Intevac (NASDAQ:IVAC) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.00 for the period, compared to the Thomson Reuters consensus estimate of ($0.06). The company issued revenue guidance of $24.8 million, compared to the consensus revenue estimate of $24.58 million.

Shares of Intevac (IVAC) opened at $6.75 on Thursday. The stock has a market capitalization of $147.08, a PE ratio of 21.77 and a beta of 0.85. Intevac has a 12-month low of $6.20 and a 12-month high of $14.15.

Intevac (NASDAQ:IVAC) last posted its quarterly earnings results on Monday, October 30th. The electronics maker reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $26.70 million for the quarter, compared to analyst estimates of $25.50 million. Intevac had a return on equity of 8.80% and a net margin of 5.97%. Intevac’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) EPS. research analysts predict that Intevac will post 0.12 earnings per share for the current year.

IVAC has been the topic of several research analyst reports. Benchmark reissued a hold rating on shares of Intevac in a research report on Tuesday, October 31st. Maxim Group reissued a buy rating and set a $13.00 target price on shares of Intevac in a research report on Wednesday, October 11th. Noble Financial raised Intevac from a hold rating to a buy rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered Intevac from a buy rating to a hold rating in a research report on Wednesday, September 27th. Finally, B. Riley reissued a buy rating and set a $14.00 target price on shares of Intevac in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Intevac currently has a consensus rating of Buy and a consensus target price of $12.60.

A hedge fund recently raised its stake in Intevac stock. State Street Corp lifted its holdings in shares of Intevac, Inc. (NASDAQ:IVAC) by 1,307.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 246,157 shares of the electronics maker’s stock after acquiring an additional 228,670 shares during the period. State Street Corp owned 1.13% of Intevac worth $2,732,000 at the end of the most recent reporting period. Institutional investors own 70.11% of the company’s stock.

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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.

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