analyst estimates of $14.20 million. During the same quarter last year, the firm earned ($0.01) EPS. The business’s revenue was down 27.3% on a year-over-year basis. Analysts forecast that Intevac Inc. will post ($0.45) EPS for the current 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 price of $5.33 per share, for a total transaction of $206,910.60. Following the transaction, the director now owns 7,000 shares of the company’s stock, valued at approximately $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 raised its stake in Intevac Inc. (NASDAQ:IVAC) by 2.6% during the fourth quarter, according to its most recent 13F filing with the 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 about 8.68% of Intevac worth $8,586,000 as of its most recent filing with the SEC.

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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